Centrica shares dive 10% on fund raising move
(Close): Shares in British Gas owner Centrica sank nearly 10% after it announced plans to raise more capital through a share sale.
Centrica said it would sell 350 million shares, worth about £770m, partly to fund acquisitions and partly to pay down debt. Centrica shares fell 22.60p to 208.50p.
The FTSE 100 index closed up 5.23 points at 6,117.25.
The company also announced that it would spend £6bn over the next three years to roll out faster broadband and mobile phone services.
Rolls-Royce fell 2.3% after the engineering group's latest update. Rolls said its outlook for the year as a whole was unchanged, but added that 2016 continued to be a "challenging year".