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
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

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;
  • 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.

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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IMI PLC (IMI)

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Wednesday 19 December, 2007

IMI PLC

Trading Update

IMI PLC
19 December 2007


                                                                19 December 2007

                                    IMI plc

                                 TRADING UPDATE

In accordance with its normal practice, IMI plc is today issuing a trading
update in advance of its preliminary results announcement for the twelve months
ending 31 December 2007 due to be published on 5 March 2008.

Current trading

In line with our expectations at the time of the interim results, organic
revenue growth for the full year, excluding acquisitions and the impact of
exchange rates, will be in the range 6-7%, with underlying second half momentum
little changed from the first half.

Fluid Controls

The power and oil and gas end markets remain buoyant. The full year 2007 revenue
growth for the Severe Service business will be about 15%. The CCI investigation,
which is discussed separately below, has had no material impact on current year
revenues. In Fluid Power, our sector business in both Europe and the US
continues to show good progress. The US commercial vehicle market is, as
expected, sharply down against last year, but we remain confident of a strong
bounce back next year ahead of further emissions legislation to be introduced in
2010. Overall, our Fluid Power revenues are expected to deliver organic growth
of around 2% for the year. Within Indoor Climate, our balancing valves business
has continued its strong first half momentum. Our thermostatic radiator
business, however, has been significantly impacted by a second half slow down in
construction and refurbishment activity in Germany. More encouragingly, recent
data shows that German construction permits, which are one leading indicator,
have now recovered from their low point earlier this year. Indoor Climate second
half organic revenue growth is projected to be about 2%.

Retail Dispense

The Beverage Dispense business continues to show improvement with underlying
revenue growth for the full year expected to be in the range 5-6%. The US
business is performing in line with expectations, Continental Europe and Asia
are delivering good growth, although the UK remains challenging. The
Merchandising Systems business continues to show good promise, albeit some of
the shipments provisionally scheduled for December will now take place in
January, giving a strong start to 2008. Second half revenues are likely to be up
around 4% on last year, similar to the growth delivered in the first half.

The effect of exchange rates on the translation of our results for the full year
2007 when compared to the prior year is estimated to be a negative 3% on both
revenues and profits. In more recent months the stronger euro has largely offset
the impact of a weaker US dollar.

We would expect reported profit before tax on continuing businesses, before the
CCI investigation costs, the amortisation of intangibles and before
restructuring costs, to be in the range of £202-£206m compared to £194.9m last
year. At the mid-point of the range, and on a constant currency basis, this
represents a growth of around 8% over the prior year.

CCI investigation

The investigation by independent counsel into the CCI business is well advanced
and should be largely completed by the end of the first quarter of 2008. Costs
of the investigation incurred in 2007 will be around £5m, as previously
indicated. Additional costs in 2008 are not expected to be material but will be
dependent on how the US Department of Justice decides to proceed. At this stage
it is not possible to assess the level of any fines or defence costs arising
from any action which may be taken by regulatory authorities or the timing of
any such action.

As to the future impact on trading, we have now consulted widely with our
customer base who, in the circumstances, have thus far reacted supportively.
Order intake for the majority of our business, mainly in the industrialised west
and typically not involving agents, has been largely unaffected. Order intake
elsewhere has been disrupted as we continue the task, with appropriate legal
advice, of either clearing agents or putting in place alternative arrangements.
This process is gathering momentum and we would expect to have concluded much of
this work during the first half of 2008, enabling more normal patterns of order
intake to resume thereafter. As a result of this disruption, 2008 shipments for
Severe Service will be broadly in line with 2007.

Our organisation is focused on implementing the necessary corrective actions,
including the introduction of new compliance procedures and the termination of a
number of employee contracts. We expect Severe Service to return to normal
patterns of business in 2009 and beyond.

Outlook

Order intake remains positive. The forecast deterioration in economic growth
stemming from the financial and housing markets has yet to be seen, but we
remain alert to these risks.

The impact of the CCI investigation will disrupt revenue growth prospects for
2008 to a degree, reducing the anticipated growth for IMI as a whole by around 2
percentage points.

The underlying momentum in the business remains broadly unchanged from the first
half. A healthy new product pipeline and an increasingly significant presence in
the emerging markets of Asia and East Europe continue to underpin that momentum.

                                    - Ends -

IMI plc
Graham Truscott, Communications Director                      Tel: 0121 717 3712

Weber Shandwick Financial
Nick Oborne/Stephanie Badjonat/Charlie Hooper                 Tel: 020 7067 0700


Notes to editors

IMI is a dynamic, worldwide company delivering innovative engineering solutions
to leading global customers in clearly defined niche markets. Its five
businesses share a common goal - to convert their industry knowledge and market
insight into customised, design-engineered solutions which create customer
advantage and value. These include severe service valves, motion and fluid
control systems, indoor climate controls, beverage dispense systems, and
merchandising display systems for retail operations.

Close customer relationships, strong positions in growing markets and clear
differentiation through technological innovation or service are the defining
characteristics of all IMI businesses.

IMI is quoted on the London Stock Exchange. Information about IMI plc can be
found on the website: www.imiplc.com.




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