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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Monday 16 October, 2006


Trading Statement

16 October 2006

EMI Group provides trading update for the six months ended 30 September 2006, 
outlines strong second-half release schedule and confirms confidence in its
expectations for the full year

EMI Group plc expects to report a decline in total revenues of approximately 3%
on a constant currency basis for the six months to 30 September 2006. The
year-on-year decline in revenues is due to the phasing of EMI Music's planned
release schedule which, as previously indicated, has a greater weighting to the
second half of the financial year than in prior years. After the impact of
exchange rate movements over the period, group revenues are expected to decline
by close to 5% on a reported basis.

Underlying profit before tax, amortisation and exceptional items (underlying
PBT) is expected to be approximately £27m. The strength of upcoming releases,
together with continuing strong momentum at EMI Music Publishing and further
good progress on the cost savings initiatives announced in April 2006, give the
Board confidence that the Group is on track to deliver results in line with its
expectations for the full year.

EMI Music is expected to report a decline in revenues at constant currency of
approximately 4% for the six months to 30 September 2006. Digital revenues
continue to show strong growth and in the first half represented approximately
9% of divisional revenues. Top-selling releases over the period included new
albums from international superstar Janet Jackson and local superstars Hikaru
Utada, Chingy, Bob Seger, Trace Adkins, Underoath, Tiziano Ferro and Renaud. Of
particular note was the strong contribution from breaking and developing acts,
with successful new releases from Cherish, Letoya, Lily Allen, Jolin Tsai, 30
Seconds to Mars, The Red Jumpsuit Apparatus and on-going sales of albums from
Corinne Bailey Rae, The Kooks and Diam's.

The impact on EMI Music's divisional profit from both lower revenues and the
changed mix of releases as compared to the prior year, will be partly mitigated
by progress on the cost savings initiatives announced in April 2006. The
divisional operating margin is expected to be approximately 3% for the period
to 30 September 2006.

EMI Music's planned release schedule for the remainder of the financial year to
31 March 2007 features an exciting line up of albums from long-established
international and local superstars, as well as newly emerging global and local
talent. The highlights include albums from Norah Jones, Robbie Williams, Keith
Urban, Joss Stone, Dierks Bentley, RBD, Relient K, Tina Turner, All Saints,
Vasco Rossi, Simon Webbe, Depeche Mode, Moby and a Beatles release which
contains new music as featured in the highly acclaimed Cirque du Soleil show,
`Love', in Las Vegas. The planned artist releases, continued growth in digital
revenues and delivery of the announced cost savings, are expected to drive
strong growth in underlying revenues and profits in the second half of the
financial year.

On a constant currency basis, EMI Music Publishing is expected to report first
half revenues in line with the prior year. Performance revenues exhibited
particular strength, reflecting strong on-going chart share. The divisional
operating margin is expected to increase to approximately 25%. We expect that
EMI Music Publishing will continue to make good progress in the second half of
the current financial year, with key releases from the likes of Sting, Kelly
Clarkson, Fergie, Diddy, Scissor Sisters, Natasha Bedingfield, Kanye West and
Daddy Yankee.


All figures are at statutory rates unless otherwise stated.

All statements relating to profit refer to profit pre exceptional items,
re-measurements and amortisation of music copyrights and intangibles.

This trading statement contains forward-looking statements that are subject to
risk factors associated with, amongst other things, the economic and business
circumstances occurring from time to time in the countries, sectors and markets
in which the Group operates.  By their nature, forward-looking statements
involve a number of risks, uncertainties and assumptions because they relate to
events and/or depend on circumstances that may or may not occur in the future
and could cause actual results and outcomes to differ materially from those
expressed in or implied by the forward-looking statements.  Whilst it is
believed that the expectations reflected in these statements are reasonable, no
assurances can be given that the forward-looking statements in this trading
statement will be realised.


EMI Group plc

Amanda Conroy         Corporate Communications    +44 20 7795 7529           
Susie Bell            Investor Relations          +44 20 7795 7971                
Sonia Shah            Investor Relations          +44 20 7795 7625           

Brunswick Group LLP

Patrick Handley                                   +44 20 7404 5959

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