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”).


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.


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.


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.


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.


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.


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.


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.


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.


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

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Sage Group PLC (SGE)

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Monday 16 July, 2012

Sage Group PLC

Interim Management Statement

RNS Number : 7070H
Sage Group PLC
16 July 2012

The Sage Group plc Interim Management Statement

16 July 2012

The Sage Group plc ("Sage") is today issuing its interim management statement which covers the period from 1 April 2012 to date.

Financial Performance

Despite a toughening economic environment, trading remains broadly in-line with expectations at the time of the interim results announcement on 9 May 2012.

North America continued to demonstrate the sequential quarter by quarter improvement in trading which was anticipated to be a feature of the year.

The variable trading performance evident in the first half in Europe continued in the third quarter.  The UK and Ireland business demonstrated good growth although conditions in mainland European markets have toughened.  Overall performance in Europe has been flat and the anticipated improvement in growth over the first half has not yet materialised.

AAMEA continues to perform well, with growth driven by strong performances by South Africa and Australia.  The expansion into the wider African continent continues to be a feature of the South African growth whilst Australia continues to grow ahead of GDP.

Acquisition of Folhamatic Group ("Folhamatic")

On 28 June 2012, we completed the acquisition of a controlling interest in Folhamatic, a leading provider of accounting, tax and payroll and regulatory content software in Brazil for an expected total consideration of £125m (R$398m) for 75% of the equity.  Folhamatic has a leading market position in a large and growing economy and the acquisition represents an important step in building Sage's presence in a key emerging market. 

Financial Position

The Group`s strong operating cash generation has continued and, during the quarter, the return of the £200m proceeds from the disposal of Sage Software Healthcare LLC to Vista Equity Partners was completed, with 71m shares repurchased. As previously announced, the share buyback programme is continuing and, to date, a further 6.2m shares have been repurchased for a consideration of £17.6m.  Net debt at 30 June 2012 was £121.7m (£122.1m net cash at 31 March 2012).

Guy Berruyer, Chief Executive, commented:

"The main trends we highlighted at our interim results in May continue to be a feature of our trading performance.  Whilst we remain cautious on the outlook for Europe, and watchful of this region's economic climate, the strong fundamentals of our business model remain and we continue to make good progress in executing against our business priorities.  We look forward to tomorrow's investor day where we will be sharing our plans for the future growth of the business."

About The Sage Group plc

The Sage Group plc is the leading global supplier of business management solutions to small and medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has over 6 million customers and more than 12,300 employees worldwide. We operate in over 23 countries covering the UK, mainland Europe, North America, South Africa, Australia, India and China. For further information pleasevisit


The Sage Group plc +44 (0)191 294 3068

Guy Berruyer, Chief Executive
Paul Harrison, Cheif Finance Officer
Murdo Montgomery, Investor Relations

Tulchan Communications +44 (0)20 7353 4200

David Shriver
Lucy Legh


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