CTI.L Share News (CTI)

Property investment group CLS Holdings said its underlying profit continues to be resilient, with stable net rental income, high debt collection rates, and tightly controlled costs.'With significant resources at its disposal the company is well placed to take advantage of investment opportunities as they arise,' said executive chairman Sten Mortstedt.Hardy Underwriting Bermuda said it is continuing to deliver 'the strong results our shareholders have come to expect'. Chairman David Mann said: 'Our diversified portfolio, coupled with our proven underwriting skills, is critical to the ongoing strong performance of the group. We continue to deliver the strong results our shareholders have come to expect from us.'Cathay International Holdings, which invests in the Chinese pharmaceutical and healthcare sector, plans to raise about £26.8m via a share placing.IRP Property is looking for opportunities to spend its £15m war chest, particularly to increase weightings to the out of town retail sector. Its portfolio increased in value by 1.9% over the quarter to September, which together with an income return of 2.0%, produced a total return of 3.9%. NAV rose by 1.1% to 73.7p.Industrial properties produced the best returns in the quarter of 5.6%, mainly as a result of strong performance from the 3663 Distribution unit in Banbury, which increased in value by 8.2% to £15.05m Voids fell to 2.4% compared with 5.7% at 30th June.Shares in AIM-listed resort developer Minoan shot forward as it agreed to acquire licences to develop two solar energy projects in Greece.The overall cost of these initial projects will be in the region of €800,000, and it is envisaged that funding for this development will be provided from a mixture of equity and debt.Minoan is also "in substantive discussions regarding a number of potential additional transactions both in Minoan's core leisure business and in its newly established solar energy operations".Enterprise software group Strategic Thought says delays of three days in signing the 2nd phase of an ongoing large scale deployment of Active Risk Manager at the United States Air Force hit first half sales.Without the delay, Strategic would have delivered total licence sales for the half year to September of £2.31m. Continuing revenue grew by 3% to £3.58m (2008: £3.46m). The Group's loss before tax was £0.77m (2008: loss before tax of £0.46m).AIM-listed Australian energy company Altona Energy has entered into a non-binding agreement with CNOOC New Energy Investment to evaluate the commercial potential of Altona's Arckaringa project.CNOOC-NEI, a subsidiary of China National Offshore Oil Corporation (CNOOC), will fund a bankable feasibility study for the Arckaringa project in South Australia and will act as the operator on the project, in return for a 51% interest in the exploration licences of Altona subsidiary Arckaringa Energy.Broadband satellite operator Avanti Communications has signed a three year virtual network operator agreement with Spanish company Digisat Media. The contract is the first to use Avanti'ss HYLAS (highly adaptable satellite) capacity to distribute radio station content to local broadcast hubs across Spain.Lower interest on its clients' deposits hit half year earnings at fund manager Rensburg Sheppards. Pre-tax profits fell to £12.5m from £16.4m on revenues of £51.6m down from £57.5m. Funds under management were £12.1bn at end September against £10bn at end March. The interim dividend is maintained at 8.5p.