Rolls-Royce investors demand major changes to back £2bn cash call

Rolls-Royce shareholders are demanding a massive overhaul of the sprawling business ahead of a crunch vote on Monday on a deeply discounted £2bn rights issue. Sources close to the struggling company said major investors will only back the emergency fundraising bid if they are utterly convinced by chief executive Warren East and the board that Rolls will be “transformed from an empire into a proper business”. One insider said: “Top shareholders needed to be won over to sup