Rolls-Royce Holdings to Axe Guidance, Pull Dividend, FT Reports
April 05 2020 - 9:16PM
Dow Jones News
--Rolls-Royce is set to suspend its dividend for the first time
since 1987 and scrap profit, cash and delivery targets as the
coronavirus paralyzes air travel, the Financial Times reports,
citing unnamed sources.
--The struggling aircraft-engine maker is looking to secure over
GBP1 billion in new credit facilities that it could announce as
early as Monday, the FT says.
Full story: on.ft.com/3bWGq0O
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(END) Dow Jones Newswires
April 05, 2020 22:01 ET (02:01 GMT)
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