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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Xansa PLC (XAN)

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Thursday 01 November, 2001

Xansa PLC

Re Joint Venture

Xansa PLC
1 November 2001

1 November 2001



Xansa, the Business Consulting, Information Technology and Outsourcing
company, today announced its intention to create a joint venture with Barclays
acting through Barclaycard, Europe's leading credit card issuer.  This
innovative contract based on the principles of shared success sets a new
benchmark in IT outsourcing.

The venture is being set up to provide a broad range of services including
software development, support of existing business applications and the
management of future strategic technology developments for the Retail and
Commercial operations of Barclaycard.  The new venture will be jointly owned
by Xansa and Barclays, with a shareholding split of 49:51  respectively.
Xansa will have operational and board control.

The joint venture builds upon the strong business relationship developed
between the two organisations over the past decade.  It will focus on
delivering Barclaycard's business needs and has been structured to accommodate
future growth.  The venture will deliver tangible benefits to Barclaycard
through Xansa's expertise in business transformation, exploitation of emerging
technologies and delivering major strategic programmes simultaneously.

The proposed minimum commitment will be for £124m over five years.   The
venture will also have the capability to deliver further financial benefits to
both partners based on future expansion.   As part of the joint venture around
450 jobs are expected to transfer to Xansa. No job losses are planned and it
is expected that negotiations will be completed by the end of the calendar

Gary Hoffman, Chief Executive at Barclaycard said:

'We chose Xansa because of their strong track record in delivering best value
and service excellence, together with a commitment to developing our people's
skills and offering them even broader career opportunities.  Xansa and
Barclaycard have a well-established working relationship and in many ways, we
already feel like part of one team.  The venture is a natural progression for
both of us.'

'Agility and flexibility are key if Barclaycard is to continue succeeding in
bringing products to market quickly, backed up with the outstanding service
our customers expect.  This joint venture allows us to do just that by
focusing on delivering high value for the business through state-of-the-art

Steve Weston, Managing Director of Systems Integration at Xansa said:

'This contract plays to all our strengths by putting a sharper focus on
achieving Barclaycard critical business needs, improving efficiency by
combining best industry practice with proven world-class IT capabilities and
by providing significantly improved career opportunities and security for key
financial services IT professionals.  I personally look forward to welcoming
our new colleagues, and to working with them to develop both Barclaycard and


Rosie Symons                       Ian Barber
Xansa Press Office                 Barclaycard Press Office
Tel: 01442 434088                  Tel: 01604 258 299

About Xansa

Xansa is a company that transforms the business capability of its clients by
harnessing knowledge of selected industries and business processes with proven
skills in applying technology.

Xansa has four key areas of expertise: Business Consulting, Information
Technology, Outsourcing and Business Process Management, and operates in the
UK, North America, Continental Europe, India and Asia-Pacific.

Xansa is listed on the London Stock Exchange under the code XAN.

About Barclaycard

Barclaycard is Europe's leading issuer of credit cards. 7.9m customers in the
UK hold Barclaycards.  43% of UK adults have a credit card

Barclaycard was the first and is the UK's leading card services provider on
the Internet. Almost 600,000 customers regularly use Barclaycard's online
account services

Despite the ten-fold increase in the number of different credit cards
available in the UK in the past five years, Barclaycard recruited a record
number of new customers in 2000 - 740,000 - and led the market in new customer

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