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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Manganese Bronze. (MNGS)

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Tuesday 14 August, 2012

Manganese Bronze.

Delay to Half-Year Results Announcement

RNS Number : 9515J
Manganese Bronze Hldgs PLC
14 August 2012

Manganese Bronze Holdings PLC

14 August 2012

Delay to Half-Year Results Announcement

Further to its announcement of 19 July 2012, Manganese Bronze Holdings PLC ("the Group") announces that it is delaying the release of its unaudited half-year results for the six months ended 30 June 2012 from 20 August due to the need to restate prior years' financial results because of accounting errors that have come to light. The half-year results will be announced on or before 24 September 2012.

In August 2010 the Group introduced a new integrated IT system to help to manage the increasingly complex global supply chain and uploaded the closing general ledger balances from the previous IT system.   Due to a combination of system and procedural errors, a number of transactions relating to 2010 and 2011 and some residual balances from the previous system were not properly processed through the new IT system.  This problem led to the over-statement of stock and under-statement of liabilities in the financial statements of previous years.  The cumulative effect of these errors is an estimated £3.9m understatement of historical losses which go back over several years although the work to apportion the loss between previous years is not yet complete.  In accordance with the provisions of IAS 8, the balance sheet at 31 December 2011 and the financial results for 2011 and prior years will have to be restated.


Trading in the first seven months of the year has been difficult and remains challenging with the Group continuing to trade at a loss.  As announced on 17 May 2012, sales for the first half were lower than in the comparative period in 2011 and the Group currently expects to report net losses for the first half that are substantially higher than reported last year.  The Group is expecting higher sales in the second half but does not know at this stage if results for the full year will be in accordance with market expectations.


As at 30 June 2012, the Group had £2.8m of headroom on its agreed banking facilities and continues to enjoy the ongoing support of its bankers and Geely.


For further information, please contact:

Manganese Bronze Holdings PLC

John Russell, Group Chief Executive

Tel: +44 (0) 24 7657 2108

Peter Johansen, Group Finance Director

Tel: +44 (0) 24 7657 2214

FTI Consulting

Nick Hasell

Tel: +44 (0) 20 7269 7291

Grant Thornton UK LLP

Colin Aaronson/Melanie Frean

Tel: +44 (0) 20 7383 5100


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