A glance at some of the day s highlights from the Proactive Investors newswire
Powerhouse Energy Group PLC (LON:PHE) said a second site using its waste-plastic-to-hydrogen technology is to be developed by its partner, Peel L&P, at the Rothesay Dock on the north bank of the River Clyde in Scotland.
CentralNic Group PLC (LON:CNIC) reported higher earnings for the first quarter of 2021 as it said “significant investment” in its management, staff and systems had accelerated organic growth to record levels.
Chamberlin PLC (LON:CMH) said Kevin Price and Alan Tomlinson have taken up their positions respectively as chief executive and finance director of the specialist castings and engineering group.
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A look at some of the major movers in London on Tuesday
M&C Saatchi PLC (LON:SAA) climbed 12% to 143.5p after it raised full-year guidance after the first four months of the year exceeded expectations.
The advertising agency said new business performance has been robust.
The company also announced it has entered into a new revolving credit facility.
10.00am: Powerhouse surges as its partner chooses site for second plastic to hydrogen facility
Powerhouse Energy Group PLC (LON:PHE) improved 5.2% to 6.21p after it said a second site using its waste plastic to hydrogen technology is to be developed by its partner, Peel L&P.
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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,