- My Account
- Logout
- Register
- Login
'Insider trading found at Eads'
Related Articles
01 April 2008
French stock market regulator AMF is examining allegations that senior managers at the engineering giant sold shares shortly before announcements were made of costly delays to its Airbus A380 superjumbo launch almost two years ago.
The Stock Exchange announcement about the delays, when it was issued in June 2006, sent Eads shares crashing.
It later emerged that key personnel had offloaded shares prior to the declaration, causing a huge scandal.
The AMF has been examining how much the share sellers knew about the forthcoming announcement.
The regulator will now send its full findings to Paris prosecutors, while informing the accused and giving them a chance to respond.
Eads today defended its actions and said it would support its managers but warned the inquiry could have "significant consequences on its image and reputation".
Comments
Top stories in Business
Top stories in Business
-
London gets ready for the Diamond Jubilee - in pictures
-
EXCLUSIVE: I won't play with Joey Barton, says Adel Taarabt
-
Diamond Jubilee: Boat by boat, here is where to watch the Queen's Thames flotilla - VIDEO
-
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
-
News pictures of the day
-
Locked up and banned: The Tube drunk whose vile racist rant was caught on film (video)
-
London 2012 Olympics: Raising the bar and the Games haven't even started yet. Price of toasting Team GB is £6 a pint! -
Timebomb ticking in Thames Estuary could put Boris Island plans in jeopardy -
Regent’s Park rapist: Teenage jogger assaulted by stranger in terrifying 7am attack -
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party
The O2
Check out the cool stuff happening under our tent such as the hottest gigs, comedy, sport, films, clubs, bars, restaurants and much more.
A home to be proud of with Halifax
Download the Halifax's brilliant, free new Home Finder app, and take all the pain out of finding your dream home.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Win a Silverstone track day with Zantac 75
Feel the burn of a different kind - 20 Silverstone motoring experiences to be won
Celebrate with MARTINI®
This weekend toast one royal with another and make your Jubilee sparkle with a MARTINI Royale.
Reader Offers email A fantastic selection of
offers, giveaways and
promotions.
Why I think doctors are right to strike
Family pay tribute to the London man who gave his life to save a five-year-old girl from drowning
Eton schoolboys fly Games flag on Everest
Horror on the 5.53! Commuter dragged 200 feet after getting hand trapped on train
Shrimpy's - review