Business news for Mon, 24 Dec 2007 & with words prices+received. 2 news.

UK Coal Plc, Britain's largest supplier of the fuel, advanced the most in more than seven years in London trading after it received an approach for its mining and power generation assets. Austria's Meinl International Power Ltd asked for a meeting with UK Coal or its advisers next year, the Sunday Times said, citing a letter Meinl sent to the mining company. Discussions aren't expected, Doncaster, England-based UK Coal said yesterday in a statement distributed by the Regulatory News Service, according to Bloomberg News. It didn't identify who made the approach. The shares jumped as much as 23 percent. "There's a lot of value to be had from the mining business and I'm not certain an offer would reflect that potential," Charles Kernot, an analyst at Seymour Pierce in London, said in an interview. "UK Coal has looked into splitting the property and mining businesses and concluded that it's not in the best interests of shareholders." Coal prices have risen to

CATHAY Pacific Airways Ltd said yesterday it had received a formal letter of complaint from European Union regulators investigating allegations of price fixing in the air cargo business. The EU and the United States have been investigating more than a dozen airlines since at least early 2006 to discover if there was collusion in the air cargo industry to fix prices on surcharges for fuel, security and insurance. The European Commission said on Friday it had sent out Statements of Objections to a number of airlines, but did not name them. British Airways, Air France-KLM, and Scandinavian airline operator SAS Group later confirmed they had each received a letter. Cathay said it was reviewing the letter with its legal counsel and would make a "timely response" to the objections. "It is a lengthy and complex document, and only sets out the (regulator's) preliminary findings resulting from its investigation into the air cargo sector of the aviation industry. The