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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Thursday 15 April, 2010

Interim Management Statement

RNS Number : 2093K Group PLC
15 April 2010 Group PLC - Interim Management Statement 


15 April 2010 Group PLC ("" or the "Group"), the UK's leading price comparison website, issues the following Interim Management Statement relating to the period from 1 January 2010 to 14 April 2010. The financial and operational data set out below is in respect of the Group's first quarter (1 January 2010 to 31 March 2010) unless otherwise stated. 


Internet revenues for the first quarter improved throughout the period and were approximately 6% ahead of the same period last year (9% ahead excluding Travelsupermarket) despite a slow January across the entire business when trading was below 2009 levels. Visitor numbers for the Group were 4% lower (4% higher excluding Travelsupermarket) than the first quarter of 2009 as discussed below.




Revenues in the Money vertical were approximately 7% ahead of the same period last year. Revenues from credit-related products, particularly credit cards, were ahead of last year as the availability of credit continued to improve. Other banking products, particularly savings related revenues, declined as the banks changed approach over the course of the last year. Early 2009 saw significant visitor volumes in the light of a number of base rate changes and the general uncertainty in the financial markets resulting from the banking crisis. The environment in Q1 2010 was significantly more benign. Visitor volumes were consequently approximately 15% down on the same period last year, but transaction counts over the first quarter were 8% ahead as customers shifted from researching to buying.




Revenues in the Insurance vertical were approximately 10% ahead of the same period last year. Following investments made in both site design and brand the Group continued to grow its motor insurance revenues in the period in what remains a competitive marketplace. It also continued to see growth in its other major channels including home, travel and life insurance. Visitor numbers were flat on last year, albeit with an improving trend through the quarter after the slow start to the year.


Home Services 


Revenues in the Home Services vertical were approximately 20% ahead of the same period last year primarily due to an increase in utilities revenue combined with higher shopping revenues. Visitor numbers were approximately 62% ahead of the same period last year driven by visitors to the shopping channel and the vouchers site, which was launched in November 2009.




Revenues in the Travel vertical were approximately 18% down over the same period last year on similarly reduced visitor volumes. The Group has continued to manage the travel vertical for margin in the period in what remains a difficult market for discretionary travel outside package holidays.




As indicated in the preliminary results announcement, the Group has increased its spending in connection with the new media campaign. The Group has also increased its spend on technology using flexible third-party resource, launching new credit cards and motor insurance channels in the first quarter. The results of both initiatives have been pleasing which give the Group a good base for the rest of the financial year and beyond. The Group continues to trade in line with expectations and the Board remains confident in the Group's prospects for the full year. 


The Group continues to remain cash generative and as at the end of March had cash balances of £24.8m after the payment of the special and final dividends. This includes a benefit of approximately £4m from the timing of supplier payments made shortly after the quarter end.


Peter Plumb, Chief Executive Officer, said:


"Moneysupermarket has had a solid first quarter, returning to revenue growth and we are now beginning to see the impact of the work we commenced in the second half of 2009 when we invested in both our product offering and our marketing. Customers are now enjoying a much better service and we are achieving even greater break through in a crowded media space. We will continue with this balanced investment approach in the first half, to maintain growth through the rest of the year."


Seminar for Investors and Analysts


The Group is later today holding a seminar for investors and analysts. The presentation will be available on the Group's corporate website at later today. No material new information will be disclosed.


- Ends - 


For more information, please contact: Group PLC 

Paul Doughty, Chief Financial Officer, 01244 665700 


Tulchan Communications  0207 353 4200 

Susanna Voyle

Tom Murray


·      This interim management statement may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.


·      The information in this release is based on management information. 





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