Peter Ring has warned that he may have to go to the market for
additional funds after forecasts indicated that Airbus will post losses of
several hundred million euros in 2006.
The heavy losses are a result of heavy restructuring charges and costly
delays to the A380 superjumbo, Airbus parent EADS warned.
According to The FT
, analysts are predicting that a decision on whether to pursue a share
issue will be made in April and presented to the EADS annual meeting in May. If
the issue goes ahead, it is estimated that Airbus will aim to raise €5bn
Ring said the groups was considering ‘all financial instruments’.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements