STOCKS NEWS EUROPE-UK small caps gain 0.5 pct midday

The FTSE Small Cap index .FTSC gains 0.5 percent in midday trade, underperforming both the blue chips .FTSE and the midcaps .FTMC, which rise 1.4 percent and 1.3 percent, respectively.

Devro (DVO.L) gains 5.4 percent after the sausage-skin maker says it expects to post a profit for the full year ahead of market forecasts, prompting Investec to increase its earnings forecasts and repeat its "buy" rating. [ID:nL9397078]

Inspired Gaming (INGG.L) tumbles nearly 33 percent as investors desert the stock after the company proposes a share capital reorganisation, which Hoodless Brennan says offers little attraction for ordinary shareholders, and therefore keeps its "sell" rating. [ID:nL9415315]

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