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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Friday 08 August, 2003


Trading Statement

08 August 2003

                                                                   8 August 2003

                                  UK COAL PLC

                              PRE CLOSE STATEMENT

UK COAL is hosting a visit for analysts to some of its operations on Monday and
Tuesday next week, and in-line with best practice is issuing the following
trading statement prior to publication of its interim results, for the 6 months
ended 30 June 2003, on 10 September 2003.

UK COAL sales volumes in the first 6 months were up 3% at 9.9 million tonnes
(2002: 9.6 million tonnes). However, due to competition with international
prices and the strength of sterling, unit income per gj was 6% lower than the
same period last year.

Deep mine production in the period was 7.9 million tonnes (2002: 8.3 million
tonnes). Daw Mill Colliery has continued to make good progress, with output
averaging 35,000 tonnes per week in the first half. The Selby complex continued
to incur losses at similar levels to the first half of last year; but it is
anticipated that the losses will reduce in the second half year as conditions
improve and development costs reduce ahead of the closure scheduled for March
next year.

New flexible working arrangements that will improve efficiency and reduce unit
costs are to be introduced to Maltby Colliery, South Yorkshire on August 17 with
the agreement of mineworkers and supervisory staff.

Applications for Investment Grant aid relating to accessing coal reserves at the
Group's ongoing deep mines, have been submitted to the Department of Trade and
Industry in line with the scheme outlined in the Energy Review White Paper. If
approved, the schemes will access over 100 million tonnes of reserves and help
safeguard nearly 4,000 jobs.

UK surface mine production reduced to 1.8 million tonnes (2002: 2.2 million
tonnes) as some high production sites completed coaling. Securing planning
consents has remained difficult with no new planning permissions being received
in the period. This will impact on output levels in future years.

We have made significant progress in realising the value for the property assets
with sales in the first 6 months of £8.3 million (2001: £1.1 million), although
it is unlikely there will be further significant sales during 2003. We are
continuing to review our strategy to realise the value from our property
portfolio, which was valued last year at £174 million.

In Australia the sales process for Gloucester Coal is continuing with the
distribution of an information memorandum to interested parties. No firm offers
have yet been received.

Overall performance improved in our ongoing deep mines, driven by Project 105
initiatives to reduce unit costs. These gains, together with the benefits to be
derived from our substantial property interests, continue to position UK COAL
for an improved 2003 over the previous year.


Gordon McPhie, Chief Executive                    01302 751 751

Gavin Anderson & Company                          020 7554 1400
Liz Morley
Ken Cronin

Operational:                                      01525 381 759
Stuart Oliver

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

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