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.

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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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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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Universe Grp. (UNG)

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Friday 15 November, 2002

Universe Grp.

Trading Statement

Universe Group PLC
15 November 2002

15 NOVEMBER 2002


This time last year Universe announced the degree to which its Master Change
business experienced a reduction in trading in Paris consequent upon the
terrorist attacks of 11th September 2001.  Regular updates have been given over
the past twelve months and as we move into our final two months of trading the
Board considers it appropriate to give an update on all three group businesses,
HTEC, Master Change and First Remit.


Our largest business is HTEC.  Our high hopes for the petrol retailer business
are being realised and there is a slow but steady return of Contract Electronic
Manufacturing work.  Our orders indicate a good carry-over into the early part
of next year.  Our product development efforts continue and HydraPOS is a big
success this year.  Our current developments include:

-     An on-line host for petrol retailer loyalty schemes

-     Video switch for information systems

-     Automatic Number Plate Recognition for forecourts

-     Chip and PIN, principally for petrol retailers

The biggest loyalty scheme in the UK, Nectar, was launched a month ago.  We are
pleased with the success of Nectar where we are responsible for handling the
data emanating from the filling station network of one of its participants.

Master Change

US tourists are not returning to Paris in their previous numbers.  Unofficial
estimates are that there have been one million fewer visits to Paris by
Americans.  As a result and in spite of the revenue from new shop openings,
Master Change will finish the year with profits which are significantly below
last year's.  Masterchange as a whole is however still operating profitably. In
the light of the continuing impact of fears arising from terrorism and the war
on terrorism we must anticipate that these quieter trading conditions for Master
Change will continue for the foreseeable future.

First Remit

This initiative is developing well.  On 20th September 2002 we announced a
further twenty country openings.  In the ensuing six weeks First Remit has
contracted to open a further five countries (Croatia, Burundi, Ghana, Bangladesh
and Ireland) which will bring our total to thirty four countries, including our
'send' countries, UK, Belgium, UAE and Ireland.

Our send agents continue to grow in number and quality and our transaction
numbers increase month by month at a satisfactory rate.  We are still operating
below break even but on the basis that the current growth rate continues we will
achieve operating profits next year.


We expect a strong finish to the current year, especially at HTEC.  Our first
half generated group pre-tax profits of £232,000.  This level of profitability
was exceeded in the third quarter of the year.  Having regard to the factors
applying in the year, a strong result - but not as strong as last year - will be
delivered for the year as a whole.

Commenting, Ray Mackie, CEO of Universe Group said:

'HTEC has managed it's way through a challenging trading period and with a
strengthening order book is showing strong second half improvement, while the
team at Master Change has done an excellent job in remaining profitable during 
a very bleak trading period for tourism in Europe.  In First Remit we have the
makings of a large and profitable new business.'

For Further Information:

Universe Group plc
Ray Mackie, Group Chief Executive               020 7486 9074

Teather & Greenwood Limited
David Galan                                     020 7426 9000

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

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