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 (MONY)

  Print      Mail a friend

Thursday 26 June, 2008

Trading Statement

RNS Number : 5597X Group PLC
26 June 2008 Group PLC

26 June 2008 Group PLC ('' or the 'Group'), the UK's leading price comparison site, issued the following trading update relating to the six month period ending 30th June.

The Group commenced trading on 22 June 2007 and, accordingly presents its financial information on a pro forma basis to show what the financial results would have been had the Group in effect been trading since 1 January 2006 [1] [2]. The directors believe that this will allow users of the financial information to gain a better understanding of the underlying performance of the business. The interim and full year results will be presented on the same basis. The commentary below is based upon the pro forma results unless otherwise stated.

The financial results for the group for the first six months of the year are in line with the Board's expectations. Group revenues for the first half of 2008 are expected to be in the region of £100m, which represents a year on year increase in excess of 25%. Group EBITDA margins are expected to be in the region of 30% with the underlying UK EBITDA margins in excess of 32% broadly consistent with the second half last year.

Trading conditions in the Money vertical remained extremely challenging, especially in loans and mortgages which on a monthly basis continued to worsen throughout the second quarter. However we have continued to see strong growth in credit cards and savings. As a result the Group expects the Money vertical to deliver high single digit growth over the same period last year.

Revenues in the Insurance vertical are expected to be in the region of 50% ahead of the first half last year with good levels of growth across all channels. Growth rates in motor insurance the largest insurance channel, in particular, have held up extremely well in the face of significant increases in marketing spend from a number of other price comparison sites.

Revenues in the Travel vertical are expected to be in the region of 45% ahead of the same period last year. Growth has been strong across all channels with Package Holidays in particular performing well based on improvements to the core product.

Revenues in the Home Services vertical are expected to be in the region of 75% ahead of the same period last year with the Utilities channel continuing to drive the majority of the growth

Cost growth in the Group has been controlled and is in line with the Board's expectations for the first half of the year. In particular the Group has held its marketing budget firm in the face of some significant marketing expenditure by some other price comparison sites. The Board has taken the decision to scale down substantially its intermediary operation particularly the packaging business. The intermediary business is expected to generate approximately £4m of revenues in the first half of the year and does not make a positive contribution to Group EBITDA.

The board does not expect to see any significant growth in the cost base in the second half of the year.


Simon Nixon, chief executive of commented: 'The strength of our diversified strategy is really evident in the first half. The problems in the UK loan and mortgage markets are well documented and have naturally impacted our activities in that area. Nevertheless, that we expect to end the first half of the year broadly in line with our targets and with overall revenue growth in excess of 25% shows the underlying strength of our diversified business model.'

Interim results for the six months ended 30th June 2008 are due to be announced on 27th August 2008.

For more information, please contact:

Paul Doughty, chief financial officer, 07789 712787

Ian Williams, director of communications, 07515 329671

Tulchan Communications

David Trenchard, 07771 867757

Susanna Voyle, 07980 894557

[1] Assuming a debt free acquisition of Financial Group Limited by on 1 January 2006, from which date intangible amortisation commenced, and a share option charge which reflects the average charge over the vesting period of currently unexercised options.

[2] Adjusted EBITDA is calculated by the directors by making certain adjustments to the historical compensation levels of the directors and senior managers, and share based bonus awards to employees on the listing of These adjustments reflect the directors' and senior managers' profit share, discretionary bonus and related employers' national insurance contribution. They also include charges relating to the issue of free shares to each eligible employee to the value of £3000, charges relating to the conditional share award made to Gerald Corbett on listing and charges related to share based compensation relating to options issued prior to listing. Following listing, these elements of compensation no longer apply at these levels.

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