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

Friday 30 June, 2006


Trading Statement

30 June 2006

                                                                    30 June 2006

                                    IMI plc 

                                 Trading Update

In accordance with its normal practice, IMI plc is today issuing a trading
update in advance of its interim results announcement for the six months ending
30 June 2006, due to be published on 4 September 2006.

Trading to date in our Fluid Controls businesses continues to demonstrate good
underlying momentum. Our Retail Dispense businesses, as already indicated, will
be behind last year for the first half but we expect a stronger second half.

In Severe Service order intake for new valves remains buoyant both in the power
segment and oil and gas. Customer Service orders also remain healthy. Overall
shipments in the first half are expected to be around 10% ahead of last year.
Truflo, acquired with effect from 26 April, has traded well in the first few
weeks of ownership, with continuing good demand.

Within Fluid Power the improvement in European demand seen at the start of the
year has continued although the UK market is somewhat subdued. The US and Asia
remain positive and our sector growth continues to be encouraging. In global
truck, demand is expected to remain strong for the whole of 2006 and we are
pleased with the contribution being made by GT Development, acquired at the end
of last year.

Indoor Climate is on course to produce a good first half performance and is
expected to show organic growth of around 3% with both TRV and balancing valves
showing positive momentum. High metal prices however, remain challenging.

In Beverage Dispense, fewer major account conversions by brand owners and some
delays in shipment call-offs have resulted in the normal seasonal momentum in
the second quarter in the US being lower than in previous years. In Europe the
outlook has improved and in the UK and Asia the underlying momentum remains
positive. As stated at our Annual General Meeting, sales will be lower in the
first half but are expected to pick up in the second half. Northern Parts, the
recent acquisition in our parts management business, has made a good start.

In Merchandising Systems, dealer activity in the US automotive sector remains
slow but the normal second half seasonal impetus is expected. Our beverage,
grocery, and consumer electronics sectors continue to deliver good growth and we
see a number of key programme opportunities in the second half for our front-end
merchandiser business. In the US, we have increased our investment in both
category management and the development of a cosmetic sector.

We are pressing ahead with our restructuring programme announced in March and
have already started to implement a significant relocation of some of our US
Fluid Power operation. Restructuring costs in the first half are expected to be
around £7m compared to £2.2m in 2005.

We expect the first half profit before restructuring costs and intangible
amortisation to be £84-87m. In arriving at this guidance we are not anticipating
any significant impact from the change in fair value of financial instruments
(IAS39). The equivalent number in 2005 for continuing businesses was £69.6m
(after a charge of £2.9m under IAS39).

                                    - Ends -
IMI plc
Graham Truscott, Communications Director                      Tel: 0121 717 3712

Weber Shandwick Square Mile
Nick Oborne/Stephanie Badjonat                                Tel: 020 7067 0700

Notes to editors

IMI is a dynamic, worldwide company delivering innovative engineering solutions
to leading global customers in clearly defined niche markets. Its five
businesses share a common goal - to convert their industry knowledge and market
insight into customised, design-engineered solutions which create customer
advantage and value. These include severe service valves, motion and fluid
control systems, indoor climate controls, beverage dispense systems, and
merchandising display systems for retail operations.

Close customer relationships, strong positions in growing markets and clear
differentiation through technological innovation or service are the defining
characteristics of all IMI businesses.

IMI is quoted on the London Stock Exchange. Information about IMI plc can be
found on the website:

                      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