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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Elementis PLC (ELM)

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Thursday 21 April, 2011

Elementis PLC

AGM / Interim Management Statement

RNS Number : 3174F
Elementis PLC
21 April 2011
 



21 April 2011

 

AGM / Interim Management Statement

Elementis plc ("the Company") today issues its Interim Management Statement for the three months ended 31 March 2011 in relation to the Company and its subsidiaries ("the Group").

 

Trading for the first three months of the year is significantly ahead of the same period last year due to strong demand in our key end markets and improved margins in all businesses.  Our order book remains strong with robust demand continuing into the second quarter. As a result, Group earnings for the full year are expected to be at the upper end of market expectations.

 

In Specialty Products, sales in the first quarter were 9 per cent ahead of the same period last year, which is particularly notable given that the first quarter of 2010 was positively impacted by heavy customer restocking in coatings.

 

·     Sales of coatings additives have continued to grow in all geographies with underlying demand being enhanced by product innovation and market share gains. In North America signs of economic recovery helped drive an improvement in coatings sales of 12 per cent over the same period last year, while Europe and Asia Pacific recorded gains of 9 per cent and 7 per cent respectively.

·     Personal care continued to benefit from the product optimisation exercise undertaken as part of the integration of Fancor, leading to lower sales volumes but improved margins and profitability.

·     Sales to the oilfield drilling sector have also continued to show the strong growth trend exhibited throughout 2010 with an increase of 15 per cent, driven by the expansion in shale gas activity and a strong drilling season in Canada.

 

Operating margins in Specialty Products continued to improve due to growth in higher margin products and ongoing pricing initiatives. Consequently operating margins are significantly ahead of those experienced in the second half of 2010.

 

Our Chromium business has continued to operate at consistently high rates of capacity utilisation during the first three months of the year, sustaining sales volumes at the levels seen during the same period last year. Global demand for chromium products has continued to be robust and this is allowing the business to optimise its production and to increase the proportion of its sales into the more differentiated North American market. At the same time raw material cost increases have been successfully passed on through pricing initiatives. Consequently operating margins are slightly ahead of the second half of 2010. Going forward margins will benefit from the completion, during the second quarter, of the flexible energy project at the main US facility. This will allow the use of natural gas as well as fuel oil as the facility's energy source, with a consequent cost saving for the balance of the year of approximately $4 million.

 

The strong sales growth and low capital intensity of the Group's businesses is continuing to generate positive cash flow, leading to further reductions in debt levels.

 

Enquiries:

 

Elementis plc

020 7408 9300

Brian Taylorson, Finance Director

Financial Dynamics

020 7831 3113

Greg Quine

 

 


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