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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Marks & Spencer Grp (MKS)

  Print      Mail a friend       Annual reports

Tuesday 10 July, 2012

Marks & Spencer Grp

1st Quarter Results

RNS Number : 2876H
Marks & Spencer Group PLC
10 July 2012
 



Issued: 10 July 2012

                                                                   

MARKS AND SPENCER GROUP PLC

QUARTER 1 2012/13 INTERIM MANAGEMENT STATEMENT

13 weeks to 30 June 2012

 

·   Group sales                                  -0.7% *

·   Total UK sales                              -0.9%:Food +2.9%; GM -5.1%

·   Like for like UK sales                   -2.8%:Food +0.6%; GM -6.8%

·   Multi-channel sales                       +14.9%

·   International sales                        +0.9% *

 

* Stated on constant currency basis. International sales at actual currency were -3.5% as a result of the weakening Euro exchange rate.

 

Marc Bolland, Chief Executive said:

"Our Food business has again performed strongly. General Merchandise underperformed in a difficult trading season. We are confident we are taking the necessary steps to address this.

 

"We are pleased with the performance in Multi-channel and our key International businesses, which are continuing to make good progress."

 

Trading summary

Our Food business performed well, despite a tough market and challenging comparatives. We maintained our focus on freshness, speciality and convenience. We continued to lead the way with high quality, first to market products, launching over 700 new products, including over 200 British inspired lines. Customers once again placed their trust in us at special times of the year, celebrating the Jubilee weekend in style with M&S products. At a time when value is front of mind for our customers, we launched 'Simply M&S', a range of c. 800 lines highlighting the great value we offer on everyday basics, without compromising on quality.

 

Clothing sales continued to be impacted by the merchandising issues in our Spring/Summer collections reported in April, but we have taken steps to strengthen the team, improve our buying and merchandising, and bring stock back on target for the Autumn/Winter season, which launches in stores later this month. The clothing market continued to be highly promotional throughout the quarter, especially in womenswear, in part due to unseasonal weather conditions. This affected categories such as casual tops, which, given our high market share, are key performance drivers at this time of year. The strongest performing categories in the last few weeks included Coats, Jackets and Hosiery, and we also saw a good performance in Indigo and Schoolwear. We offered customers better value, and more choice at the 'Good' end of the product range which traded well.

 

In Home our key departments of kitchens, bedrooms and bathrooms delivered a positive performance. Other sales continue to be impacted by our decision to withdraw from technology as well as weak demand for big ticket items. 

 

We continue to make good progress with the roll-out of our new store concept, which is being delivered on plan and on budget.

 

Multi-channel performed well with sales up 14.9%, ahead of the market. We launched a number of new initiatives aimed at improving our customers' shopping experience, including the re-launch of our mobile website. 

 

Our key International markets in India and China continued to trade strongly with double digit growth. However, sales were impacted by currency translation of Euro denominated countries as well as continued macro-economic weakness in the Republic of Ireland and Greece and on-going restructuring of our Central European business.

 

Guidance

Existing guidance for the financial year 2012/13 remains unchanged.

 

Outlook

While we expect the short term trading outlook to continue to be challenging, we are making strong progress against our goal of becoming an international, multi-channel retailer.

 

Marks and Spencer Group plc will report its half year results for the 26 weeks ending 29 September 2012, on 6 November 2012.

 

Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences and prospects are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect Marks & Spencer's current expectations concerning future events and actual results may differ materially from current expectations or historical results. Any such forward-looking statements are subject to various risks and uncertainties, including failure by Marks & Spencer to predict accurately customer preferences; decline in the demand for products offered by Marks & Spencer; competitive influences; changes in levels of store traffic or consumer spending habits; effectiveness of Marks & Spencer's brand awareness and marketing programmes; general economic conditions or a downturn in the retail or financial services industries; acts of war or terrorism worldwide; work stoppages, slowdowns or strikes; and changes in financial and equity markets.

 

- Ends -

For further information, please contact:

 

Investor Relations:    

Majda Rainer             +44 (0)20 8718 1563

Richard Harris           +44 (0)20 8718 9688

 

Corporate Press Office:       +44 (0)20 8718 1919

Out of hours calls:                  +44 (0)20 8718 2000

 

Investors & Analysts Conference Call:

This will be hosted by Marc Bolland at 08:00am on Tuesday 10 July 2012:

Dial in number:                      +44 (0)20 8515 2334

 

A recording of this call will be available until 21 July 2012:

 

Dial in number:                      +44 (0)20 7959 6720

Access Code:                       4548548#

 

 


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