Good Week  

Elbit systems, which has won a listing on Nasdaq’s new market tier, the Global Select Market. The Israeli defence electronics manufacturer had previously been listed on the Nasdaq National Market. Nasdaq says the new classification, which began at the start of July, is for “companies that meet the highest listing standards in the world, with measures including market value, liquidity and earnings”. The Israeli company’s shares traded up to close at $26.81 on 5 July.

 

Stork, whose share price has tumbled by more than €5 ($6.25) after the company announced it would remain publicly listed following an “intensive” study costing up to €20 million failed to find a buyer. Chief executive Sjoerd Vollebregt says Stork “will again devote our full time and efforts to further value creation for the shareholders”, adding: “Quite simply, no match is at present possible between our profile and the return requirements of the interested parties.”

Bad week 

“People ask me what I think about the Airbus A380, and I say come back in 2020 because we’ll know the answer by then.”

John Rose, chief executive of UK manufacturer rolls-royce, on how it takes many years to break even on a new engine programme

Sir-John-Rose 

Source: Flight International

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