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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Wednesday 29 July, 2009


Interim Management Statement

RNS Number : 4385W
29 July 2009

29 July 2009

ITE Group plc

('ITE' or the 'Group')

Interim Management Statement

ITE Group plc is today publishing its Interim Management Statement incorporating the Group's third quarter trading period from 1 April 2009 to 30 June 2009. Other than the information contained in this Interim Management Statement there have been no material events or transactions in the period from 30 June 2009 to 28 July 2009. 

Trading Performance

Trading conditions in our core markets are unchanged from those reported in our interim statement of 15 May. The trends experienced in the first half of the financial year have continued through the third quarter with the proportion of 'pre-crisis' bookings diminishing as the Group moves further into the financial year. The impact of the economic crisis continues to be greatest for local sales, resulting in our more international events performing relatively better than our more local events.

Revenues in the three month period to 30 June were £58.9m in line with the Group's expectations (2008: £53.9m). This year's results include the biennial Moscow International Oil & Gas exhibition and the recently acquired Interstroyexpo building event in St. Petersburg. As expected, 'like for like' revenues for the third quarter were below the comparable figure for last year by circa 5%.

The third quarter is the Group's most important in revenue and profit terms as it includes four of ITE's ten largest events and accounts for over half of the year's revenues. Consistent with the comments made at the time of the interim results in May, all of our major events this year have reported volume decreases as a result of the economic crisis, although the majority have reported improved revenues as a result of prevailing sterling weakness and price increases. The performance of our principal events in the third quarter is summarised below:-


2009 Square Meters

Prior edition Square Meters

Variance %





Moscow International Oil & Gas Exhibition


22,400 *










*2007 edition

Overall, on a like for like basis, the Group's volume sales for the full financial year are circa 20% below last year's contracted sales at the same time, though like for like revenues are only marginally behind last year's comparable figure, reflecting the benefit of favourable exchange rates. 

Financial position

The Group has net cash of £14.9m as at 24 July. As in previous years this represents a low point in our annual cash cycle and net cash is expected to increase by the year-end reflecting receipts from next year's events. 


As reported in the interim statement, while trading conditions remain difficult the trading environment in our principal markets appears to have stabilised but has yet to show clear signs of recovery. As at 24 July the Group had £108.4m of sales booked for the current financial year (this time last year: £100.8m), representing approximately 93% of market expectations for the full financial year. ITE's portfolio of leading events and strong balance sheet make the Board confident of the Group's long term prospects.


Russell Taylor, CEO                        020 7596 5000 

Neil Jones, CFO

ITE Group plc 


Charles Palmer/Matt Dixon            020 7831 3113 

Financial Dynamics

This Interim Management Statement is prepared for and addressed only to the Group's shareholders as a whole and to no other person. The Group, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Interim Management Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. Statements contained in this Interim Management Statement are based on the knowledge and information available to the Group's Directors at the date it was prepared and therefore the facts stated and views expressed may change after that date.  By their nature, the statements concerning the risks and uncertainties facing the Group in this Interim Management Statement involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this Interim Management Statement contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur.  The Group undertakes no obligation to update these forward-looking statements.

end -

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