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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Gresham Computing (GHT)

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Friday 04 January, 2008

Gresham Computing

Trading Update

Gresham Computing PLC
04 January 2008

Gresham Computing plc ('Gresham' or the 'Company')

4 January 2008

Trading update

Gresham Computing plc provides the following update to progress in respect of
the year ended 31 December 2007.


We expect to report a significantly improved second half to 2007.  The EBITDA
loss for the second half is expected to be broadly half of that seen in the
first half.

Cash Reporting

We have further increased the number of providers and currencies available on
the Clareti Cash Reporting Service at the request of our user banks. We now have
29 major banks (an increase of 7 in 12 months) that have agreed to provide data
to the service of which data from 20 of them is now available in 19 currencies,
with more on the way. There are 9 user banks, some of which have deeply embedded
our solution in their back office environment. We are currently collating data
and building the business case for another 20 banks.

When the service was originally launched the primary targets were the banks as
the end users of the data. Our experience indicates that while the pressure for
real-time data grows, especially in a credit crunch, the most significant driver
of new revenues for us is the demand for intra-day/real-time cash management
information from the banks' corporate customers. This can then be used by the
corporate for intraday decision making and hence drives new revenues for the
bank. It also acts as a differentiator in a globally competitive market.

As at the 31 December 2007, our solutions were enabling 10 corporate customers
of a major UK clearing bank with intraday cash management information. We
currently have a pipeline of several hundred new corporate users and will be
working closely with our partners to bring these onboard during 2008 and beyond.

Payables Financing

The payables financing service went live in the second half of 2007 initially in
Australia. The service is live with the first major corporate buyer and two more
buyers are being integrated onto the service. We have a strong pipeline of blue
chip customers and a proven business and technology solution working in
conjunction with a major global bank.

Treasury Management

Our partnership with Wall Street Systems continues to develop. We have made
significant progress in this area in the latter stages of 2007, albeit that much
of the revenue will impact 2008.  We expect this relationship to deliver
significant additional returns in 2008, capitalizing on the strong pipeline
generated in 2007.


Our Virtual Tape Library solution (Clareti VTL) is growing in importance to the
group and has now been successfully installed at 13 customer sites. The addition
of high quality sales resource in the second half of 2007 has generated a step
change in pipeline opportunity and we now enter 2008 with agreed proof of
concepts where, if successful, our VTL solution will be deployed widely in FTSE
100 sized companies, initially in North America.


We start the year with a very substantial level of contracted revenues for 2008
in the above mentioned areas of our business. We also have a strong pipeline of
new or incremental revenue in each of our core areas of business. We are
aggressively pursuing these opportunities which we believe will have significant
impact on our trading performance in 2008 and beyond.

                                    - Ends -

For further information, please contact:

Gresham Computing plc              +44 (0)20 7653 0200

Andrew Walton-Green

KBC Peel Hunt                      +44 (0) 20 7418 8900

Oliver Scott

Financial Dynamics                 +44 (0)207 831 3113

James Melville-Ross

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

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