STOCKS NEWS EUROPE-UK small caps rise 0.3 pct
The FTSE small cap index rises 0.3 percent, ahead of the junior-listed AIM shares, which falls 0.3 percent, and the blue chips FTSE 100, up 0.1 percent.
Shanta Gold (LSE: SHG.L - news) closes 2.1 percent higher after a production update that confirmed 2014 guidance and revealed costs that were 5 percent lower than Liberum's estimates.
"A robust operational update," analysts at Liberum write in a note, reiterating a "buy" rating on the stock.
"The reiteration of guidance is comforting, particularly given the slight delay to commissioning of the crushing and elution plants. The all-in cost guidance is best in class for the UK gold producers,"
Kazakhstan-focussed oil and gas firm Max Petroleum (Other OTC: MXPTF - news) slumps 15.3 percent after announcing that it failed to find enough oil at its Sagiz West Field for it to be commercially viable, adding that it will be plugged and abandoned.
Reuters messaging rm://alistair.smout.thomsonreuters.com@reuters.net