Legal battle.Shareholders have started legal action seeking pounds 5.5bn in damages from troubled Airbus parent EADS.
The Association of Active Shareholders said it had begun a "French-style class action" against EADS over Airbus' delays to its A380 deliveries.
EADS said in mid-June it would deliver only nine aircraft in 2007, and delays would slash pounds 1.1bn from profits to 2010.
The news pushed its shares 26% lower.
CONSTRUCTION giant Balfour Beatty Balfour Beatty plc (LSE: BBY) is a British based construction and civil engineering company based in central London. It is the largest construction company in the UK, and the 15th largest in the world. It is a constituent of the FTSE 250 Index. has landed a pounds 32m takeover of rival civil engineering firm Birse.
The two firms agreed a cash offer worth 16.625p a share ( 23% higher than Birse's 13.5p closing price on Friday.
Shares in Birse leapt 19% to 16p yesterday as investors welcomed the news, while shares in Balfour were up just over 1%.
THE UK's richest man hailed a "seminal seminal /sem·i·nal/ (sem´i-n'l) pertaining to semen or to a seed.
Of, relating to, containing, or conveying semen or seed. event" for the steel industry yesterday after his company Mittal Steel agreed a takeover of rival Arcelor worth around pounds 18bn.
Lakshmi Mittal Lakshmi Narayan Mittal (or Lakshmi Nivas Mittal) (लक्ष्मी िनवास मित्तल won the backing of the Arcelor board after a five-month battle to merge the world's two largest steel companies and create a powerhouse capable of producing 120m tonnes of steel a year ( 10% of the global market.
CASINO operators Stanley Leisure and London Clubs International (LCI LCI Livable Centers Initiative
LCI Life Cycle Inventory
LCI Landing Craft, Infantry
LCI La Chaine Info (French cable news channel)
LCI Lean Construction Institute
LCI Lions Club International ) confirmed yesterday they were in discussions over a possible merger.
The two companies opened talks in the last two weeks over a deal which would create a gaming giant worth around pounds 700m with more than 50 casinos across the UK.