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The Financial Times reports that Goldman Sachs and Morgan Stanley, leading advisers on Rolls-Royce’s £2bn rights issue, “radically scaled back their underwriting commitments” in the days leading up to the cash call because of concerns about the pandemic and the US election.

Financial Times Front Page 10th of March 2025

In a crucial effort to secure renewed backing, the leadership intends to offer limited concessions and fortify ties with key partners overseas, underscoring a strategic pivot that emphasises continued alignment with the PM and the West while bolstering economic and diplomatic footing.

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