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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Thursday 14 January, 2010


Interim Management Statement

RNS Number : 5246F
DSG International PLC
14 January 2010

PR 03/10

7.00am, 14 January 2010



Renewal & Transformation plan delivering benefits

DSG international plc, one of Europe's leading specialist electrical retailers, is today issuing an interim management statement updating the market on trading for the 12 weeks ended 9 January 2010.

  • Underlying Group sales were up 11% in sterling and like for like sales were up 8%.

  • Good performance across all categories and in all markets, particularly in UK Electricals, Nordics, e-commerce and in Italy.

  • UK & Ireland Electricals grew like for like sales over the period by 8%.

  • UK Computing benefitted from launch of Windows 7, but overall sales were held back by continuing weakness of the B2B market.

  • Record-breaking Christmas in the UK in key categories including TVs, PCs and White Goods:-

  • A computer and a TV sold every 2 seconds over the Christmas period; and

  • All the Megastores seeing sales over £1million each in the first week of the Sale.

  • Gross margins across the Group were down 0.8% year on year, driven by the Group's decision to drive sales through the peak period as well as product and market mix.

  • Renewal & Transformation plan continues to deliver consistently strong results:-

  • All new format stores delivering consistent gross profit uplifts, especially the Megastores and combination 2-in-1 stores across the Group;

  • On track to deliver £50 million of cost savings this year as part of the £200 million 4 year cost saving programme.

  • Very good product availability over the Christmas period with stock turn up over 10% year on year.

  • The Group is entering into a period of consultation with its UK defined benefit pension scheme members to close the scheme to future accruals.

12 Weeks ended 9 January 2010


Underlying sales growth (Sterling)

Underlying sales growth (Local Currency)

Like for like growth

   UK & Ireland Electricals




   UK Computing




UK & Ireland








Other International








Total Group




John Browett , Chief Executive, commented: 

"Customer response to Christmas and the Sale has been even better than we expected with strong demand across all the categories and countries. This performance reflects the benefits of the actions we are taking to revitalise the business as part of the Renewal & Transformation plan, with particularly pleasing performances in our Megastores and 2-in1 stores.

This excellent performance across the Group is testament to the hard work and commitment of our colleagues throughout the business.  

Looking forward, we expect 2010 to be tough across Europe and notably in the UK given the economic environment. However, we expect to continue to benefit from the self help of our Renewal & Transformation plan and continue to build solid foundations for future growth."

- Ends -

For further information 

David Lloyd-Seed,    Group Director of Communications, DSGi        01727 205065

Mark Webb,               Head of Media Relations, DSGi                           01727 205019

Information on DSG international plc is available at


1.    Underlying Group sales exclude sales from closed businesses and discontinued operations.  Sales for the 12 weeks ended 10 January 2009 have been re-

       presented to reflect this exclusion. Closed businesses comprise the operations of PC City in Sweden and Markantalo in Finland. Discontinued operations

       comprise Poland and Hungary.

2.    Like for like sales are calculated based on stores that have been open for a full financial year both at the commencement and end of the financial period, and

       are calculated using constant exchange rates. Customer support agreement sales are excluded from all UK like for like calculations. Operations that are

       subject to closure have sales excluded as of the announcement date. Stores subject to a refurbishment are excluded during the period of refurbishment

3.    UK & Ireland Electricals comprises Currys, and Dixons Tax Free as well as the operations in Ireland.

4.    UK Computing comprises PC World, DSGi Business and The TechGuys. Like for like sales are for PC World only.

5.    Nordics comprises the ElkjØp group.

6.    Other International comprises Greece (Kotsovolos and Electro World), Italy (UniEuro and PC City Italy), Spain (PC City Spain), Turkey (Electro

       World), Czech Republic (Electro World) and Slovakia (Electro World)

7.    e-commerce division comprises and PIXmania.

8.    Movements in the financial position, including levels of borrowings, of the Group since the last Interim Report are reflective of the trading performance

       outlined above. Other than this, there have been no significant changes in financial position.    

9.    Certain statements made in this announcement are forward looking. Such statements are based on current expectations and are subject to a number of risks

       and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward looking statements.

       Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward

       looking statements, whether as a result of new information, future developments or otherwise.

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

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