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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National Express (NEX)

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Monday 03 July, 2000

National Express

Settlement of US Litigation

National Express Group PLC
3 July 2000

                          NATIONAL EXPRESS GROUP PLC
                          Settlement of US Litigation

In  June  1998  National  Express Group ('National  Express')  announced  that
Atlantic  Express  Transportation Group Inc. ('Atlantic'),  a  New  York-based
student  transportation operator, had commenced legal proceedings in New  York
for  compensatory and punitive damages for an amount potentially in excess  of
$75 million (£50 million).

Atlantic  claimed  that  confidential information gained  as  part  of  a  due
diligence  process  was  used by National Express to  acquire  Crabtree-Harmon
Corporation  ('Crabtree-Harmon'), a school  bus  company,  in  1998.  National
Express has consistently maintained that the information was not used and  had
no bearing on its acquisition of Crabtree-Harmon.

National Express has been involved in protracted discussions with Atlantic and
its legal representatives concerning this claim for the last two years. It  is
now  in a position to assess the risks to which the Group would be exposed  if
it pursued its defence further. Against a background of the potential for very
high  levels  of  damages and - with the case about  to  go  to  trial  -  the
unpredictability  of being tried by a jury, National Express  has  reluctantly
decided,  with  no  admission  of  liability,  to  pay  Atlantic  the  sum  of
$24.5 million (£15.6 million) in full and final settlement of the claim.

Phil White, Chief Executive of National Express, said:

'It is now two years since Atlantic lodged its claim. During this time we have
invested  almost $600 million (£400 million) on eight acquisitions in  the  US
transportation  industry  and  established  ourselves  as  a  leading   public
transport operator employing over 16,000 people.

We  have consistently maintained that Atlantic's allegations are unfounded and
continue to do so.  However, we have concluded that it is not in the interests
of  our shareholders to expose the Group to the considerable risks involved in
allowing  this case to go to trial - in the plaintiff's home state - before  a
jury which has the power to award excessive punitive damages. We needed to end
the uncertainty which this case has created and believe this settlement is the
only prudent way to draw a line under the matter once and for all.

The  settlement has no effect on the ongoing operations of our US Group, which
continues to perform in line with expectations.'

For further information:

Phil White, Chief Executive
Helen McCorry, Group Communications Manager
National Express Group                            020 7529 2000

Nicola Marsden/Steve Jacobs
Financial Dynamics                               020 7831 3113


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