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Market report: FTSE follows US market rally and Rolls-Royce starts engine for cash

FTSE100 has made decent progress as US markets rallied overnight.

Rolls-Royce (LON:RR) is raising £3bn to get through the deep crisis hitting its airline customer base. The engineer is tapping shareholders for £2bn with a bond issue to raise a further £1bn.

Kingfisher (LON:KGF) has offloaded its Russian business for £73mln two years after it was put up for sale. The DIY chain wants to focus on countries where it has a stronger presence. 

Medtech giant Smith & Nephew (LON:SN) said trading is getting better as non-essential surgery slowly resumes. Revenue dipped 4% in the third quarter compared to a 29% decline inthe previous three months.  

Among the small caps, Digitalbox (LON:DBOX) has acquired popular university online magazine The Tab for £750,000. The mobile digital media business is to raise £1mln by placing shares at a 2% discount to pay for it.

Corero Network (LON:CNS) reported a record order intake in the three months to September, with over US$6mln booked. The cybersecurity specialist said this includes its largest ever customer order and continued traction with partners such as Juniper and GTT. 

Immotion (LON:IMMO) has launched a new product that lets people explore the ocean form their armchair. The 'Let's Explore Oceans' Mega Pack comes in a box with virtual reality (VR) Goggles, carry case, holographic cube, hardback colour factbook, plus ten VR movies and four Augmented Reality (AR) experiences.

Quick facts: Corero Network Security PLC

Price: 9.5 GBX

AIM:CNS
Market: AIM
Market Cap: £47.01 m
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Corero Network Security CEO Lionel Chmilewsky reports 'record level of...

Corero Network Security PLC's (LON:CNS) CEO Lionel Chmilewsky talks to Proactive about their record order intake in the three months to the end of September. CEO Chmilewsky talks about these orders in detail, growing 58% from H1 last year, with revenue up 48%. from the same period last year...

2 weeks ago

2 min read