Equity market prepares for ‘difficult’ Rolls-Royce raise
by Sam Kerr
September 21, 2020 01:00 PM
Rolls-Royce, the UK maker of aircraft engines, has confirmed it is considering holding a £2.5bn ($3.19bn) equity raise, but buy-side sources were struggling to make the investment case for the company given the uncertainty over its future. Its stock fell 10% on Monday on the announcement and fears that the UK will return to a lockdown to stop the dramatic rise in Covid-19 cases.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.