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PRESS: Rolls Royce Set To Abandon Targets And Dividend Amid Virus - FT

Mon, 06th Apr 2020 06:47

(Alliance News) - Jet engine maker Rolls Royce Holdings PLC is set to ditch its financial guidance and suspend dividend payments after the grounding of the majority of widebody aircraft around the world due to Covid-19 pandemic, the Financial Times reported on Sunday.

The FTSE 100-listed company is also hoping to secure loan facilities of over GBP1 billion to shore up its liquidity, which at the end of 2019 was close to GBP7 billion, the newspaper reported.

https://www.ft.com/content/fdc2184e-4d21-4820-8c77-8e40e5cb5fb2

By Tapan Panchal; tapanpanchal@alliancenews.com

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