STOCKS NEWS EUROPE-UK small caps gain 0.2 percent early on

Thu Dec 27, 2012 3:34am EST
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The FTSE Small Cap index is 0.2 percent higher in early deals, slightly ahead of a flat FTSE 100 and a 0.1 percent gain on the FTSE 250

AorTech rises 7.5 percent after chairman Bill Brown says in the polymers and medical devices firm's half-year report that the business has stabilised, it has a decent cash position and its contracts together with its investment proposition are now valuable.

Mood Media adds 4.2 percent after the firm announces the acquisition of Technomedia solutions, a provider of advanced entertainment, education and consumer experience solutions, for $23 million. Technomedia is expected to generate annual revenues of $43 million and EBITDA of $5.7 million.

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