London pre-open: Footsie points lower

Footsie looks set to open around 20 points lower after closing at its highest in over a week yesterday.Troubled sportswear retailer JJB Sports has confirmed reports it is to raise £100m through an equity issue. In a brief statement, JJB said its board has reviewed a range of options to provide additional capital for the group and confirms that it is finalising arrangements for an equity issue to raise £100m.Oilfield services company Wood Group believes its 2009 performance will be in line with expectations and said it remains confident in the medium and longer term fundamentals for the business. However, the group warned that activity and margins at its development related engineering activities will continue to be impacted amid delays both in the pace at which projects are being progressed and in further awards. UK Coal's £100m fundraising has been well-supported, with 93.2% of the shareholders eligible for the open offer taking up their new shares. The company made 86.49m shares available under the 11 for 20 open offer at 75p each. The unwanted shares have also been snapped up, giving the group the £64.9m it was after.Intellectual property group RWS Holdings said underlying full-year profits will exceed 2007/08 levels but fall 'modestly' below consensus. As a result of significantly lower deposit rates, particularly compared to the second half last year, interest income will fall well short of initial budgets.