Scottish Power, the UK's fifth-largest energy provider, has received a takeover approach from Spanish power giant Iberdrola.
The shares leapt 8.7% to 730p, valuing the group at £10.9bn. Investment bank ABN Amro is understood to be advising Iberdrola, Spain's second-largest energy company, on its bid for Scottish Power and the two companies have been locked in talks for the past couple of weeks - The Daily Telegraph
European Aeronautic Defense & Space (EADS), the parent company of Airbus, on Wednesday reported its first quarterly loss in three years as delays in the production of the A380 superjumbo jet hurt its bottom line. EADS lost Eu19M ($249M) in the third-quarter, against Eu279M earned a year earlier, before the need for a thorough overhaul of the A380 became apparent. For the first nine months of 2006, its net income fell to Eu1.4bn from Eu2.1bn in 2005 - The International Herald Tribune
The award-winning architect Richard Rogers yesterday threatened to boycott the London 2012 Olympics in protest at how building contracts are being awarded. Lord Rogers, whose works include the Millennium Dome and the Pompidou Centre, said that contracts for the venues were not being made on an architect-led basis, leading to fears about the design quality - The Guardian
Centrica, the energy supplier, announced plans yesterday to build a clean-coal power station with almost zero greenhouse emissions as part of the fight against global warming. The £1bn plant, to be built in Teesside, could be up and running by 2012 and would provide more than 800mW of electricity - enough to light and heat almost 1m homes when the power is fed into the National Grid - Financial Times
One of the last refuges from incessantly ringing mobile phones is about to disappear as Emirates plans to allow passengers to use them on aircraft from January. The sound of people telling friends and relatives that they are 'over Greenland' will now be added to the drone of engines and the wail of babies - The Times
The Ladies' Pond on Hampstead Heath, one of London's secret treasures, is too dirty to pass EU water quality standards. It is just one of two bathing waters in England to fail the tough tests; the other is at Staithes on the North Yorkshire coast - The Times