EADS saw its share price stumble by 7.74% last week, to €12.16

As its win of a multibillion-dollar tanker contract in the US is called into question, EADS saw its share price stumble by 7.74% last week, to €12.16. This latest bad news has actually added up to the A400M delays and the ongoing AMF probe into alleged insider trading, comments Le Figaro Magazine, which says “turbulences are in sight” for the company. In this context, the top management is under growing pressure, adds the weekly magazine, and Louis Gallois is “more and more isolated”. The representatives of the French shareholders –namely Arnaud Lagardere and Dominique d’Hinnin for the Lagardere group and Michel Pebereau-, indeed, reportedly did not show up to the last EADS board meeting. Meanwhile, observers say Daimler could start urging German Chancellor Merkel to allow it to take a “swift and honourable exit”. Le Monde, Le Figaro Magazine (28/06), Borsen-Zeitung (28/06)