Rolls-Royce lands cash call after flight risk

By David Rothnie
19 Nov 2020

UK aerospace company Rolls-Royce managed a smooth landing for its mid-pandemic equity raise despite turbulence within its inner circle of advisers. It was a triumph for strong management, writes David Rothnie.

Rolls-Royce completed its right issue on November 12, as a blistering market rally brought its £2bn cash call to a successful close. But this came at the end of a tumultuous journey that challenged the company’s relationship with some of its most established banks and it serves as ...

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