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Economy11:48 · 10h ago

Tomer Food Appoints External Auditors Amid Reporting Delays

TheMarker
Translated & summarized from TheMarker by baba
The story · English

Tomer Food has appointed external auditors, Fahn Kanne and Haim Assia, to review its operations. The company has indicated that it will not be able to publish its reports on time, citing the need for this external review. This development comes as Phoenix Investments has issued an ultimatum to Arieli, demanding capital injection or facing the sale of its controlling shares in Elron.

In other business news, the Tel Aviv Stock Exchange, with the support of Bank Hapoalim, is launching a new index for Israeli companies located in peripheral areas. The artificial intelligence industry is facing a challenge, requiring more investment while high interest rates create a disincentive. Meanwhile, Europe's gas reserves are at a 13-year low due to the conflict in Iran and the approaching winter.

Additional reports cover various topics including what parents need to know about autism in 2025, investment opportunities in the Polish stock market, a guide to the S&P 500 index for Israeli investors, and the workings of a bank index ETF. The dollar-shekel exchange rate has seen six records in the past 30 years. Separately, a report questions the value of advanced math and computer science units in high school, calling them a "waste of time." An unnamed airline operating in Israel is facing severe criticism for poor service, including lack of air, service, and functioning windows. A widely used app in Israel has been blocked, reportedly causing significant disruption to users' lives. Finally, a story explores the mystery of the "missing sock" in laundry, and a new billionaire has emerged from the real estate sector, taking his company public. A map of data center connection requests across Israel, from IKEA to Big, has also been revealed.

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