Day: October 1, 2020

Rolls-Royce to sell shares as virus cuts travel

Rolls-Royce to sell shares as virus cuts travel

LONDON — Rolls-Royce Holdings plans to raise 2 billion pounds ($2.6 billion) by selling shares to existing investors after airlines around the world cut flights in response to the COVID-19 pandemic, slashing revenue for the jet-engine maker.The London-based company said Thursday it also plans to raise at least 1 ...