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

Related Shares

More News

29 Apr 2024 11:20

Turkish Airlines in talks with Airbus, Boeing to buy 235 planes

ISTANBUL, April 29 (Reuters) - Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans,...

29 Apr 2024 09:58

Turkish Airlines says it is strengthening ties with Rolls-Royce, Airbus

ISTANBUL, April 29 (Reuters) - Turkish Airlines said on Monday Rolls-Royce was exploring the potential establishment in Turkey of maintenance, repai...

28 Apr 2024 13:20

Sunday newspaper round-up: Royal Mail, Shein, Canary Wharf

(Sharecast News) - The heads of the Communication Workers Union have acquiesced to Royal Mail's demand to end six-day-a-week letter deliveries, paving...

23 Apr 2024 08:26

Britain's FTSE 100 blue-chip stock index hits record high

LONDON, April 23 (Reuters) - Britain's blue-chip FTSE 100 index hit a record high on Tuesday, following last week's sharp selloff, as fears of the M...

22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: