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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Tuesday 01 May, 2001


EMI Merger/Trading Update

1 May 2001

                      EMI TRADING UPDATE

LONDON, 1 MAY 2001 - EMI Group plc ('EMI') today announces
that  it  has  agreed with Bertelsmann AG to  end  discussions
about   a  possible  merger  of  its  music  businesses   with
Bertelsmann Music Group ('BMG').

Over the past five months, the two companies have conducted  a
rigorous  assessment of alternative structures  and  antitrust
remedies.   It  has  not  proved  possible,  in  the   present
regulatory environment, to construct a combination which  both
creates significant value for shareholders and also has a high
likelihood  of approval from antitrust authorities  in  Europe
and  the  USA.  Both companies feel that  it  is  not  in  the
interests  of shareholders, artists or employees to allow  the
uncertainty to continue.

EMI's  costs for the work to date are not material  and  there
will  be no further provision for deal costs beyond that  made
at the half year.

EMI's  trading results for the 12 months ended 31  March  2001
will be presented in detail on 22 May. However, the company is
pleased to provide an early indication of the outcome for  the
year. Based on unaudited results, group sales improved by  12%
to  almost  £2.7 billion and group operating profit (excluding
associates  and  HMV) increased by 14% to  approximately  £330
million.  Adjusted  profit  before  tax  increased  by  6%  to
approximately 260 million.

EMI Group Chairman, Eric Nicoli, said:
'After exhaustive analysis and discussion, we have been unable
to   find  a  deal  with  Bertelsmann  which  works  both  for
shareholders and for the regulators.

'We are, nevertheless, excited about EMI's future.  We are the
world's  third  largest record company and the  largest  music
publisher and we will continue to take bold steps to build our
business.   EMI  has good momentum and the recent  signing  of
superstar Mariah Carey, the appointment of Andy Slater as  CEO
of   Capitol   Records  and  the  creation  of  the   MusicNet
partnership,  will  all contribute to the next  phase  of  our

'I  am  delighted that we have produced very good results  and
further  strengthened  our  business  despite  the  inevitable
distractions over the period of merger discussions.

'Finally,  I  want  to say that our dealings with  Bertelsmann
have  been  constructive  and  friendly  throughout.   A  very
positive  relationship has developed between our two companies
and I wish the Bertelsmann team well for the future.'


Contact: Amanda Conroy, EMI Group, London tel: + 44 20 7667 3216
         Patrick Handley, Brunswick Group, London tel: + 44 20 7396 5395