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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William Hill PLC (WMH)

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Thursday 30 April, 2009

William Hill PLC

Interim Management Statement

RNS Number : 4158R
William Hill PLC
30 April 2009

William Hill PLC

Interim Management Statement

30 April 2009

William Hill PLC (William Hill or the Group) (LSE: WMH) announces the interim management statement for the 17 weeks ended 28 April 2009 (the period).


The Group has made good progress during the period, with net revenue increasing by 6.5% against a strong comparator period in 2008. This includes results from the expanded online business in 2009, which is compared with our standalone William Hill interactive business in 2008. 

Overall performance during the period remained resilient. Horse racing had a significant influence on performance with bad weather leading to the cancellation of approximately one third of scheduled UK horse race meetings at the start of the year and, in March, horse racing results going strongly in the customers' favour, including during the Cheltenham festival. However, in April, horse racing results swung back in favour of the bookmakers, helped by a good Grand National result. Both Cheltenham and Aintree proved to be as popular as in previous years. The period also saw a continued strong performance in football betting and gaming machines.

Ralph Topping, Chief Executive of William Hill, commented: 

'Although the economic and competitive environment remains challenging, our results show continuing resilience. Integration of our online business is progressing, with an encouraging increase in the number of customer accounts, and we look forward to reaping the full benefits of this developing business.'


Operating update


(a) Retail

Retail gross win increased by 2%. Over-the-counter gross win fell by 5%, reflecting the horse race cancellations and results described above. However, gross win margin was comparable with that experienced in 2008, primarily as a result of a strong football performance. Gaming machines maintained the strong growth reported in the first eight weeks and delivered a 14% increase in gross win.


(b) Online

Net revenue from the expanded William Hill Online business increased by 50% in the period, compared with the standalone William Hill interactive business in 2008, following the completion of the acquisition of online gaming, marketing and customer service assets on 30 December 2008. On an unaudited pro forma basis, taking into account the performance of the acquired assets in the comparator period, net revenue increased by approximately 10%. Our strong focus is on integrating these assets into our existing business. Integration is on track

We launched our new Sportsbook on the Orbis technology platform in December 2008 to provide an improved offering in a very competitive marketplace. Net revenue was similar to the comparable period in 2008. However there has been encouraging growth in customer accounts and, in the later weeks of the period, we saw double-digit growth in the number of slips and in turnover following a substantial increase in the number of markets and products offered to customers on the Sportsbook. 

Overall net revenue from gaming increased by 77% and on a pro forma basis by approximately 13%. In January and February, we launched our stand-alone casino and poker websites on Playtech's software and the iPoker network and both are performing in line with expectations. All our poker is now run on Playtech's i-Poker network and we expect to migrate the main William Hill casino to Playtech software later in the year 


(c) Telephone

Telephone gross win fell by 31% in the period, again as a result of the poor horse racing results, particularly at Cheltenham. These had a disproportionate effect as horse racing continues to represent approximately 70% of the business in this channel. Telephone has also seen increased competition from overseas organisations operating from favourable tax environments. This channel still represents only approximately 3% of the Group's net revenue


(d) Costs

Operating costs have increased in line with management expectations. 


Material events, transactions and financial position

In February, we announced that we had entered into new bank debt facilities that, together with our £250m existing bank facility, led to an aggregate funding of £838.5m. At the same time, we announced a proposed one-for-one rights issue to raise £350m net of expenses. Together, the new debt facilities and the rights issue are intended to meet our total funding requirement.

The rights issue was successfully completed on 8 April. Acceptances received from shareholders represented approximately 97.41% of the total number offered to shareholders, and the remaining 2.59% of shares were placed in the market at a price of 191.81p per share.


Interim results

William Hill will issue its interim financial statements for the 26 weeks ended 30 June 2009 on Tuesday, 4 August 2009.




William Hill PLC - tel +44 (0) 20 8918 3614

Ralph Topping, Chief Executive

Simon Lane, Group Finance Director

Lyndsay Wright, head of IR


Brunswick - tel +44 (0) 20 7404 5959

Fiona Antcliffe / Deborah Spencer


Notes to editors:

William Hill is one of the UK's leading betting and gaming companies. It is one of the UK's largest bookmakers, and also operates in Ireland, with a total of approximately 2,300 LBOs in the UK that provide betting opportunities on a wide range of sporting and non-sporting events and, in the UK, offer gaming machines. The Group's online business, William Hill Online, is one of the leading European online betting and gaming business by profitability, providing sports betting, casino games, poker, bingo, numbers betting and skill games.

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

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