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:

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  • 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 21 November, 2001


Trading Statement

21 November 2001

21 November 2001

ITE Group Plc ('ITE' or the 'Company')

Trading Update

2001 Results

Following the appointment of Stephen Warshaw as Chief Executive of ITE on 22
October 2001, the Board has reviewed its financial performance for the trading
period just completed (the year to 30 September 2001) and expectations for the
current financial year to 30 September 2002.

Based on this review, the Board is pleased to confirm that ITE's operating
results for the year ended 30 September 2001 will be in line with market
expectations. This principally reflects robust trading in ITE's original core
markets of Russia and the CIS.

As highlighted at the time of the Company's interim results, published in May
2001, economic conditions in Turkey and the downturn in the technology sector
have adversely affected the profitability of the Group in the current
financial year. It is expected that trading will continue to be difficult in
these areas and this has led the Board to conclude that the goodwill
impairment announced at the time of the interims will need to be extended. The
Board expects that further goodwill write-downs of in excess of £20 million
will be recorded in ITE's audited results for the year ended 30 September

Current Trading

The Directors are pleased to announce that in the first six weeks of the
current financial year, the Company's operations in its core territories have
again performed well and attendance levels at exhibitions have surpassed their
expectations. In addition, the Directors are pleased to report that there have
been higher levels of re-bookings than anticipated in light of recent weakness
in certain key global economies and following events on 11 September 2001.
These events have had a limited adverse effect on the business, although it is
the Directors' belief that the three Tourism and Travel exhibitions in Russia,
Ukraine and the Czech Republic are susceptible to cancellations. However, more
importantly, contributions from Turkey, Egypt and Asia are unlikely to meet
management's original expectations for the current year. The Board now
believes that profit for the current year will be in the region of twenty per
cent. below that achieved in the year to 30 September 2001. It is important to
note this position partly reflects the biennial nature of ITE's business.

ITE's cash position remains strong. Although the Group may take advantage of
selective acquisition opportunities in its core markets, management's primary
focus in the immediate future will be on improving the quality of ITE's
current portfolio of businesses.

For further information, please contact:

ITE Group Plc                                      020 7596 5000

Stephen Warshaw

Ian Tomkins

Buchanan Communications                            020 7466 5000

Richard Oldworth

Isabel Petre


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