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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Mulberry Group PLC (MUL)

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Tuesday 23 October, 2012

Mulberry Group PLC

Trading Update

RNS Number : 2653P
Mulberry Group PLC
23 October 2012
 



Mulberry Group PLC ("Mulberry")

Trading update

Mulberry Group plc, the English luxury brand, is today updating the market on trading for the six months to 30 September 2012.

·     Total revenue of £76.5m, up 6%

·     Retail revenue of £46.5m, up 13% and up 7% like-for-like

·     Wholesale shipments to third parties of £30.0m, down 4%

Retail

Total retail sales increased by 13% compared to the same period last year:

·     UK retail sales were up 10% with UK full price sales performing in line with our expectations. UK off-price sales have remained weaker, however this primarily reflects a strategic decision not to make product specifically for the off-price business.

·     International retail sales, which are currently a small part of the business, were up 41%, but have not met our expectations for the first half of the year. However, we remain confident in our international expansion strategy and have recently opened stores in San Francisco, Washington D.C., Berlin and Frankfurt Airport.

Wholesale

Wholesale shipments were down 4% compared to the same period last year, reflecting three factors:

·     We have made a strategic decision to rationalise certain international wholesale accounts in order to improve the quality of Mulberry's distribution network. This will result in a reduction in wholesale sales in the current year, but is consistent with our long term strategy of growing brand value;

·     A more challenging external environment in Asia, resulting in cautious ordering by franchise partners; and

·     Tough half year comparatives which were boosted by the restocking of the wholesale channel last year.

Primarily due to lower wholesale revenue, Mulberry now expects Group revenue growth for the year to 31 March 2013 to be below market expectations. As a result of this, combined with the previously highlighted investment being made in international retail expansion, we now expect full year profits to be below last year.  However the business continues to be strongly profitable and generate significant cash to fund our future expansion.

Bruno Guillon, Chief Executive Officer, commented:

"Mulberry's core UK retail business and key wholesale accounts continue to perform well in the context of a more challenging external environment. Although international retail sales are behind expectations, newly opened stores are performing satisfactorily and we are on track to open our target of 15-20 stores during 2012/13. The steps we have taken to improve the quality of Mulberry's distribution network in both the retail and wholesale channels will result in the short term slowing of sales growth. However, we firmly believe these steps are in the long term interests of building Mulberry into a global luxury brand.

The Mulberry brand continues to gain recognition globally and we remain very confident in the outlook for the business. We continue to focus on creativity, craftsmanship and quality and in this context will start the construction of our second UK factory within the next few weeks."

Revenue by channel

 

Six months to 30 September

£ million

2012

2011

% change

Retail

46.5

41.0

+13%

Wholesale

30.0

31.3

-4%

Total

76.5

72.3

+6%

 

Revenue by region

 

Six months to 30 September

£ million

2012

2011

% change

UK

47.5

42.9

+11%

International

29.0

29.4

-1%

Total

76.5

72.3

+6%

 

For further details please contact:

 

Pelham Bell Pottinger

Dan de Belder

 

0207 861 3232

Altium

Ben Thorne / Katherine Hobbs

 

0207 484 4040

Barclays

Jon Bathard-Smith / Nicola Tennent

 

0203 134 9803

Mulberry Investor Relations

Amelia Fincher

0207 605 6771

 


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