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.

 Information  X 
Enter a valid email address

Elementis PLC (ELM)

  Print      Mail a friend       Annual reports

Tuesday 16 October, 2001

Elementis PLC

Trading Statement

Elementis PLC
16 October 2001

16 October 2001

                     ELEMENTIS plc TRADING UPDATE

At the time of the interim results announcement at the beginning of August,
Elementis indicated that market conditions were in line with those of the
first half of the year, but that the outlook for the US economy, and the 
resulting impact on the global economy, was the most significant factor in 
determining short term prospects for the Group.

Since that announcement, trading conditions have worsened, particularly in the
US.  Sales for the three months ended 30 September 2001 were 5 per cent lower
in sterling terms than in the comparable period last year, the stronger US
dollar masking lower underlying trading performance. On a constant currency
basis, sales for the quarter declined by 7 per cent. These figures reflect a
further weakening of the US economy in August and a sharp reduction in
business activity since the tragic events of 11 September, resulting in lower
profitability for the quarter than previously anticipated.

The outlook for the final quarter of 2001 and beyond is very difficult to
predict, but it is likely that profit before goodwill amortisation and
exceptionals for the second half of the year will be less than half the level
achieved in the first six months.  This takes into account current sales
levels, higher manufacturing costs per unit resulting from lower short-term
production levels necessary to reduce inventories (particularly affecting
Elementis Pigments) and higher pension costs.  An actuarial valuation of the
Group's UK pension fund as at 30 September 2001 is being undertaken; this is
likely to result in higher pension costs in the fourth quarter of this year.

Increasingly tight controls over working capital and capital expenditure
should ensure that net borrowings at the end of 2001 will be well below that at 
the half year stage.

The usual pre-close period trading update will be given in December.

                                   - Ends -


Elementis plc                                             020 7398 1400
Jonathan Fry            Chairman
George Fairweather      Group Finance Director
Anna Passey             Head of Corporate Communications

Brunswick Group Ltd                                       020 7404 5959
Andrew Fenwick
Rupert Young

Elementis plc
One Great Tower Street
London EC3R 5AH
Telephone: +44 (0) 207 398 1400
Facsimilie: +44 (0) 207 398 1401


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