The timing of Stephen Daintith’s exit will irritate Rolls’ shareholders but it was not the main event amid another set of bleak figures. It is why the share price sits close to a 10-year low and Rolls’ debt is rated as junk. The share price is a hostage to Covid infections and investors must assume that the chief executive, Warren East, will hit them with a rights issue of uncertain size at any moment. The twitchiness was reflected in a share price that was down 10% at one point on Thursday, before recovering to minus 1%. Translated, it means Hut thinks it can shift a lot of goods online, for itself and others, while steering clear of Amazon.

Source: The Guardian August 27, 2020 18:24 UTC