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STOCKS NEWS EUROPE-UK small caps close flat, ReNeuron gains 7.5 pct

Reuters - UK Focus

The FTSE Small Cap index closes flat, outperforming junior-listed AIM shares, the mid-caps and the blue chips, down 0.2 to 0.3 percent.

ReNeuron Group (Other OTC: RNUGF - news) climbs 7.5 percent, among the top risers on the AIM index, after the stem cell therapy company receives final UK regulatory and ethical approvals to start two new clinical trials.

Laura Ashley (LSE: ALY.L - news) rises 8.7 percent in brisk trade as the retail and women's clothing company reports an increase in full-year pretax profit and says comparable sales in the first two months of the current financial year rose 2 percent.

Trading volume in Laura Ashley stands at more than 200 percent of its 90-day daily average, against the FTSE Small Cap index on 115 percent.

Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net