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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Wednesday 02 October, 2002



02 October 2002

Embargoed until 9.00am

2 October 2002

                                           COPPER TUBE

IMI plc, the major international engineering group, today announces the sale of
its Copper Tube business.  The business is being acquired by KM Europa Metal AG
(KME) which is based in Osnabruck, Germany. KME's controlling shareholder is GIM
/SMI, which is quoted on the Italian Stock Exchange. The total consideration is
£12.8m payable in cash on completion, which is expected to take place within the
next three months.  The purchase will require regulatory clearance in Germany.

For the year ended 31 December 2001 the Copper Tube business, whose main
operating unit is located in Kirkby, England, had sales of £93m and operating
profit (before rationalisation costs and goodwill amortisation) of £1.7m.  The
value of the assets to be transferred is approximately £24m. No financial
indebtedness will be transferred.

This disposal follows the disposal in August of the Copper Fittings business to
Aalberts Industries NV for £65m. It is a further step in the execution of IMI's
strategy to focus on areas that offer the strongest long-term prospects for
growth - namely Fluid Controls and Retail Dispense. The proceeds will be
reinvested in growing  IMI's business in these areas.

IMI's Chief Executive, Martin Lamb, commented, 'As was the case with Copper
Fittings, I am very pleased that, in KME, Copper Tube has been acquired by a
well-established European industry leader.

The disposal of our remaining copper business represents a significant milestone
in the repositioning of IMI. On completion of this deal we will have exited from
copper tube and fittings for combined proceeds of around £78m. '

For further information contact:

Graham Truscott                                   Tel:  0121 332 2330
Communications Director
IMI plc

Ben Padovan                                       Tel: 020 7950 2800
Weber Shandwick Square Mile

Information about IMI plc can be found on the website:
Information about KM Europa Metal AG can be found on:

Note to editors:

IMI plc is a dynamic international engineering business specialising in
innovative solutions and services for a wide range of industrial and retail
customers.  Its future growth is being built on the two business areas of Fluid
Controls and Retail Dispense.

IMI's operations in these two business areas share the following core
characteristics: strong market positions in growing markets; the ability to be
clearly differentiated from their competitors through technological innovation
or after-sales service; and the provision of 'added value' solutions through
bespoke solutions rather than a high manufacturing or material content.

IMI is quoted on the London Stock Exchange and is capitalised at approximately
£1 billion.

KM Europa Metal AG is one of the largest manufacturers of copper and copper
alloy products with production facilities in Germany, France, Italy, Spain and
China.  KME was formed through the merger of three long-standing companies in
the European copper Industry: Europa Metalli S.p.A. (Italy), Trefimetaux S.A.
(France) and KM-kabelmetal AG (Germany).  KME's controlling shareholder is GIM/
SMI.  KM Europa Metal AG, run by a European management team from Germany, has
four divisions: Brass Rods, Tube Systems, Special Products and Rolled Products,
together with a full-service world-wide sales network.

                                    - Ends -

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