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.