Nov 25, 2020

OPG Ventures an early riser thanks to payment collections A look at Wednesday's major share movers in the London Stock Exchange OPG Ventures PLC ( LON:OPG ) saw its shares rise by 7.4% to 13p in early trade on Wednesday as the Indian-focused energy firm said it has collected contractual claims payments from its customers under the power purchase agreements amounting to around £9.5mln (Rupees 0.9bn). The group said the contractual claims were accumulated over several periods and will be recognised as income in its full-year 2021 financial statements. It said the collection of these claims has strengthened the group's financial position and liquidity during these uncertain times caused by the coronavirus (COVID-19) pandemic. Elsewhere, SourceBio International plc ( LON:SBI ) rose 1% to 185p after renewing a key contract with Spire Healthcare as it revealed its revenues and earnings have grown significantly as a result of the “considerable ramp-up” in COVID-19 testing. The lab services and products group also told investors that it was in a “very strong position” for Public Health England’s (PHE) Lot 4 round to provide clinical diagnostic services – and it has submitted an updated application “beyond the original target of 10,500 tests per day”. The PHE the initiative will replace the Department of Health and Social Care’s programme under which SourceBio carried out 330,000 coronavirus tests. Add related topics to MyProactive