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;
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  • 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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  Print      Mail a friend       Annual reports

Wednesday 09 May, 2012


Interim Management Statement

RNS Number : 9211C
09 May 2012

9 May 2012


ITV plc

Interim Management Statement

Continued ITV growth driven by strong performance of ITV Studios


ITV has published the following interim management statement in advance of the Company's Annual General Meeting to be held at 11 am today.


·      External revenues up £65m (13%) to £565m (2011: £500m) in Q1 driven by non-NAR revenues

·      Total non-NAR revenues up £87m (43%) at £290m (2011: £203m) driven by ITV Studios

·      Total ITV Studios revenues up £80m (61%) to £212m in Q1 (2011: £132m) reflecting the front loaded delivery of a number of shows in 2012

·      ITV Family NAR down 1% in Q1, in line with the market

·      ITV Family SOV down 2%, with digital channels up 4% for the four months to the end of April

·      Positive net cash position of £16m impacted by the timing of pension payments

·      ITV NAR in first half is forecast to be ahead of the market up around 3%, benefitting from Euro 2012


Adam Crozier, ITV plc Chief Executive, said:


We continue to push forward with our five year Transformation Plan with external revenues up 13% in the first quarter of the year - driven by an increase in non-advertising revenues - in line with our strategy of rebalancing and growing the business.


ITV Studios again performed strongly both in the UK and internationally - particularly in the US - with an encouraging number of new commissions. ITV Studios revenues rose by 61% in Q1 to £212m reflecting the front loaded delivery of a number of shows, as well as the inclusion of ITV Breakfast production revenues now that Daybreak is produced by ITV Studios. This positive Q1 phasing is as we expected, and puts ITV Studios on track to grow revenues this year at a similar rate to 2011.


Share of viewing for ITV Family was down by 2% in the four months to the end of April, however we remain confident in our schedule with Euro 2012 in June and a strong Autumn line up.


ITV Family NAR started the year better than we anticipated but is nevertheless down 1% in Q1. While the underlying television advertising market continues to be broadly flat, we expect ITV's ad revenue to be up around 3% in H1, helped by Euro 2012. Going forward we expect to outperform the TV ad market in H1 and for the year as a whole.





1. Unless otherwise stated, all figures refer to the three month period ending 31st March 2012, with growth compared to the same period in 2011.



Revenues for 3 months to 31st March (£m)




ITV Broadcasting & Online




ITV Studios




Total Revenue




Internal Supply




Total External Revenue





Revenues for 3 months to 31st March (£m)




ITV Family NAR




Non-NAR Revenue




Internal Supply




Total External Revenue






3. Figures for ITV plc and market NAR are based on ITV estimates.  


H1 estimate assumes that ITV Family NAR is down 1% in Q1, broadly flat in April, up 6% for May and up between 12% and 17% for June.



Broadcasting and Online performance indicators




ITV Family share of viewing - year to 30 April




ITV1 share of viewing - year to 30 April*




ITV Family adult SOCI - year to 30 April




ITV1 adult SOCI - year to 30 April*




ITV1 adult impacts - year to 30 April*




Online & On Demand long form video views (all platforms) - 3 months to 31st March




*This includes ITV Breakfast. Excluding ITV Breakfast ITV1's share of viewing was 15.4% (2011: 16.1%), ITV1's adult SOCI was 25.8% (2011: 27.1%) and ITV1's adult impacts were 79bn (2011: 81bn).

Share of viewing data based on BARB / AdvantEdge data and share of commercial impact (SOCI) data based on BARB / DDS data. Share of viewing data is for individuals and SOCI data is for adults. ITV Family includes: ITV1, ITV2, ITV3, ITV4, CITV, ITV1 Breakfast, CITV Breakfast and associated "HD" and "+1" channels.

Total video views across all platforms for Online & On Demand are based on data from ComScore Digital Analytix, Virgin, BT, iTunes, Lovefilm, Sky, 3UK and Hospedia.



5. Figures presented in this interim management statement are not audited. This announcement contains certain statements that are or may be forward-looking with respect to the financial condition, results or operations and business of ITV. By their nature forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to (i) a major deterioration in the current outlook for UK advertising and consumer demand, (ii) unexpected change in regulation or legislation, (iii) failure to secure, or significant loss of programme rights, and (iv) the loss or failure of transmission facilities or core systems.



For further enquiries please contact:  


Investor Relations


Pippa Foulds                                         020 7157 6555 or 07778 031097


Media Relations


Mary Fagan                                          020 7157 3965 or 07736 786448

Mike Large                                            020 7157 3021 or 07768 261528

Caroline Cook                                       0207 157 3709 or 07799 071509

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

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