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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Havelock Europa PLC (HVE)

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Tuesday 12 January, 2010

Havelock Europa PLC

Trading Statement

RNS Number : 3775F
Havelock Europa PLC
12 January 2010

12 January 2010


Trading Update

Havelock (HVE.L), the Educational and Retail Interiors and Point of Sale Printing Group, announces a trading update for the 12 months ended 31 December 2009.

Severe weather in the last two weeks of November and the month of December caused significant disruption to trading in Havelock's Educational Interiors Division.

The floods in Northern Ireland and western and south-western Scotland in the third week of November slowed progress on schools in three of Havelock's major PFI programmes, which were due to complete in 2009.  Disruption to these sites and many others was exacerbated by heavy snowfalls and freezing conditions throughout Britain for the whole of the second half of December.

As a result, significant slippage in programmes, forecast to complete in 2009, occurred in the Educational Interiors Division.  There were also additional costs arising from aborted deliveries to construction sites and unrecovered labour costs for site installation teams who were unable to complete projects.

Reference was made in the Interim Management Statement on 17 November 2009 to the costs and operational issues arising from the integration of the Educational and Retail Interiors Divisions. It is now expected that the costs associated with these issues will be greater than originally anticipated.  Significant progress has been made in solving the IT and other operational issues, and the benefits of this progress will become apparent towards the end of the first  quarter of 2010.

 Notwithstanding a strong performance within the supplies and classroom accessories businesses, the estimated impact of the weather related factors and the operational issues referred to above is likely to reduce the expected contribution from the Educational Interiors Division by approximately £1.6 million.

The Point of Sale Printing Division also had a slower November and December than expected due to a much lower level of promotional activity by retailers in the run up to Christmas than has been experienced in the previous two years.

In addition to the cost savings arising from integrating the Retail and Educational Interiors Divisions, announced at the time of the Interim Results in August 2009, further costs saving opportunities have been identified in the Group's other businesses and the costs of implementing these additional savings, amounting to approximately £500,000 over and above £2.7 million exceptional costs identified at the time of the Interim Results, will also be treated as exceptional costs in 2009.

Overall, the Company anticipates that the Group's results for 2009 are likely to be significantly below current market expectations, although it still expects to report an operating profit before exceptional costs and interest.

The Group's bankers have been kept fully informed of the situation and are supportive.  The company is currently discussing revised terms for its facilities and has obtained from its bank a waiver of the year end interest cover convenant test.

Although the Board is not expecting a return to normal trading conditions in 2010, particularly in the Retail sector, the cost savings generated from the integration of the Group's Retail and Educational Interiors businesses, together with a realistic expectation of orders for the year ahead, continues to give the Board reason to believe that there will be an improvement in trading in 2010.



Havelock Europa PLC

01383-820 044

Hew Balfour (Chief Executive)

07801-683 851

  Grant Findlay (Finance Director)

07768-745 960

Bankside Consultants Limited

  Charles Ponsonby

020-7367 8851

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