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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Stagecoach Group PLC (SGC)

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Tuesday 30 October, 2012

Stagecoach Group PLC

Trading Statement

RNS Number : 7912P
Stagecoach Group PLC
30 October 2012
 





30 October 2012

 

Stagecoach Group plc

 

Trading update

 

Stagecoach Group plc ("the Group") is today providing an update on trading in advance of a series of meetings with analysts.

 

Financial performance

 

The overall profitability of the Group has remained good, and there has been no significant change to our expected Group profit before tax for the year ending 30 April 2013.

 

Like-for-like revenue growth for the financial year to date in each of the Group's main businesses is provided below.

 

UK Bus (regional operations)           - twenty four weeks ended 14 October 2012                                                 3.6%

 

UK Bus (London)                                 - twenty four weeks ended 14 October 2012                                                 (0.9)%

 

UK Rail                                                  - twenty four weeks ended 14 October 2012                                                 7.9%

 

North America                                      - five months ended 30 September 2012                                                      10.7%

(including Megabus.com, excluding disposed Wisconsin school bus business)

 

Virgin Rail Group                                  - twenty four weeks ended 14 October 2012                                                 2.7%

 

The like for like revenue growth of 3.6% reported for UK Bus (regional operations) excludes the revenue earned from the contracts to provide transport for the London 2012 Olympics.  The growth figures do, however, include any indirect incremental revenue at UK Rail and UK Bus (London) related to the London 2012 Olympics.

 

The 0.9% decline in revenue at UK Bus (London) is consistent with our previous expectation that some less profitable contracts would not be retained as we restructured the acquired business and improved its overall profitability. This reflects the revenue lost from contracts that ended during the year to 30 April 2012. For the year as a whole to 30 April 2013, UK Bus (London) is well placed to maintain revenue with contract losses being offset by some contract wins and inflationary price increases on existing contracts.

 

Financial position

 

In October 2012 the Group issued US$150m of loan notes in a private placement transaction with United States investors, which will mature in October 2022.  The funds raised by the issue were used to repay the bank loans that were initially drawn to finance the July 2012 acquisitions from Coach America and accordingly the headroom available under existing bank facilities has increased.  Further details are given in the announcement made by the Group on 19 October 2012.

 

Other events

 

Rail franchising

 

On 3 October 2012, the Department for Transport ("DfT") announced that the competition for the InterCity West Coast Rail franchise had been cancelled and that the DfT planned to conduct two independent reviews into both the specific InterCity West Coast competition and rail franchising more widely.  The Group welcomes the opportunity to participate in these reviews where appropriate.

 

Twin America

 

As previously reported, the United States Department of Justice and the New York Attorney General's Office are reviewing the Twin America joint venture, which was formed by Stagecoach North America and City Sights in 2009.  We understand that the authorities are now well progressed with their reviews and will shortly decide what, if any, further steps they intend to take.  Discussions between the joint venture parties and the regulatory authorities are ongoing.

 

Outlook

 

Overall current trading remains good and the prospects for the Group remain positive.

Interim results

 

The Group plans to announce its interim results for the six months ended 31 October 2012 on 5 December 2012.

 

 

 

 

 

For further information, please contact:

 

Stagecoach Group plc                                                                                        www.stagecoachgroup.com

 

Investors and analysts

Martin Griffiths, Finance Director                                                                      01738 442111

Ross Paterson, Director of Finance & Company Secretary                        01738 442111

 

Media

Steven Stewart, Director of Corporate Communications                            07764 774680

 

 

Notes

 

(1) Like-for-like revenue growth is derived, on a constant currency basis, by comparing year-to-date revenue with the equivalent prior year period for those businesses and individual operating units that have been part of the Group throughout both periods.

 

(2) This announcement contains certain forward-looking statements with respect to the financial performance, financial position and businesses of Stagecoach Group plc. These statements and forecasts involve risk, uncertainty and assumptions because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are made only as at the date of this announcement. Except as required by law, Stagecoach Group plc has no obligation to update the forward-looking statements or to correct any inaccuracies therein.

 

 

 


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