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

Gresham Computing (GHT)

  Print      Mail a friend

Wednesday 19 November, 2008

Gresham Computing

Interim Management Statement

RNS Number : 4859I
Gresham Computing PLC
19 November 2008

19 November 2008

Gresham Computing plc

('Gresham,' 'the Group' or 'the Company')

Interim Management Statement

Period 1 July 2008 to 18 November 2008

Trading update

I am pleased to report that trading for the first 9 months of 2008 remained significantly ahead of that seen in the comparative period, with continued revenue growth in our real-time financial solutions business.  

We made an adjusted EBITDA profit in the third quarter of 2008, adding to a similar profit delivered at the interim stage. This is a significant improvement from the losses in the comparative periods and is calculated excluding the profit on disposal of Redstone, noted below.

Current cash balances are broadly similar to those held at 30 June 2008.

Disposal of Redstone Software Inc

On 2 September 2008, we announced the disposal of our loss making testing and automation subsidiary Redstone Software Inc, realising a profit and net cash inflow on disposal of approximately £425,000.

We will continue to sharpen our focus on the core business and, as the opportunity arises, dispose of non-core businesses.

Business update

Against a backdrop of general economic uncertainty, we are seeing significant levels of interest for our core solutions as banks in particular come to terms with the new world economy, where information about cash is of paramount importance.

Following on from leads generated at SIBOS, the international banking conference held in September, we are currently working to secure a number of major opportunities with several banks that involve our cash reporting, deposit aggregation and supply chain finance solutions.

A major Australian retailer is the third buyer now live on our supply chain financing platform.  Average annual financing throughput now exceeds US$1.25bn based on the early phase of platform deployment to buyers and their major suppliers, with plans to roll-out to the wider supplier base of general suppliers already underway.  Our financial return increases as the solution becomes more deeply embedded within this general supplier base.  

In September, we announced a new strategic partnership with Quadrem, the world's largest global supply chain portal delivering on-demand supply chain services and solutions to improve sourcing, procurement, electronic invoicing and supplier relationship management.  Gresham, leveraging Quadrem's on-line community of over 60,000 suppliers, is able to offer banks the ability to provide both supply chain and supply chain financing capabilities on a global basis. The key is 'certainty' when doing business on a global basis; achieving one view of the truth agreed between buyer, supplier and third parties such as banks, shipping agents etc. The supply chain network becomes a robust platform for doing business efficiently and with a high degree of certainty for all parties concerned. Since the announcement of our partnership with Quadrem, we have had strong indicative interest from a number of banks and we are currently pursuing these opportunities.

Our Storage business continued to establish a sound customer base for the new Storage Director appliance, focused on the HP Non Stop market and now with more recent sales success in the IBM AS400 market. We continue to focus on building this customer base further and are actively engaged with new customers for our solutions in these niche storage markets.

We are actively working to build on the improvements seen in the first 9 months for the remainder of the year and beyond.

Note: Adjusted EBITDA profit represents Un-audited Earnings Before Interest, Tax, Depreciation and Amortisation before non-cash share option charges and before the one-off profit on disposal of Redstone.

For further information, please contact:

Gresham Computing plc    

Andrew Walton-Green, CEO    +44 (0)20 7653 0200

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