PRESS DIGEST - Financial Times - Feb 22 =10

Shares in Invista (IFD.L: Quote, Profile, Research, Stock Buzz) gained 9.25 pence at 69.25 pence on Thursday as the property fund manager reported a doubling of pre-tax profits in the year to December 31 from 22.5 million pounds to 48.6 million pounds on income 65 percent improved to 74.6 million pounds. The growth came despite a decline in the size of assets under management from 9.2 billion pounds to 8.7 billion pounds. Warning that the outlook for UK commercial property remained challenging, chief executive Duncan Owen stated, "In this environment, we expect some moderation in the financial performance of the business. Performance fees will be lower in 2008." Invista is developing a number of new funds targeting Europe, Asia and the residential sector.

Prepared for Reuters by Durrants.