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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Tuesday 16 January, 2007

Pipex Communications

Trading Update

Pipex Communications PLC
16 January 2007

16 January 2007

                            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, is pleased to report that trading for 2006 is in
line with market expectations.

Revenues have increased by 122% year-on-year, principally due to the acquisition
of Homecall in March and the later acquisitions of the Bulldog customer base in
September and Toucan in October. Overall, the gross margin was 37.9% for the

In the broadband and voice division, we have seen an increase in those customers
taking multiple services, with the average number of services per customer
increasing from 1.05 to 1.74 over the year.  This is reflected in the
improvement in ARPU over the same period from £23.00 to £24.70, despite
aggressive price competition in broadband.  At the end of December the Group had
570,000 broadband customers, reflecting underlying growth after having made a
significant downward adjustment to the number of Bulldog customers acquired,
which is being reflected in a lower purchase consideration.  Despite this
adjustment, the management remains pleased with the acquisition, and all three
acquisitions are integrating well.

Pipex's local loop unbundling programme is progressing well with our first 100
exchanges due to be completed by the end of the first quarter 2007 and the
second phase, comprising an additional 75 exchanges,  planned to be finished by
the end of the year.  Customer migration onto the unbundled exchanges is in line
with expectations, with 20,000 customers transferred by the end of 2006.

Pipex continues to be the largest shared and dedicated hosting business in the
UK, as researched by Netcraft, and the sixth largest in the world.  In total,
Pipex had over 330,000 hosting customers at the end of the year, an increase of
15% over the period.  Domain name registrations have also grown strongly with an
increase of 35% in the year to over 1.7m domains.  This division continues to
enjoy strong margins and cash flow.  Within the next 6 weeks the Company expects
to open its newly built state-of-the-art data centre in Cologne.  This provides
20,000 square feet of data centre capacity which will come on-stream in 3 phases
to meet demand.

Pipex Wireless delivered its first end-to-end WiMAX services in Milton Keynes in
December 2006.  In line with plan, volume customer acquisition will start
towards the end of this month.  The business has initiated work on a second
WiMAX deployment in Warwick in conjunction with Intel Solutions Services,
National Grid Wireless and Warwick District Council with a service launch date
scheduled for June 2007.

The outlook for the business remains favourable.  Underlying growth in the
broadband business is encouraging for 2007, and the hosting business should
continue to benefit from the increasing levels of internet activity driving the
need for further and more complex hosting.  The positive results emanating from
our WiMAX trials underpin our confidence in the Wireless business model.

We will update the market more fully at the preliminary results, which will be
announced on 17 April 2007.

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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