Rolls-Royce to ditch targets and suspend dividend - FT


Reuters | Updated: 06-04-2020 03:52 IST | Created: 06-04-2020 03:52 IST
Rolls-Royce to ditch targets and suspend dividend - FT

UK aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, due to the coronavirus outbreak, the Financial Times reported late on Sunday.

Rolls-Royce is also aiming to announce new credit facilities in excess of 1 billion pounds ($1.22 billion) to bolster liquidity, the newspaper said https://on.ft.com/2ULsL7q. ($1 = 0.8164 pounds)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback