News

There were losses for OpSec Security today after the anti-counterfeiting technology firm said orders from a number of overseas public sector organisations had been delayed.

"We are also closely monitoring the slowing of consumer demand in certain markets and the potential impact of this on our brand protection business," said chairman David Mahony. "It is still too early to predict the impact, if any, of these factors on our anticipated results for the current year."

Telecoms network software supplier eServGlobal saw EBITDA for the full year rise 27.6% to A$24.2m on record revenue that increased 15.9% to A$177.9m. Dividend for the year was raised 50% to 3 Australian cents per share.

"We have again delivered outstanding growth, resulting from our technology advantage and our established position in the world's highest growth telecommunications markets," said the group.

"Our investment in new technology, particularly around mobile payments, gives us confidence of continuing our progress in FY09," it added.

Cadogan said the Kharkiv Appellate Administrative Court in Ukraine ruled in favour of the company, allowing its application to appeal against the Poltava Region Commercial Court's earlier written decision in respect of the Zagoryanska licence.

Independent International Investment Research (IIIR), which had its shares suspended last month, has parted company with finance boss David Ledsham.

The currency and global equity research firm has appointed 44-year-old Bob Mennie as its new finance chief and company secretary. Mennie comes from a currency management firm and has been FD at an AIM company.

It said the shares will remain suspended until it sorts out the dispute over the Gmail trademark and an intellectual property rights issue.