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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Tuesday 05 February, 2002


Trading Statement

5 February 2002

                                 EMI GROUP plc

                                 TRADING UPDATE

LONDON 5th February 2002: EMI Group plc today announces that profit before tax,
amortisation and exceptional items ('Adjusted PBT') for the year ending 31st
March 2002 is now expected to be in the order of £150m. This compares with a
market range of £160m to £207m.

This reduced expectation is the result of a lower full year sales forecast in
the Recorded Music division, adverse exchange rate movements, and some specific
one-off costs.

Despite strong performances in the UK and much of continental Europe, the second
half outlook for turnover in Recorded Music is impacted by the continuing
economic downturn in Latin America and Asia, underperformance in the USA and the
slippage of some important Japanese album releases into the next financial year.

EMI Music Publishing is on track to exceed last year's excellent result despite
the unhelpful conditions in the music and advertising markets.

Management is confident that the Recorded Music business will see a significant
improvement in profitability in the years ahead under Alain Levy's leadership.
Since his appointment as Chairman and CEO of EMI Recorded Music in October, he
has set about strengthening his management team, eliminating loss making
businesses and developing a strategy to drive long term growth.

A presentation on the wide-ranging changes already made, in progress and
planned, together with the costs of these actions and their expected benefits,
will be made in London on 20th March 2002.

Alain Levy said: 'We are now in the middle of a major redesign of EMI Recorded
Music which will result in a reduction in our cost base, but will also make us
more efficient and more competitive in order to drive growth.

'We have made several very important organisational changes in the last few
weeks, and more will come in the weeks ahead. Since joining EMI, David Munns and
I have grown increasingly convinced that the company has a fantastic collection
of people and assets and that performance, in terms of sales and profitability,
can be improved quickly.

'There's no doubt that some of our difficulties are a function of music industry
practices. We're committed to finding new ways to do business and to placing
long term, sustainable development at the top of our agenda.

'Missing a target is not good news - but most important for EMI is the shape of
things to come. We are on a path to reshaping the Recorded Music group and we
are very positive about the future.'

Eric Nicoli, Chairman of EMI Group, said: 'This is a disappointment for us all,
but Alain Levy and his team have made great strides in restructuring and
repositioning our Recorded Music business. The actions taken are already making
a positive impact, the emerging strategic plan is compelling, and we are
confident that the group can make substantial progress as we move into the next
fiscal year and beyond.

'With regard to the dividend, as we stated in November, the final dividend will
be determined by the Board at the end of the fiscal year in the context of the
full year trading outcome, our assessment for the prospects for next year and
future years and our investment plans for both EMI Recorded Music and EMI Music


EMI Group plc

Amanda Conroy              SVP, Corporate Communications       +44 20 7667 3216

Siobhan Turner             Investor Relations Director         +44 20 7667 3234

Brunswick Group Limited

Patrick Handley                                                +44 20 7404 5959

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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