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;
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  • 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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Travis Perkins PLC (TPK)

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Thursday 17 December, 2009

Travis Perkins PLC

Trading update

RNS Number : 2502E
Travis Perkins PLC
17 December 2009

17 December 2009


("Travis Perkins", or "the Company")

Trading update

Travis Perkins, the leading UK builders' merchant, is today issuing a trading update ahead of entering its closed period for the year ending 31 December 2009.

Recent trading trends have confirmed our view that the merchanting market has stabilised, and the retail market has continued to enjoy a steady revival in activity.

Group turnover for the eleven months to the end of November 2009 was down 8.5% compared to the equivalent period in 2008. 

In our merchanting division total turnover for the eleven months was down by 13.3%. Whilst like-for-like turnover per trading day for this period was down by 14.3%, the decrease in like-for-like sales for the last two months has improved to 5.5%, as 2008 comparatives continue to ease. The decline in volume relative to peak levels in early 2008 appears to have reached a plateau, but we have yet to see any signs of any sustained improvementGross margin pressure has remained consistent with the trend experienced throughout 2009.

Our merchanting division comprises businesses in general and specialist merchanting markets. Total turnover in general merchanting was down by 13.6%, with like-for-like turnover per trading day down by 14.8%. For this period total turnover in specialist merchanting was down by 12.7% and like-for-like turnover per trading day down by 13.5%. 

Substantially all the turnover in our retail division is represented by Wickes, our home improvement store chain. In Wickes, total turnover for the 48 week trading period to 28 November was up 2.6%. Like-for-like sales per trading day were up by 2.3%, with core products down by 1.4%, but showroom sales up by 23.1%. For the nine weeks to 28 November we have seen Wickes make strong market share gains with total like-for-like turnover per day up by 10.2%.

Management throughout the Group has been focused on cost control with the result that we have achieved the overhead savings anticipated. Cash generation has remained at the forefront of our activities, with the result that net debt has further reduced during the second half of the year.

Despite maintaining strong control over capital expenditure, we have still managed to expand our branch network, although at a much slower rate. Having added a net 5 Merchanting branches, 2 Wickes stores, 7 Tile Giant stores and, through our associate company, 26 ToolStation stores during 2009 we now trade from 1296 locations.  

These sales trends mean that Group trading for the last two months since our October Interim Management Statement is a little ahead of our expectationsThis, together with further one-off employment related savings, means that we now expect earnings to be at the upper end of market expectations for 2009. However, given the probable pressures on both consumer and trade spending in 2010, our outlook for 2010 remains unchanged from that stated two months ago. Therefore, our view of the current market consensus for 2010 also remains unchanged. 

- ends -


Geoff Cooper, Chief Executive 

Paul Hampden Smith, Finance Director 

Travis Perkins PLC 

+44 (0)1604 683 112 

David Bick/Mike Feltham/Mark Longson 

Square1 Consulting Limited 

+44 (0)20 7929 5599 

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

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