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 […]

Rolls-Royce reports record loss as travel slumps

Rolls Royce Trent 1000 Engineering giant Rolls-Royce, which makes jet engines, has reported record losses after the coronavirus pandemic caused demand for air travel to slump. The firm announced a pre-tax loss of £5.4bn for the first half of this year. Chief executive Warren East told the BBC he did […]