Opg Power Share News (OPG)

IP security systems provider IndigoVision said improving operating margins for the year will help operating profits for the year to finish "materially ahead" of market expectations.The group said it experienced strong sales, particularly in the final month. As a result, it estimates turnover for the year to be approximately £26.3m, around 43% higher than the previous year. Vehicle tracking systems specialist Minorplanet said it will place £1.15m shares and open offer of approximately £2.1m along with a 1 for 20 share consolidation.'The Refinancing will allow us to ride the current economic storm and continue to build a platform for growth, targeting the large corporate sector as well as servicing our traditional SME customer base. The medium term prospects of the company remain healthy and we should be well positioned to take advantage of the upturn when it happens,' it said. Camco Group, a climate change and sustainable development business specialist, said maturing of the carbon portfolio with 30.9m risked tonnes are now through the critical stage of first independent verification. This represents a 69% increase since 31 March 2009 (of 18.3m).Miner Highland Gold produced 78,421 ounces of gold at the Mnogovershinnoye mine in Russia, during the first half of 2009, 14% more than the same time last year.The Novoshirokinskoye mine will be commissioned by 1 October. Full scale ore processing will start with the beginning of mining operations in January 2010.Half-year profit fell to £3m from £3.4m at NHS staff supplier Nestor Healthcare, but rose by £0.1m to £3.9m before exceptional charges.The group said its ongoing businesses continued to make progress in the six months ended 5 July. The Social Care business raised profit by £0.2m to £4.3m, while Primary Care made £1.7m, down from £1.9m in 2008.Technical and professional recruiter Matchtech has downgraded expectations for 2010 as it sees no sign yet of any pick up in permanent recruitment.Trading in the 12 months ended 31 July 2009 has been in line with expectations made at April's interims. Net Fee Income fell 9% to £30.2m following a 24% slump in the second half.Maple Energy has so far failed to find oil at its first well in the Santa Rosa oil prospect in Block 31-E in Peru, but will keep on drilling."While we are disappointed that there were no oil shows in the Cretaceous Period formation sands, we will continue drilling the Santa Rosa 1X Well as planned and are hopeful there may be commercial quantities of hydrocarbons in the Paleozoic formations," said boss Rex Canon.Genetix, which provides scientists with image analysis technology, demonstrated its resilience to the economic downturn by posting a 74% rise in pre-tax profits to £1.9m as revenue climbed 14% to £14.1m.Cosalt, which supplies oil and gas firms with safety equipment, is to raise about £17.1m through a placing and open offer to reduce its debt levels.Hydraulic platform specialist Lavendon has acquired rival EPL access for a total of £2.8m. Electronic payments specialist Earthport has signed a contract to provide its technology to global retail payments specialist M Cashback UK for remittances to bank accounts in over 50 countries. European newspaper group Mecom's losses jumped from €20.6m to €79.2m in the half year to June. Revenues fell to €750m from €922m. Advertising revenues were down 22% year-on-year on underlying basis in first half but there was a stabilising trend in evidence after low point in February. Adjusted net debt is €379m (30 June 2008: €703m; 31 December 2008: €683m).Investment trust Dunedin Enterprise's net asset value per share decreased by 5.8% to 408.3p per share in the half year to June. The interim dividend is 0.5p per share. Dunedin made new investment of £4.2m in the half year. In the six months to 30 June 2009, Dunedin Enterprise's unaudited net asset value decreased from £130.8m at 31 December 2008 to £123.2m, a movement of -5.8%. Indian power group OPG reports higher than expected prices being achieved for spot power sales. The group anticipates that trading conditions for power producers will not only continue to remain favourable in the medium term but may improve further as well. New Britain Palm Oil's interim profit before tax excluding IAS 41 (biological assets) fell to $41.9m (H1 2008 $68.1 m). Revenue were $161.5m (H1 2008: $175.9m).Chief executive Nick Thompson, said: 'New Britain Palm Oil enjoyed a good performance in the first half of 2009 but these results reflect lower world oil prices compared to the same period last year. World CPO prices have improved from the start of the year with good demand particularly from India. Whilst the price of palm oil products, like all commodities, is difficult to predict, stocks held in the global supply chain are still relatively low at one and a half months usage and we have made good sales into the second half and also into 2010.'