LONDON (ShareCast) - Property investment group CLS Holdings said property values will continue to soften in the near term, though it believes its current strategy will yield benefits in the future.

“The company is continuing to focus on its core property operations and as a result the vacancy levels in the portfolio are falling,” said the group.

“CLS intends to continue to sell selected properties in the UK, France and Germany so that the group is strongly positioned to take advantage of attractive purchasing opportunities that the board believe will arise in the future,” it said.

PR and marketing services group Freshwater UK saw pre-tax profits rise 50% in the first half and said it is well placed to deliver a good set of results for the full year.

Pre-tax profit rose to £455,869 in the six months ended 29 February compared with £304,477 last time, while revenue increased to £3.25m from £1.89m previously.

“The first two months of the second half have seen the enlarged business trading in line with expectations,” said chief executive Steve Howell. “Despite the current economic environment impacting on some housing clients, which is a relatively small proportion of our client base we continue to see growth in demand in the public sector, utilities, transport and technology sectors,” he added.

The first quarter has matched expectations at oil and gas explorer Aminex whose ongoing work programme will include drilling at Alta Loma and South Weslaco in Texas and in Egypt.

Further seismic surveys are also likely in Madagascar, Tanzania and Kenya, while a development plan will be prepared for the Kiliwani North-1 gas discovery in Tanzania once a full well test has been carried out.

Oil explorer Emerald Energy said pre-tax profit for the first quarter was $6.2m from $8.5m before on revenue, from oil sales, that fell to $12.9m from $44.3m.

"We are optimistic that our plans for the drilling of at least 4 exploration wells in the current year, financed by cash resources and strong cash flow from our production, will continue to deliver growth for the company and thus enhance shareholder value," said the group.

Meatpacker Hilton Food said trading for the 16 weeks ended 20 April has been in line with expectations, adding that it is confident that it is well placed going forward.

“Although raw material input prices are rising, red meat is relatively well placed compared with other food products and we continue to work with our customers to deliver products that offer quality and value,” said the group.

NXT rallied today after the flat speaker technology company said that wireless mobile phone accessories provider Parrot has launched a NXT-equipped Bluetooth hands-free kit.

“Each new NXT-based product introduction should be considered as another incremental step towards the company's objective of sustained growth and profitability,” said chief executive Peter Thoms.

Property development group Development Securities said it is progressing well in its main activity of mixed-use urban regeneration development despite the general uncertainties in the property marketplace.

Speciality pharmaceuticals company ProStrakan said trading in the first four months of the year was at the upper end of expectations.

The strong performance was helped by sales of products such as the rectal ointment Rectogesic and the nausea treatment Xomolix.

“ProStrakan has made an excellent start to the year in terms of product sales in Europe,” chief executive Wilson Totten said.

Domino's Pizza said it will move to the main market on 19 May 2008 from AIM. "AIM has served us well since 1999, and through this move to the official list we look forward to broadening our investor base further as we work towards our long term goal of 1,000 stores in the UK and Ireland," said chairman Stephen Hemsley.

The company is not raising any funds or issuing any new shares from the admission.

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