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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Elementis PLC (ELM)

  Print      Mail a friend       Annual reports

Thursday 16 April, 2009

Elementis PLC

AGM / Interim Management Statement

Elementis plc  ("the Company")  today issues  its Interim  Management
Statement for the  period ended  March 31,  2009 in  relation to  the
Company and its subsidiaries ("the Group").

Trading for  the first  three months  of the  year has  continued  to
experience significantly lower levels  of demand following the  sharp
downturn that occurred towards the end of 2008. In Specialty Products
sales volumes, excluding  Deuchem which  was acquired  in July  2008,
were 33 per cent lower than in the previous year with European  order
patterns particularly depressed.  Nevertheless, overall  contribution
margins and market share remain  stable. In Asia, Deuchem sales  have
shown an  improving trend  during the  period due  to demand  in  the
Chinese  domestic  market.  In  Chromium  the  strategic  review  and
consultation process  announced  in  February,  relating  to  the  UK
facility, is  progressing and  the Company  expects to  announce  the
outcome before the end of June 2009. Sales volumes in the first three
months of 2009 for Chromium's remaining US based business were 53 per
cent lower than the same period last year.

The Group  hedges its  currency exposures  by entering  into  forward
contracts, normally during  the third quarter  of the previous  year.
The sharp downturn in demand that occurred at the end of 2008 and the
continuing low sales volumes experienced in the first part of 2009 is
likely to result in the currency  hedges that were taken out for  the
current year exceeding  the actual  currency exposure  in the  Group,
particularly for the first half of the year. If the current level  of
Group sales were to continue,  the first half operating profit  would
be reduced by approximately £4.7 million due to this effect.

Market expectations assume some improvement in demand patterns during
the remainder of  2009 and,  while the  Group is  well positioned  to
benefit from  the eventual  economic  recovery, the  current  trading
environment continues to make it  difficult to predict the timing  of
any such recovery. In  the meantime, the Group  has taken actions  to
reduce costs in  order to  partially mitigate the  impact that  lower
than expected sales volumes will have on operating margins.

The Group remains  well financed, with  existing bank facilities  not
due for renewal until 2011.

                                                              - Ends


Elementis                          020 7408 9300
David Dutro, Group Chief Executive
Brian Taylorson, Finance Director

Financial Dynamics 020 7831 3113
Andrew Dowler
Greg Quine


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.


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