|Bid||114.85 x 0|
|Ask||114.85 x 0|
|Day's range||114.50 - 118.95|
|52-week range||0.90 - 223.40|
|Beta (5Y monthly)||1.83|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||23 Apr 2020|
|1y target est||N/A|
Rolls-Royce Holdings plc ( LON:RR. ) shareholders should be happy to see the share price up 14% in the last month. But...
Good morning, everyone, and thank you for joining GATX's Fourth Quarter and 2020 Year-end Earnings Conference Call. Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements.
Rolls-Royce expects to burn through £4.2bn of cash this year, higher than previously expected, as it announced plans to axe another 500 jobs in 2020. The aerospace giant said it still aims to return to positive cash flow sometime in the second half of next year, but anticipates it will go through more than £1bn in cash a quarter during the crisis, 5pc higher than it estimated in August. Shares fell almost 7pc to 118p in afternoon trading on Friday. It came as the FTSE 100 company revealed plans to shed a further 500 jobs in 2020, bringing the total number of cuts this year to 5,500, as it seeks to reduce costs by £1bn this year to weather the Covid storm. Rolls said it would take "several years" for demand for its engines to recover, and plans to shed a total of 9,000 roles by the end of 2022, or 15pc of its workforce. The company has also launched a consultation process to transfer its facility and workforce at Hucknall, Nottingham to Spanish arm ITP Aero. It said: "We are also proposing to consolidate the manufacture of aero-engine structures into ITP Aero. These difficult but necessary decisions will help generate efficiency savings for the group and strengthen ITP Aero's capabilities." Rolls was hammered by a near-total halt to global air traffic at the beginning of the crisis and a slow recovery in demand. Flying hours for its turbines reached 33pc of last year's levels in October and November, it said.