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


  Print      Mail a friend       Annual reports

Thursday 15 May, 2008


Interim Management Statement

RNS Number : 4936U
15 May 2008


15th May 2008

ITV plc issues the following Interim Management Statement in advance of the Company's Annual General Meeting to be held at 11 am today.

Implementation of ITV's turnaround plan on track:

ITV outperforming TV advertising market and increasing audience share

Group highlights

  • Group revenues for Q1 2008 increased 3% on 2007

  • ITV plc net advertising revenue (NAR) was up 2% in Q1

  • ITV plc NAR forecast to be flat over H1, ahead of total market down 1%  

  • ITV1 increasing its volume of commercial impacts year on year with total impacts across all ITV channels up 7%(1)

  • Content growth in Q1 driven by strong slate of international production commissions; acquisition of Scandinavian producer Silverback

  • Online growth continuing, with video views up 76% since the start of the year(2)

ITV plc performance

Q1 revenues (£m)








Global Content (external revenues)








Other (CSA)








Key performance indicators




ITV1 adult impacts (bill) (1)




ITV family adult SOCI (%)(1)




Q1 Content revenues, including internal(£m)



7 unique users - April (mill) 




Online video views - April (mill)




Efficiency savings and programme investment

  • ITV will deliver previously announced £41 million in efficiency gains by the end of 2008
  • Further savings of £40 million from the modernisation of regional services remain on track for 2009
  • ITV1's network programme budget (NPB) over 2008 and 2009 will be maintained at the 2007 level, through procurement efficiencies and other savings 
  • With Euro 2008 falling in June, ITV1's H1 NPB will be around £30 million higher than 2007, when the Rugby World Cup fell in H2.  
  • ITV's efficiency programme has moved on to identifying further savings to be delivered from 2009 to enhance earnings and fund digital investment 

Michael Grade, Executive Chairman of ITV, said: 

'ITV has made further progress in 2008 and the turnaround plan, outlined in September 2007, remains on track.  The forecast for the first half shows us outperforming the UK television advertising market - the first time this has happened since 2000.  Across ITV as a whole we are sustaining operational momentum in all parts of the business. 

'In Broadcasting ITV has continued to achieve its turnaround priority of maintaining viewing of its family of channels, even as digital penetration grows. Viewing share across the ITV family of channels is up 1.6at 23.4%.(1)  ITV1 has increased its volume of impacts and has broadcast the top-rated 265 programmes on commercial TV this year. (1)  ITV's digital channels have continued to perform strongly, delivering 35% more impacts year-on-year.(1)

'In Global Content we are starting to deliver on our strategy of increasing revenues in the UK and internationally, organically and by acquisition. Growth has been driven by a strong performance in international production and we've secured major prime-time commissions and format sales to Fox, NBC and CBS in the US. Internal production revenues are expected to be weighted to the second half.  We have completed the acquisition of Scandinavian producer Silverback AB for an initial cash consideration of £5.2m with a further payment of up to £8.8 million contingent on profit performance over a three-year period.

'Online, ITV is making progress with its strategy of maximising exploitation of programming, attracting more users online and, increasingly, engaging those users in video content. Video views across ITV sites have increased 76% since the start of the year to reach 9.9 million last month.(2)

'Project Kangaroo' - the video-on-demand programme service we are developing with the BBC and Channel 4 - is on track to launch later this year, while the core Friends Reunited site has now moved to a fully advertiser funded model.

'We continue to drive hard for efficiency savings across the business and demonstrate tight financial discipline consistent with our self-funding strategic plan.  We have disposed of our stakes in and Arsenal broadband, and terms have been agreed for the sale of certain CSA businesses and assets.  

'We are working closely with regulators to modernise ITV's antiquated regulatory structure. The reviews of PSB and airtime sales regulation are both now underway.  

'Given the wider economic context, the television advertising market has held up relatively well in the year to date. In an uncertain economic environment, ITV continues to deliver advertisers real value and unique effectiveness across ITV1 and its digital channels.' 


  1. Figures for commercial impacts and viewing are based on BARB / Infosys data for adult impacts and individuals viewing for the year to 27 April 2008 (and equivalent period in 2007).
  2. Video views based on internal Company data for and itvlocal for April 2008 and the increase since January 2008.  Omniture data for unique users.  
  3. All figures for net advertising revenue are based on ITV plc's current forecasts, compared to the equivalent period in 2007 where relevant.
  4. ITV family includes: ITV1, ITV2, ITV3, ITV4, CITV, GMTV1, GMTV2, Men&Motors and time-shift variants. ITV digital channels include: ITV2, ITV3, ITV4, CITV, GMTV2, Men&Motors and time-shift variants.
  5. An interim dividend totaling £52 million was paid on 7 January. The Group's financial position has not otherwise materially changed since 31 December 2007.
  6. Figures presented in this interim management statement are not audited.  This announcement contains certain statements that are or may be forward-looking with respect to the financial condition, results or operations and business of ITV. By their nature forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to (i) adverse changes to the current outlook for the UK television advertising market, (ii) adverse changes in tax laws and regulations, (iii) the risks associated with the introduction of new products and services, (iv) pricing, product and programme initiatives of competitors, including increased competition for programmes, (v) changes in technology or consumer demand, (vi) the termination or delay of key contracts and (vii) fluctuations in exchange rates.

For further enquiries please contact:

ITV plc

Tel: 0207 156 6000

Press queries

Mark Gallagher - Director of Group Corporate Affairs 

Ruth Settle - Director of Corporate Communications

Investor queries

James Tibbitts - Company Secretary

Tel: 0207 156 7009

Christy Swords - Director of Investor Relations

Tel: 0207 156 7022

Pippa Strong - Head of Investor Relations

Tel: 0207 156 7039

Tulchan Communications Group

Tel: 020 7353 4200

Andrew Grant

Susanna Voyle

Lizzie Morgan

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