Aer Lingus plea over takeover bid

Aer Lingus has published a 30-page circular calling on its shareholders to reject a revised takeover bid by rival airline Ryanair.

As the former state carrier reported an operating loss of 4.4 million euro (£3.4 million) in the first six months of the year, it again claimed the offer undervalues the business. Ryanair offered 1.30 euro (£1.02) a share.