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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Brown (N.) Group PLC (BWNG)

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Thursday 15 January, 2009

Brown (N.) Group PLC

Interim Management Statement

RNS Number : 6602L
Brown (N.) Group PLC
15 January 2009

Interim Management Statement and Trading Update

N Brown Group plc, the internet and catalogue home shopping retailer, today announces a trading update for the 19 weeks ended 10th January 2009.

Group revenue both in total and on a like-for-like basis has increased in the period by 8.8%. We have seen strong demand from our established customers across all our principal product groups. The sales from new customers were level with last year, in line with the revised marketing investment in recruitment as previously announced at the time of our half year results. Online sales now account for 35% of the total, having increased by 34% compared with the same period last year.

The rate of gross margin achieved on revenue in the 19 weeks ended 10th January 2009 has fallen by 1.5%, wholly due to an increase in the charge for bad debts.  0.7% of this is due to the planned higher proportion of sales from younger customers, as they produce a higher credit risk but lower operating costs.  The remainder of the bad debt increase is due to a significant decline in the rates on offer from third party debt collectors for residual debtors. This is more a reflection of the high level of arrears from both secured and unsecured lending in the debt recovery marketplace than any material change in the quality of the debts we are transferring.  This situation is likely to endure until we are through the economic downturn, so we will be increasing the scale of our internal debt collection activity.  However this incremental cost is largely balanced by the reduced rate of interest paid on our bank borrowings.  

The financial position of the group remains stable and has not significantly changed since the interim results.  Our current banking facilities of £320m are secured until March 2012 and we anticipate an interest cover level of approximately seven times for the current financial year.

We are proceeding with our international expansion plans to launch Simply Be in Germany in February 2009 as scheduled, and simultaneously opening up our English language websites to a number of European markets. The total investment to launch will be £1m. We fully recognise the difficult economic environment in which we will be trading in 2009 and have adopted a cautious stance on customer recruitment, credit management and stringent control of overheads and cashflow. The remainder of the financial year will be determined by the customers' response to our Spring catalogues but at present the board is confident we can deliver a full year performance in line with our expectations.  


For further information please contact:

N Brown Group plc

Alan White, Chief Executive                             Tel: 0161 238 2202

Dean Moore, Finance Director                        Tel: 0161 238 2208


Gavin Anderson & Company

Fergus Wylie/Clotilde Gros                              Tel: 020 7554 1400

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

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