Rolls-Royce collapses as it seeks to boost finances | Business

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Rolls-Royce shares fell to a 15-year low after the engineering group admitted yesterday that it was considering an emergency fundraiser.

The company, which manufactures jet aircraft engines and engines for Royal Navy warships and nuclear submarines, acknowledged the need to raise funds in an unplanned stock market statement yesterday afternoon. midday.

Rolls-Royce said after a report on Bloomberg that it was on the verge of selling new shares and selling ITP Aero, its £ 1.5 billion Spanish aerospace division, said: stages of examining a range of potential options to strengthen our balance sheet and position ourselves for recovery from Covid-19. “

The company said no decision has been made and that “our financial position and liquidity remains

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