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.

 Information  X 
Enter a valid email address

Oxford Instruments (OXIG)

  Print      Mail a friend

Tuesday 14 September, 2010

Oxford Instruments

AGM Statement

RNS Number : 6007S
Oxford Instruments PLC
14 September 2010
 



Embargoed for release at 7:00 am on 14th September 2010

 

Oxford Instruments plc

Chairman's AGM Statement 2010

 

 

Oxford Instruments plc, the high technology tools and systems company, is holding its Annual General Meeting today at which the Chairman, Nigel Keen, will make the following statement:

 

In 2006 Oxford Instruments embarked on a strategy of growth and commercialisation in the research and industrial high technology capital equipment sectors.  This strategy formed a basis of a five year plan to double the size of the business and improve EBIT margins by ten percentage points.

 

In June 2010, we reported on our progress at the end of the fourth year of this strategic plan.  Despite the recession, average organic growth over the period has been in line with the plan. Over four years we achieved organic growth at a rate of over 10% per annum.    In the last two years we have not made any acquisitions due to the difficulties in making accurate valuations during recessionary times.  However, as markets have stabilised and cash flows improved, we will again look at acquisitions to supplement our continuing organic growth.

 

At the beginning of 2009 we restructured the business to reduce costs and improve efficiencies.  This prompt action reduced our cost base and protected our operating performance during the recession.  We estimate that around two thirds of the £11.5m annualised cost saving was structural. This cost will not be reinstated as demand picks up. 

 

Our research markets continue to benefit from strong demand. Our industrial markets, which had been hard hit by recession, have now seen demand return to pre-recession levels.  This sustained strengthening of demand, coupled with the first shipments of superconducting wire on the ITER programme, means that our industrial sector businesses are showing better performance than in the prior year.

 

Due to the strength of both our research and industrial markets, coupled with the efficiency improvements from the restructuring programme, performance to date for the first half has exceeded our expectations.  We currently expect adjusted profit before tax* for the first six months of the year to be not less than £10 million.

 

Oxford Instruments has traditionally shown a marked second half bias in performance.  This year we have improved our operational processes to reduce this second half weighting. As a result, in the current year we expect the sales for each half to be more equally balanced.

 

Whilst market visibility has not currently returned to pre-recession levels in the longer term, we remain confident in the growth potential of Oxford Instruments and our ability to produce sustained shareholder value.

 

*Adjusted figures are stated before other operating income, amortisation of acquired intangibles, reorganisation costs and impairment and unrealised changes in the fair value of financial instruments.

 

 

Enquiries:


Oxford Instruments plc                                    

Tel: 01865 393200

Jonathan Flint, Chief Executive


Kevin Boyd, Group Finance Director






Hogarth Partnership Limited                            

Tel: 020 7357 9477

Rachel Hirst / Andrew Jaques / Ian Payne


 

 

Notes to Editors

 

Oxford Instruments aims to pursue responsible development and deeper understanding of our world through science and technology.  We provide high technology tools and systems for industrial and research markets, based on our ability to analyse and manipulate matter at the smallest scale.Innovation has been the driving force behind Oxford Instruments' growth and success for over 50 years, and its strategy is to effect the successful commercialisation of these ideas by bringing them to market in a timely and customer-focused fashion.

 

The first technology business to be spun out from Oxford University over fifty years ago, Oxford Instruments is now a global company with over 1,400 staff worldwide and a listing on the London Stock Exchange (OXIG). 

 

Our objective is to be a leading supplier of next generation tools and systems for research and industry.  This involves the combination of core technologies in areas such as low temperature and high magnetic field environments, Nuclear Magnetic Resonance, X-ray electron and optical based metrology, and advanced growth, deposition and etching. Our products, expertise, and ideas address global issues such as energy, environment, terrorism and health and are part of the next generation of telecommunications, energy products, environmental measures, security devices, drug discovery and medical advances.

 

 

 


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