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 16 April, 2009

Interim Management Statement

RNS Number : 6465Q Group PLC
16 April 2009 - Interim Management Statement Group PLC

16 April 2009

In advance of its Annual General Meeting to be held at 11.00am today, Group PLC ('' or the 'Group'), the UK's leading price comparison website, issues the following Interim Management Statement relating to the period from 1 January 2009 to 15 April 2009. The financial and operational data set out below is in respect of the Group's first quarter (1 January 2009 to 31 March 2009) unless otherwise stated.

The financial results for the Group for the first quarter, and the performance of the Group in the year to date, are in line with the Board's expectations at the time of the announcement of the preliminary results on 25 February 2009. Trading in quarter one has been stable and Group revenues for the first quarter are, as we expected, approximately one third below the same period last year.


Revenues in the Money vertical are slightly in excess of 50% lower than the same period last year. Revenues from credit-related products are markedly down over the same period last year, while demand for non-credit products, particularly savings and current accounts, remains strong. 


Revenues in the Insurance vertical are approximately 10% lower than the same period last year. The motor insurance marketplace continues to be competitive, but the Group has seen growth in its Home Insurance business. Demand for discretionary insurance in general, including travel insurance, was lower than the same period last year. 

Home Services

Revenues in the Home Services vertical are approximately 50% below the same period last year. Revenue is driven primarily from changes to utilities pricing and utilities tariffs have been relatively stable over the period. However, recent price reductions increased demand markedly in March and we expect the Group to continue to benefit from this demand in the short term.


Revenues in the Travel vertical are approximately 10% down over the same period last year. Revenues relating to short breaks, including hotels and flights, have continued to be impacted by the lower levels of consumer spending in general. Demand for package holidays, however, remains strong and revenues in quarter one were significantly ahead of the same period last year.'s website has undergone a major redesign which will be launched to the general public during April. Initial feedback and the results from testing are very positive.


Visitor numbers across the Group as a whole increased by 6% during quarter one.

The Group continues to remain cash generative and had cash balances of £81m at the end of March 2009.

As indicated at the preliminary results announcement the Group has examined its cost base and, following a review of headcount, has reduced overall staff levels by approximately 80 people, bringing the total headcount to around 470. This is expected to deliver an annualised cost saving in the region of £2.3m which will start to be realised in the second half of the year.

Peter Plumb, Chief Executive Officer, said: 'Trading levels appear to have stabilised over the course of quarter one. As promised at the time of the preliminary results we have taken action to reconfigure our cost base for the lower levels of both demand and supply arising from the current recession. We have also made good progress over a relatively short period of time with our marketing plans and these should deliver benefits in the second half of the year.

'We remain the UK's leading price comparison website and customers remain at the heart of everything we do. We continue to add functionality and products to our site to make it even more useful for customers. I am confident that the successful execution of the Group's strategy in 2009 will position for continued long term sustainable growth.'

- ends -

For more information, please contact: Group PLC

Paul Doughty, Chief Financial Officer, 01244 665700

Ian Williams, Director of Communications, 07515 329671

Tulchan Communications

Susanna Voyle, 0207 353 4200

  • This interim management statement may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.

  • The information in this release is based on management information.

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