What does OPTARS stand for?

Management is confident that its actions to meet its liquidity and operating targets for the remainder of the year, including the following (i) the solicitation and sale of non-core assets as previously announced, (ii) re-negotiation of banking agreements and (iii) continuation of aggressive cost cutting initiatives, will return the company to a solid financial footing better poised to meet future growth opportunities.

If the immunoassay test kit business meets financial and operating targets, Inverness said it has agreed to buy the "Second Territory" of the rapid diagnostics unit, which sells to China, Latin America, South America, the Middle East, Africa, India, Pakistan, Russia, Eastern Europe and the Asia Pacific region.

The money can be drawn down over three years, provided the bank meets or exceeds predetermined operating targets and other benchmarks.

There are still gaps to be filled in its core spirits portfolio, which may be achieved through acquisition but market scepticism on its premium wines division is being overcome through the delivery of stated operating targets.

We exceeded a significant number of our operating targets including reprocessing,fuel production and electricity generation.

Chief executive Mike Parton said the group achieved all its operating targets during the year.

The upgrade comes hot on the heels of Insurance Australia Groups announcement that it was tracking ahead of operating targets because of the unusually good weather conditions.

The major central banks' operating targets have not changed over the past three months, but interst rate cuts in other countries have been common.