LONDON (ShareCast) - Blinkx, Autonomy’s demerged video search business, expects interim results ahead of the top end of analysts' forecasts after a strong first half.

“We're very pleased with our strong debut and anticipate that our results will be ahead of the top end of analysts' forecasts,” said chief executive Suranga Chandratillake. “Our markets are growing extremely rapidly as on-line television becomes an integral part of daily life,” he added.

Wave power station group Ocean Power Technologies gained after announcing that it has received additional funding of $1.9m for its on-going US Navy contract to install its PowerBuoy systems off the Hawaiian island of Oahu.

The additional contract award will primarily support the testing and monitoring of the next PowerBuoy system to be deployed at the offshore site. The project is for the installation, testing and grid connection of multiple PowerBuoys off the Marine Corps Base in Hawaii at Kaneohe Bay.

Electronic components distributor Abacus expects full-year results to be in line with expectations. “Trading conditions remain as reported earlier in the year and are in line with industry data that has been reported in the European markets in which Abacus operates,” said chief executive Martin Kent.

“As a consequence the board expects financial results to be broadly in line with its expectations for the full year,” he added.

Finance Ireland was lower after it announced the sale of its minority stake in Nua Homeloans to Investec. “Nua is a very successful originator of mortgages in the Irish market,” said chairman and chief executive Billy Kane.

“However, given the current uncertainties in the securitisation market, the directors believe it is not in the best interest of shareholders to provide an open ended commitment of future capital to this business,” he added.

Internet-based telephony group Coms's user minutes have gone up by over 80% in the last quarter and the group's revenues are ahead of the management's forecast for the current quarter.

"The resources of Coms and expertise of the management team is giving confidence to internet telephony (VoIP) product manufacturers to distribute their products through this specialist Vcomm channel," said Jason Drummond, executive chairman.

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