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.

 Information  X 
Enter a valid email address

Havelock Europa PLC (HVE)

  Print      Mail a friend       Annual reports

Friday 24 June, 2005

Havelock Europa PLC

AGM Statement

Havelock Europa PLC
24 June 2005

                              HAVELOCK EUROPA PLC
                                 AGM STATEMENT

                           Group on target to deliver
                         further good progress in 2005

At this afternoon's AGM of Havelock Europa, the educational furniture and
supply, point of sale display and retail interiors group, the Chairman, Malcolm
Gourlay, made the following remarks with regard to current trading and

'Trading for the first six months of the year is expected to be in line with
budget, with a sound performance from Point of Sale Display, an improved
contribution from the Retail Interiors Division and a somewhat slower than
anticipated period for sales in the 'direct to schools' sector of education

Within the Point of Sale Display Division our investment programme continues. A
new high volume digital printing press is being installed at Hartcliffe, in
Bristol. This will confer significant advantages in the production of point of
sale ticketing, both for our customers and ourselves, in terms of speed and
collation, once it has been commissioned in the autumn.

In the Retail Interiors Division, the level of activity has been strong, despite
the reported slow down in the High Street. A particularly high level of
enquiries has been received from the financial services sector. The prospects
for this business are likely to continue to improve throughout this year as a
result of a successful diversification of the customer base and the recent entry
into the healthcare and accommodation services markets.

Whilst PFI sub-contractor business will show an improvement in overall activity
this year, ESA McIntosh, the UK market leader in science laboratories and fitted
furniture for schools, has started the year more slowly than expected. Despite a
brisk level of enquiries from Local Authorities and direct from schools, the
volume of actual orders to date has been slower than last year, in that sector
of the market. After a particularly slack period around the time of the General
and Local Elections, orders and enquiries have picked up sharply in the last few
weeks. We are confident that this improvement will continue.

TeacherBoards, which was acquired last June, has made a strong start to the year
with business for the first five months ahead of budget.

Clean Air, acquired last July, has had a more modest start to the year, stemming
largely from the slower than anticipated activity in the schools refurbishment
market, outlined before.

The Group has continued to strengthen its senior management team and, over the
next quarter, it is intended to consolidate further the synergies available
between education, healthcare and retail interiors, with a reapportionment of
responsibilities. This restructuring is expected to produce an optimal use of
the Group's assets as well as providing improved customer service and a launch
pad for the further significant growth expected over the next two years.

The Interim Results for 2005 will be the first financial statements prepared in
accordance with International Financial Reporting Standards. The key differences
between UKGAAP and IFRS were outlined in the 2004 annual report. The requirement
under IFRS to recognise revenue after installation will result in timing
differences in the recognition of revenue on education supply and fit contracts
and this will increase the seasonal bias towards the second half of the year.

The Board remains optimistic about the growth opportunities in the markets in
which it is active. The rate of progress towards financial close of a series of
PFI contracts, in the education and healthcare sectors, is now in line with
expectation following the adjustments made after the withdrawal of Jarvis from
the sector. The Board anticipates further overall progress in the full year,
with significant growth in 2006 and 2007 in the education and healthcare PFI
sectors. In addition, the Group will continue to study opportunities for
appropriate acquisitions in these two markets.'


Havelock Europa PLC                                              01383-820 044
Hew Balfour (Chief Executive)
Graham MacSporran (Finance Director)

Bankside Consultants Limited
Charles Ponsonby                                                 020-7367 8851

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