Rolls ends 'thrilling' rights issue after vaccine boost

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Rolls ends 'thrilling' rights issue after vaccine boost

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Emblem of the Rolls-Royce on the engine of the Trent XWB of the wide-body jet airliner Airbus A350 XWB, on April 25, 2018 in Berlin, Germany. | Sergey Kohl/Sergey Kohl - stock.adobe.com

Rolls-Royce, the UK aerospace company, completed its rights issue on Thursday, with the cash call proving to be a resounding success. The deal benefited from a late boost on Monday, when US drug company Pfizer said it had enjoyed successful late-stage trials for a Covid-19 vaccine, giving investors hope that Rolls-Royce engines would be powering more planes into the sky sooner than expected.

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