MARKET REPORT: Rolls-Royce falls 4% as it warns over cash flow and concerns the market is ignoring key challenges



Investors dumped shares in engineer Rolls-Royce amid reported doubts over cash-flow targets ahead of its results today.
The firm has climbed nearly 40 per cent since the end of last year amid hopes it would hit £1bn cash flow by 2020.
But executives are concerned the market is ignoring key challenges, and are reported to have told investors cash flow depends on key success including doubling engine production. Shares slid 4.4, or 41p, to 888p, ahead of half-year results today.
Tobacco shares also continued to fall after the US Food and Drug Administration’s announcement on Friday that it... read more

 
31 July 2017 in Business, Views: 55
Source: Daily Mail
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