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Shefa Gems Ltd to become tech cash shell

Follow John on: A look at some of the major movers in London on Tuesday Shefa Gems Ltd (LON:SEFA), up 56% at 3.5p, had a sparkling day after it announced a sharp change of direction. Previously the company has been focused on exploration and development of multi-gemstone mining projects in Israel but it wants to distribute the company s current mining business to all of the company s existing shareholders via a dividend in specie, raise news funds and look for acquisitions in the web technology and software sector. This combined transaction we are asking shareholders to approve … is the result of lengthy negotiations, which were carried out under a number of key objectives, including both the benefits for the company and its shareholders (including, promoting profitability and new opportunities in a rising sector using the Israeli innovation opportunities, closing burdensome liabilities, cutting costs, and also preserving the shareholders holdings in the gem mining in Israel,

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FTSE 100 off the top and back below 7,100

FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower Companies Follow John on: FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern FTSE 100 rises 58 points US indices mixed as Nasdaq slides Asia-focused banks suffer 5.15pm: FTSE can t quite reach 7,100 London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FT

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FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower

FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower Companies Follow John on: FTSE 100 ends higher but doesn t crack 7,100; US markets mixed after Nasdaq reverses course lower Helped by the weakness of sterling, the FTSE 100 posted decent gains Manufacturers are going full-pelt but rising input prices are a concern FTSE 100 rises 58 points US indices mixed as Nasdaq slides Asia-focused banks suffer 5.15pm: FTSE can t quite reach 7,100 London s leading index closed Tuesday up 58 points, 0.8%, at 7,080, while the FTSE 250 gained 191 points, 0.8%, to end at 22,875. US and UK investors have returned from their holiday in bullish form, picking up where they left off on Friday, IG Chief Market Analyst Chris Beauchamp wrote. Growth sectors such as health care and tech stocks continue to struggle compared to the cyclical areas such as mining and banking, while in the UK commodity prices have driven the gains for the FT

Tennant creekNorthern territoryUnited statesUnited kingdomRiver clydeRio tintoCity ofBarima wainiRothesay dockWest dunbartonshireBjarne schieldropOle hansenHargreaves lansdownIain rossKing kongAlan tomlinson

Chariot Oil & Gas PLC adds renewables edge to portfolio

Chariot Oil & Gas PLC adds renewables edge to portfolio
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Proactive weekly oil & gas highlights: 88 Energy Ltd, Touchstone Exploration Inc, ADM Energy PLC, Bahamas Petroleum Company PLC, Chariot Oil & Gas Limited, Union Jack Oil PLC

Proactive weekly oil & gas highlights: 88 Energy Ltd, Touchstone Exploration Inc, ADM Energy PLC, Bahamas Petroleum Company PLC, Chariot Oil & Gas Limited, Union Jack Oil PLC
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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