BAE hit by Airbus delay

BAE Systems was caught in the fall-out today after last night’s warning from Airbus that deliveries of its new A380 superjumbo had been put back.

Shares in EADS, which owns 80% of Airbus, lost around a third of their value in Paris today, while BAE was affected as investors feared it may end up with less money from the planned sale of its 20% stake in Airbus.