Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Corin Group PLC (CRG)

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Wednesday 14 May, 2008

Corin Group PLC

Interim Management Statement

RNS Number : 4415U
Corin Group PLC
14 May 2008
 



14 May 2008


CORIN GROUP PLC 


Interim management statement 


Corin Group PLC (LSE: CRG, "Corin" or "the Group"), a leading manufacturer and supplier of orthopaedic devices, is today publishing an Interim Management Statement for the period from 1 January 2008 to 13 May 2008, including a notification of a reduction in Stryker's anticipated purchasing requirements of Cormet instrumentation and implants in the current financial year. 


Just prior to the Group's preliminary results announcement on 17 April 2008, Stryker confirmed to the Board of Corin the level of shipments of instrumentation and product that Corin should forecast to deliver to Stryker during 2008.  As previously announced Stryker's surgeon training programme during the first quarter of 2008 was slower than anticipated for a number of reasons, including the implementation of its non-prosecution agreement.  This had resulted in some shipments of instrumentation and product being rescheduled.  At the time of Corin's preliminary results in April, Stryker still expected the implantation rate to accelerate once its training programme for the second quarter of 2008 got under way.  


Corin has just been notified that Stryker expects to see a lower number of Cormet procedures carried out in 2008 than previously anticipated. The level of inventories currently held by Stryker means that Stryker does not now anticipate purchasing any further Cormet instrumentation and implants from Corin until December 2008.  


The Board, following consultation with Stryker, now expects that revenues from the US business for the year to 31 December 2008 are unlikely to be more than £10 million. 


The Group's business outside of the USA has continued to trade in line with the Board's expectations.  In the UK, the launch of the Metafix cementless stem and the Zenith mobile bearing ankle have contributed to modest growth, in line with the Board's expectations, over prior year.  In Germany, the launch of these products together with the Mini stem remains on course for later this year.  Sales in Japan, through the Group's direct sales force, have continued to show growth in line with the Board's expectations, as have sales in Australia.


Peter Huntley, Corin's Chief Executive commented


 "The lower level of anticipated sales to Stryker in 2008 is clearly disappointing but we, as does Stryker, remain confident that the potential for Cormet in the world's largest orthopaedic market is substantial."


Enquiries:


Corin Group PLC
 
 
Peter Huntley, Chief Executive
Simon Hartley, Finance Director
 01285 659 866
 
 
College Hill
 
 
Adrian Duffield
020 7457 2020


This information is provided by RNS
The company news service from the London Stock Exchange
 
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