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 [email protected] in the first instance.

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Pipex Communications (FFG)

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Wednesday 12 July, 2006

Pipex Communications

Trading Update

Pipex Communications PLC
12 July 2006

12 July 2006

                            Pipex Communications plc

                                 Trading update

Pipex Communications plc (PXC), a major provider of integrated
telecommunications and internet solutions including broadband, voice, domain
name registrations and hosting, announces that trading for the half year to 30
June 2006 will be ahead of market revenue expectations and materially ahead of
profit expectations.

Group revenues are up 86% against the same period last year.  Gross margins for
the period are 38%, principally as a result of the increased contribution from
line rental revenues following the Homecall acquisition in March 2006.
Excluding these revenues, gross margins were 42%.


Customers in the broadband and voice division now number 832,000, with 48%
taking a service which includes broadband, a further 34% taking a line rental
bundle and 18% with CPS voice only.  Average revenue per user increased by 9%
since the year end to £25, with the concerted push into bundled services more
than offsetting market-driven pricing pressure in broadband.

The growth in hosting customers, up 23% from H1 2005, continues to correlate
with growth in broadband penetration.  Domain names grew by 26% to over 1.5
million domains.


The acquisition of Homecall on 23 March 2006 was a significant step in the
development of Pipex.  Homecall is one of the UK's largest residential voice
businesses and took Pipex's total customer base to over 1 million.  In addition
to leveraging Pipex's infrastructure investments and LLU strategy, Homecall
provides important new channels to market through its extensive out-bound
telesales operations and a high street distribution presence in over 360
Phones4U retail outlets.

Marketing strategy and new pricing package

Pipex now sells its services through the full spectrum of channels:  on-line,
field sales, telesales and high street retail outlets.  As a consequence, the
Company is better placed to leverage its position through more aggressive
marketing.  On 5 July Pipex formally launched its new pricing package which
provides up to an 8mb broadband service for £6.50 per month with free modem,
free connection and a technical helpline which does not charge premium rates.
This offer is available when taken with Pipex's Anytime £12.50 per month calls
package.  This package is available today through the website and
telesales activities and will be heavily promoted on radio, television, poster
and in the Phones4U retail outlets, from August 2006.

Local Loop Unbundling ("LLU")

Pipex's local loop unbundling is progressing to plan. Of the 100 exchanges
ordered, 43 have been unbundled since the process was started, and mass customer
migration has commenced.  In line with its "low-capex" business model, Pipex has
implemented a policy of providing its services through a hybrid network.  This
means that Pipex provides a national broadband service by investing in
unbundling exchanges where there is a compelling financial justification, while
buying in third party wholesale where LLU returns are less certain.

Pipex Wireless (WiMAX)

Pipex Wireless Board is delighted to announce the appointment of Sean Stephenson
as Chief Operating Officer of Pipex Wireless, the joint venture with Intel
created in April 2006.  Sean was previously founding Managing Director of
Nildram, bought by Pipex in August 2004.  Sean will oversee all the engineering
and operational aspects of the venture.

Following successful technical trials, Pipex Wireless believes that the
technology is now ready for commercial trial deployments and is in discussions
with a number of Local Authorities over the choice of test sites.  These are
likely to comprise 3-5 base stations and will test live end-to-end services to
customers in advance of the planned city roll-out in 2007.

Pipex Communications will announce interim results for six months ended 30 June
2006 on 7 September 2006.


For further information please contact:

PIPEX Communications plc                                        020 7766 6909
Peter Dubens, Chairman

Financial Dynamics                                              020 7831 3113
Juliet Clarke / Edward Bridges / Hannah Sloane

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

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