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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ITE Group PLC (ITE)

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Tuesday 30 September, 2008

ITE Group PLC

Trading Statement

RNS Number : 6421E
ITE Group PLC
30 September 2008
 



30 September 2008 

ITE Group plc


Pre-close trading update for the year ending 30 September 2008


ITE Group plc, the international exhibitions group specialising in emerging and developing markets, has today issued the following update for the year ending 30 September 2008, prior to entering its close period and ahead of its preliminary results announcement on 2 December 2008.

 

Trading for the fourth quarter has been in line with management expectations and overall ITE has experienced continued good demand for its core exhibitions in Russia and the CIS. Revenues for the full year are expected to be circa £109m (2007 £99.1m), which on a like-for-like basis represents revenue growth of circa 11% for the yearTurnover and profits for the full year are expected to be slightly ahead of current market expectations. 


The domestic CIS economies in which ITE carries out most of its business remain strong. To date, there has not been any noticeable impact on demand for our exhibitions arising from the credit market crisis. However the building sector in Kazakhstan has experienced a slowdown in new developments following a correction in property prices. ITE's direct exposure to business carried out in Georgia is minimal.  


Fourth Quarter Trading 


Since the Interim Management Statement released on 31 July 2008 ITE's main events have reported stronger revenue growth than volume growth across the board. This reflects in part the strength of the Euro relative to Sterling; for ITE's Euro denominated events the average exchange rate achieved has been 6% higher than the equivalent exchange rate for last year.  The main events to have taken place in the fourth quarter are:

 

  • MODA Autumn, ITE's UK fashion and footwear event took place in Birmingham. The event performed well in selling 16,100m2 (2007 16,400m2), and was well attended and appreciated by visitors despite the weaker UK retail environment. 


  • Kazbuild, the Almaty construction event held in September sold 9,200m2 (2007 13,400m2). The reduction in size relates mostly to the downturn in the Kazakhstan building sector which has temporarily stalled new development projects, but also in part to the re-location of certain exhibitors to the spring edition of Kazbuild.


  • The Moscow International Motor Show held in September sold 17,100m2 (2007 17,700m2), a good performance against strong local competition. Since its re-location to Crocus in 2006 the event has continued to face competition from a parallel motor show taking place in the same venue at the same time.


  • Baltic Building Week held in St Petersburg in September sold 9,500m2 (2007: 10,200m2) and recorded a strong financial performance. Next year this event should benefit from synergy with the newly acquired Interstroyexpo event which takes place under ITE's ownership for the first time in April 2009.

  

  • World Food Moscow which took place in the last week of September was similar in size to last year's event, but achieved a significantly better financial performance. 

 


Corporate Activity


In September ITE MODA acquired Bubble, a small childrenswear event, from Kidding LLC for a consideration of £0.35m payable in cash. Bubble is a newly launched 'directional' event running twice a year in London. It will provide a platform for ITE MODA to establish itself in the childrenswear sector where it already has a good market position through its existing publishing activity. 


Since 31 July 2008 ITE has acquired 5.4 million of its own shares for aggregate consideration of £8.1m. These shares will be cancelled in due course. Over the same time period ITE's Employees' Share Trust (ESOT) has acquired a further 4.0 million shares for aggregate consideration of £5.6m.

 

Financial Position


The Group will have net cash of circa £28m on 30 September 2008. Amounts unpaid and relating to the share buyback programme outlined above at 30 September 2008 are £0.6m


Outlook


The Board continues to monitor the macro-economic environment closely. Currently the CIS economies are forecast to maintain strong growth rates for the foreseeable future and the outlook for the next financial year remains positive. The three acquisitions made during this financial year are performing in line with management's expectations and as at 26 September 2008 ITE had booked 2009 revenues of £60m which on a like-for-like basis is more than 10% ahead of the comparable figure for last year.  


ENDS



Enquiries:

 
Russell Taylor
Chief Executive, ITE Group plc            Tel: 0207 596 5000

Charlie Palmer/Tim Spratt, Financial Dynamics          Tel: 020 7831 3113




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