Battle is joined. The decision of the Aer Lingus board to recommend that its shareholders accept the bid from IAG, subject to certain conditions, means that the fight for control of Aer Lingus is now on in earnest.
The number of mortgages approved by British banks for house purchases in December was the lowest since April 2013, as the housing market continues to slow.
London landmark Centre Point, which stood vacant for a decade, is set to become the latest home for the world's super-wealthy after property group Almacantar unveiled plans to build apartments worth up to �50m at the site.
Waitrose expects to create 2,000 jobs in new shops and by expanding existing sites, the grocery chain has announced. The retailer is opening 14 new shops from the spring this year, half of them supermarkets, half smaller convenience outlets.
MOSCOW--The Russian ruble firmed slightly in early trade Tuesday after a sharp drop overnight driven by a downgrade of Russia's sovereign credit rating by Standard & Poor's Corp.