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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Brown (N.) Group PLC (BWNG)

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Wednesday 24 January, 2007

Brown (N.) Group PLC

Trading Statement

Brown (N.) Group PLC
24 January 2007

                               N Brown Group plc

     Trading update and announcement of £80 million return to shareholders

N Brown Group plc, the home shopping retailer, today announces a trading update,
including the Christmas period, and a proposed £80 million one-off return of
value to shareholders which is equivalent to 27 pence per ordinary share.

Group sales for the 21 weeks ended 20th January 2007 are up by 14.2%. Home
shopping sales are up by 14.8% in total and 10.8% on a like-for-like basis. This
momentum in sales growth has been maintained despite strong comparatives for
last year.

We continue to see strong levels of growth in all key customer groups and
product ranges. Sales from our established customers have been ahead of our
expectations, and the recruitment of new customers has been on target, both
enhancing our customer database. The proportion of online sales continues to
rise and the value of these sales is 43% up on last year.

The mix of customers and products, combined with a detrimental change to the VAT
rules for bad debt relief, has resulted in a rate of gross margin 1.8% below
last year's rate in the second half to date. However operational cost savings
have offset the impact of the lower rate of gross margin.

We have been looking at improving the efficiency of our balance sheet for some
time, whilst retaining flexibility for our potential requirements for working
capital and acquisitions. The Board has undertaken an in-depth review and
proposes a one-off return to shareholders of 27p per ordinary share, equivalent
to approximately £80 million. In addition there will be a £15 million special
contribution made to the pension fund in March 2007 with a total further payment
of £12 million phased over the next three years to eliminate the deficit. Full
details are disclosed in a separate announcement made by the company today.

As a result of the continued momentum in sales growth the board is confident of
at least meeting its expectations for the full year to February 2007. This
excludes the exceptional costs of £0.9m arising from the return of value to

Both the one-off return of value to shareholders and our trading for the year to
date demonstrate the continued confidence the board has in the group's prospects
and strategy for 2007.


The company will be hosting a conference call for analysts and investors at 9.00
GMT today. Participants are invited to call five minutes prior to this time.

Direct Dial-in number                   +44 (0) 1296 480100
Passcode                                704413

A replay facility will be available for a week after the announcement:
Dial-in number +44 (0) 207 136 9233 and passcode 21186889 #.

For further information please contact:

N Brown Group plc

Alan White, Chief Executive               Tel: 0161 238 2202
Dean Moore, Finance Director

Gavin Anderson & Company

Fergus Wylie/Clotilde Gros                Tel: 020 7554 1400

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