Infra.india Share News (IIP)

Estate agent Collier International's first half revenues were up 12% on last year, with the UK 15% ahead. Market conditions remain challenging, but there has been some improvement in transaction volumes leading to a strong end to the period, Colliers added. Chief Executive David Izett also wants to leave and the process has started to find a replacement. Digital Barriers has made an agreed cash offer for Coe Group worth 9p per share and £3.3m in total. Some 61.1% of Coe shareholders have already agreed to the bid.Infrastructure India's two investments continue to perform well, it says. NAV at end March was approximately £1.09. "While market conditions have remained difficult over the past twelve months, India's economy has continued to fare better than most and there remains, in our opinion, a strong investment case for Indian infrastructure," said chairman Rupert Cottrell. Fuel cell group ITM Power's full year loss to end April rose to £6.56m from £5.15m. "The development of hydrogen networks both in the UK and internationally is gaining traction and ITM Power is now involved in several key projects. The feedback from both the Hannover Messe and the NHA in California was very encouraging and initial interest in the product range bodes well for the future of the company," it said.Valve maker Mount says markets in Asia, Europe and the UK have been weaker than anticipated. As a result Mount's trading performance has been marginally behind management's expectations. A second half improvement will be depend on the timing of an upturn in demand from the international oil and gas markets.Financial services group STM says turnover for the first half of 2010 is expected to be materially up on the same period last year at approximately £4.65m (H1 2009: £4.13 million), reflecting a solid performance from the Group's core CTS businesses in Gibraltar and Jersey.Long suffering shareholders in London taxi maker Manganese Bronze received a welcome boost on Friday after the company announced what it termed a dramatic reduction in its operating loss in the first half of 2010.The operating loss before exceptional items was reduced by 29.9% to £1.0m from £1.4m in the first half of 2009. Loss before tax was sliced to £4.88m from £7.32m a year earlier, on revenue that eased to £0.92m from £1.04m.