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.

 Information  X 
Enter a valid email address


  Print      Mail a friend

Monday 07 February, 2005


Statement re Expectation Revision

7 February 2005


EMI Group announces a revision in the outlook for its recorded music division's
sales for the financial year ending 31 March 2005. Two major albums, one by
Coldplay and one by Gorillaz, originally scheduled for this financial year will
now be released in the first half of the next financial year. EMI Music's
sales, particularly re-orders, in January have also been lower than anticipated
and this is expected to continue through February and March. Therefore, for the
full year, at constant currency, EMI Music's sales are now expected to be 8% to
9% lower than the prior year.

EMI Music Publishing continues to perform well and in line with expectations.

Given the expectation that EMI Music's operating profit margin pre allocation
of central costs for this financial year will be maintained at the prior year's
level, EMI Group's profit before tax, amortisation and exceptional items
("Adjusted PBT") for the year ending 31 March 2005 will be approximately £138

Alain Levy, Chairman and CEO of EMI Music, said, "We generated good initial
sales from our second half major releases, but given recent re-order levels and
the revised timing of these two major albums, we will now not maintain market
share for the full financial year. While progression in profitable market share
is always our aim, creating and marketing music is not an exact science and
cannot always coincide with our reporting periods.

"In EMI Music, we expect to maintain our operating profit margin for this
financial year, driven by effective cost management and the efficient
implementation of our outsourcing and label restructuring. Our savings from
restructuring are running ahead of schedule and we now expect to deliver £35
million in this financial year, £10 million ahead of plan. The remaining £15
million of savings will be realised in the next financial year.

"While this rescheduling and recent softness is disappointing, it does not
change my views of the improving health of the global recorded music industry.
The physical music market is showing signs of stabilisation in many parts of
the world and digital music, in all its forms, continues to develop at a rapid

Eric Nicoli, Chairman, EMI Group, said "EMI Music's constant currency sales for
the third quarter were ahead of last year. Recently, however, we have seen
softness in our re-orders which we believe is likely to persist over the next
two months. We have also rescheduled two important albums into our next
financial year. These two factors combined have taken us outside our previously
indicated sales range for EMI Music.

"We remain positive about the overall industry trends and EMI's prospects.
Global music market conditions today are significantly stronger than in recent
years and digital music is presenting a very attractive growth opportunity.
Despite recent weakness, we are aggressively managing both of our businesses to
maximise performance in today's market and that of the future."



EMI Group plc

Amanda Conroy         Corporate Communications     +44 20 7795 7529            
Claudia Palmer        Investor Relations           +44 20 7795 7635            
Susie Bell                                         +44 20 7795 7971            

Brunswick Group LLP

Patrick Handley                                    +44 20 7404 5959

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