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
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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;
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  • 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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ITV PLC (ITV)

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Wednesday 21 June, 2006

ITV PLC

Trading Update

ITV PLC
21 June 2006


ITV announces additional cash return to shareholders, efficiency savings and new
                                  SOCI target

June 21 -- ITV plc will today outline its growth strategy for its channels,
content, consumer and commercial operations.

Highlights include:

   • Increasing return of cash to shareholders from £300 million to £500
     million in 2006.
   • Delivering efficiency savings of £100 million by end 2008 from business
     re-engineering and operational reviews. This is in addition to the £120
     million savings already delivered as part of the merger.
   • ITV plc H1 total revenue estimated to be up 2% on 2005.
   • Launching a new channel and increasing investment in multichannel
     programming by £20 million in 2007.
   • ITV SOCI (share of commercial impacts) target for switchover at 2012.
   • Potential to deliver PSB and licence fee benefits of £200 million by
     switchover in 2012.

£500 million to be returned to shareholders in 2006

At its full year results for 2005 in March 2006 ITV announced an initial return
of cash to shareholders of £300 million. The Company said then that it would
continue to review the capital structure of the business and would assess:

-  the appropriate level of distributions to shareholders, as the disposal of 
   non-core assets continued

-  while maintaining a stable and efficient balance sheet and taking into
   account the needs of its stakeholders

-  and improving the returns for its shareholders, who have generally 
   expressed the view that the Company should retain an investment grade credit
   rating.

Taking all this into account, together with the current market environment, the
Board has increased the amount of this initial return of cash to shareholders to
£500 million in 2006. ITV will continue to review the capacity to return cash to
shareholders in future years as its capital structure allows.

Deliver efficiency savings of £100 million by 2008

Since the merger ITV has delivered more than £120 million of merger related cost
savings ahead of schedule. Last September the Company announced a major
restructuring. Since January 2006, ITV has been looking across the business to
improve further its processes and its operational efficiency in light of this
restructure. That process continues but ITV has already identified an additional
£40 million per annum of savings from improved overhead efficiencies, £30
million for schedule efficiencies, in part as a result of the evolution of ITV's
PSB requirements as digital switchover approaches, and a further £30 million per
annum from 2007 in reduced sports programming costs.

ITV SOCI target for digital switchover at 2012

As television transitions from an analogue world of five channels to digital
platforms with several hundred channels there will inevitably be a reduction in
the number of viewers to ITV1.

ITV's performance is relatively stable on each platform and the Company believes
that once switchover is completed ITV's overall share of viewing will stabilise
and ITV will benefit from viewers being able to watch all of its digital
channels. These channels are proving very popular with viewers and in 2006 to
date are delivering a 6% SOCI, up 28% on the same period in 2005. Later in 2006
ITV will launch a +1 version of ITV2 on satellite and cable platforms and in
2007 will invest a further £20 million in programming for its digital channels.

ITV is now targeting a SOCI across its channels of 38.5% at digital switchover
in 2012. In the next few years there are factors which will affect this measure
including the rate of change in ITV's public service broadcasting obligations,
the speed of digital take up and equalisation of advertising minutage with other
channels, and the target is based upon ITV maintaining expenditure levels on the
programme schedule.

ITV Revenue outside ITV1

ITV has previously announced targets for £250 million of advertising and
interactive revenue from digital channels by the end of 2008 and for 50% of
total revenues to come from sources outside ITV1 spot advertising by the end of
2010. Building on the 2005 base of £715 million of revenue outside ITV1 spot
advertising, ITV has identified additional revenue potential that increases that
figure to between £1,265 million and £1,465 million by the end of 2010.

ITV Revenue in H1

Whilst the advertising sector has been weaker than forecast over recent months,
television has been less affected than other traditional media such as
newspapers and radio. Regional television advertising, which ITV is uniquely
able to provide on a focused local area, is up 18% at £98 million across all
ITV's channels in the first half of 2006 year-on-year.

ITV's broadcast revenue outside ITV1 continues to grow. ITV's digital channels
continue to perform strongly and in the first half are up 42% at £69 million.
Sponsorship is increasingly attractive to advertisers and is up 24% at £21
million. Interactive advertising and online revenue, whilst smaller revenue
streams, are up by 175% and 46% respectively.

ITV plc total net advertising revenue at the half year is estimated at £750
million, down 4.6% year-on-year, in line with expectations. Total Broadcast and
Consumer revenues for the half year are estimated to be £930 million (including
CSA), up 3% on 2005. External revenues in the Content business are 5% ahead in
the first half of 2006 (excluding discontinued operations) at £125 million
reflecting increased sales both to other UK broadcasters and internationally.
ITV's US production business currently has five series on Network Television.
Total revenues for the half year are estimated to be up by 2% on 2005.

Charles Allen, CEO said:

'Since the merger ITV has increased its profitability, delivered ahead of all
its targets, raised £400 million from the disposal of non-core assets and will
have paid £1.1 billion to shareholders in dividends and share buy backs by the
end of 2006. We continue to set ourselves aggressive targets. ITV with its
strong brand, original content, Freeview capacity and cross promotional
capability is uniquely well-positioned to benefit as the UK television market
continues to fragment and the number of outlets and demand for high quality
content continues to increase. We have a renewed focus, a clear strategy and the
right management team that will enable us to deliver increasing value to our
viewers, advertisers and shareholders.'

                                     -ENDS-

Enquiries

Investors:

ITV
Georgina Blackburn, Head of Investor Relations - 020 843 8000

Media:

ITV
Brigitte Trafford, Jim Godfrey - 020 7843 8000


Citigate Dewe Rogerson
Simon Rigby, Anthony Kennaway - 020 7638 9571



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            The company news service from the London Stock Exchange