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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Monday 25 June, 2001



25 June 2001

25 June 2001

           IMI's repositioning continues with £55 million disposal

IMI plc, the major international engineering group, has announced the sale of
a number of its smaller businesses in Energy Controls to Tyco Flow Control
(UK) Ltd for £55 million in cash. The businesses sold comprise the Safety
Systems Group (Bailey Birkett, Amal and Marston Bursting Discs in the UK), the
ball valve business (Mecafrance in France and MCF in the US) and Cash Valve in
the US. In the year ended 31 December 2000 these businesses had a combined
operating profit of £5.5 million on sales of £48 million. The value of
transferred assets at completion was £25 million. The proceeds of sale were
paid in full on completion and will be reinvested in IMI's businesses.

IMI recently announced its intention to focus on a fewer number of higher
growth businesses and this disposal is a further step in that process. Energy
Controls is now predominantly a Severe Service control valve business based
upon CCI, the global market leader in severe service valves supplied to the
growing power, oil & gas markets. Including BTG, acquired in February, IMI's
revenues in the Severe Service sector are now in excess of £115 million per

IMI's Chief Executive, Martin Lamb, commented: 'The sale of these businesses
makes a great deal of sense for both parties, complementing Tyco Flow
Control's broader industrial offering, whilst sharpening IMI's focus on the
niche Severe Service sector. During the first half of this year we have
acquired BTG, in Severe Service, and Display Technologies, in our Point of
Purchase (PoP) display business at a combined cost of £42 million and have now
generated £55 million in sale proceeds. The combination of these three
transactions is expected to be earnings enhancing in the first full year.'

                                   - Ends -

Further information on Severe Service can be obtained from the CCI website


In the Chairman's Statement at the AGM, IMI announced that it would in future
be issuing a trading update before the interim and preliminary results
announcements. The first such trading update will be issued on 3 July.


IMI plc                                           Tel: 0121 332 2211
Martin Lamb, Chief Executive
Trevor Slack, Finance Director

Issued by:

Weber Shandwick Worldwide                         Tel: 020 7329 0096
Ben Padovan


a d v e r t i s e m e n t