TV programme maker Boomerang has "reduced materially its expectations" for the year to May after a number of contracts started late. These contracts will now be recognised in the year ending 31 May 2011. In addition, benefits expected from the accelerated investment into programme development have also been delayed, teh firm said.Media group Galleon Holdings has launched its online operations in China. These online operations will generate revenues for the group from online advertising, 'direct to consumer' activities derived from online games operations and from managing mobile games portals.Eruma subsidiary, Security Blinds is to install blinds at a major international organisation in the Middle East. The contract is worth about $193,000 and will provide enhanced bomb-blast protection for a secure and prestigious facility in Beirut, Lebanon.Heavy plastics maker British Polythene said trading remained difficult though it has seen some recovery in demand, with volumes up 5%. European Goldfields saw pre-tax losses widen to $5.82m in the quarter ended 31 March compared with $3.98m last time.Meatpacker Hilton Food said it is encouraged by its start to the current financial year and has been trading in line with expectations.Shares in oil group Exillon Energy jumped after it said it found oil at its EWS field in Russia.Shares in training and e-learning group Intellego fell back after it said that it would implement a voluntary arrangement to deal with a £1m backlog of liabilities, including loans.A voluntary arrangement is a means for a company to deal with debt problems without declaring bankruptcy.
