Rolls-Royce posts $9.7 billion first-half loss, says 9,000 jobs may need to go

LONDON (BLOOMBERG) - Rolls-Royce Holdings posted a pretax loss of £5.4 billion (S$9.74 billion) for the first half and said it plans to sell assets to raise cash as the coronavirus crisis batters air travel.. Read more at straitstimes.com.

LONDON - Rolls-Royce Holdings posted a pre-tax loss of £5.4 billion for the first half and said it plans to sell assets to raise cash as the coronavirus crisis batters air travel.

The company said it wants to raise at lease £2 billion from disposals within 18 months, identifying the ITP Aero unit as the asset most likely to be offloaded.

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