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 29 June, 2007


Trading Statement

29 June 2007

                                                                    29 June 2007

                                     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 2007, due to be published on 3 September 2007.

Organic sales growth in the first half, on a constant currency basis, is
expected to be about 7%.

In Severe Service, order intake for new valves remains strong both in power
generation and the oil and gas segments. There has been some catch up in the
shipment schedules against order book growth which has helped to rebalance some
of the seasonality in our shipments profile. Organic sales growth in the first
half should be in excess of 20%.

In Fluid Power, European end markets continue to show good momentum. The North
American truck market is, as expected, sharply down, but the European truck
market is strong and has helped offset some of this decline. Excluding North
American truck, our other sector businesses within Fluid Power continue to grow
at about 15%. Overall, organic sales growth in Fluid Power in the first half is
forecast to be around 2%.

Indoor Climate has continued to perform strongly in its core European markets.
Eastern Europe, Asia Pacific and the US have all shown good momentum. First half
sales are expected to reflect organic growth of around 10%.

In Beverage Dispense, the European and Asia Pacific markets have performed well.
Although the US market remains patchy, we have seen some improvement in
shipments to the quick service restaurant sector. Progress in 3Wire, our parts
management business in the US, continues to be encouraging. Beverage Dispense
organic sales growth is forecast to be about 5% in the first half.

In Merchandising Systems, the cosmetics sector is performing well, while the
automotive sector remains relatively subdued. Organic sales are forecast to be
slightly ahead for the first half and we enter the second half with a stronger
order book.

Our restructuring programme announced in March last year is continuing on track.
The transfer of certain manufacturing facilities from the US and Western Europe
to Mexico and the Czech Republic is making good progress. Restructuring costs
for the first half are in line with plan and expected to be about £11m, compared
to £7.7m in the first half of 2006.

We continue to face metal and material cost headwinds which are being addressed
through our restructuring and procurement programmes. The recent flooding in
Yorkshire, UK resulted in severe damage and disruption to one of our facilities.
The self-insured costs have been estimated at £2m in arriving at the guidance

We expect a first half profit of £90-£93m before tax, restructuring costs and
intangible amortisation which, at the mid point, represents an increase on a
constant currency basis of around 9% over last year. In arriving at this
guidance, the impact of changes in the fair value of financial instruments
(IAS39) is estimated to be a credit of £1m. The comparable result for 2006 was
£88.1m (after an IAS39 credit of £0.9m).

                                    - Ends -                                    

IMI plc                                                                   
Graham Truscott, Communications Director                      Tel: 0121 717 3712
Weber Shandwick Financial                                                 
Nick Oborne/Stephanie Badjonat/Charlie Hooper                 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

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