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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Future PLC (FUTR)

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Tuesday 03 August, 2010

Future PLC

Interim Management Statement

RNS Number : 3916Q
Future PLC
03 August 2010


3 August 2010

Future plc

Interim Management Statement


Future plc, the international special-interest media group, today publishes its Interim Management Statement for the nine-month period ended 30 June 2010. 


Outlook for the year ending 30 September 2010


The Board expects that the Group's results for the full year to 30 September 2010 will be in line with market expectations. 


Trading summary for the nine months ended 30 June 2010*


Since reporting its interim results on 20 May 2010, trading has continued in line with the Board's expectations.


·     Revenue trends continue to encourage: Q3 revenue up 2%

·     Group revenue down 3% year to date against -5% in H1

·     All costs under control, mitigating revenue reduction

·     Focus on debt reduction continues with net debt down 32% year-on-year


Stevie Spring, Future plc Chief Executive said:


"We've seen a continuation in the trading patterns that we reported at half-year, with revenues stabilising year-on-year, and some more positive trends in advertising. We continue to maintain flexibility in managing our portfolios.  That flexibility will serve us well as we navigate through the continued uncertainty of the macro-economic environment and overall we remain confident that we are as well-positioned as we can be for the future." 


Business update


In the UK (which comprises 70% of Group revenue), revenue for the nine months was down 1%.  Advertising has continued to improve strongly quarter-by-quarter, while circulation revenue remains soft, as expected.  Circulation weakness is driven primarily by Games (19% of UK revenue) which continues to experience a tough market and difficult comparatives.  Elsewhere in the portfolio, notably music, sports, technology and crafts, we've seen stronger performances. 


In the US (which comprises 30% of Group revenue), we've continued to make good progress towards returning this business to profitability. Revenue for the nine months was down 7%, as expected, partly reflecting our stated strategy of publishing many fewer specials. As at half-year, both advertising and circulation remain challenging, but customer publishing revenue continues to show strong growth.


Financial position


The Group is strongly cash generative, with a healthy balance sheet.  Net debt at 30 June 2010 was £16.1m (1.28 times bank EBITDA), down 32% year-on-year. The Group continues to operate within all bank covenants.

Next trading update

Future will provide a pre-close trading update on 28 September 2010 and will announce its Annual Results (for the year to 30 September 2010) on 24 November 2010.



*Unless otherwise stated all percentage changes shown are with the corresponding period in the prior year and are expressed in constant currency.





Future plc

Stevie Spring, Chief Executive                                      Tel: 020 7042 4007

John Bowman, Group Finance Director                       Tel: 020 7042 4031

Vicky Bacon, Head of Group Communications          Tel: 020 7042 4033/ 07940 530 424


Financial Dynamics:
Charles Palmer, Nicola Biles                                          Tel: 020 7831 3113



About Future: Future plc is an international special-interest media group that is listed on the London Stock Exchange (symbol FUTR).  Founded in 1985 with one magazine, today we have operations in the UK, US and Australia creating over 180 special-interest publications, websites and events for people who are passionate about their interests.  We hold strong market positions in games, film, music, technology, cycling, automotive and crafts.  Our biggest-selling magazines include T3, Total Film, Digital Camera, Fast Car, Classic Rock, Guitar World, Official Xbox Magazine, Official PlayStation Magazine, Nintendo Power, Maximum PC and MacLife.  Our websites include,,, and  Future sells more than three million magazines each month; we attract more than 27 million unique visitors to our websites; and we host 27 annual live events that attract hundreds of thousands of enthusiasts.  In addition, Future exports, syndicates or licenses its publications to 90 countries internationally, making us the UK's number one exporter and licensor of monthly magazines.

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

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