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


  Print      Mail a friend       Annual reports

Wednesday 30 September, 2009


Trading Statement

RNS Number : 8727Z
30 September 2009


30 September 2009 

ITE Group plc

Pre-close trading update for the year ending 30 September 2009

ITE Group plc, the international exhibitions group specialising in emerging and developing markets, has today issued the following update for the year ending 30 September 2009, prior to entering its close period and ahead of its preliminary results announcement on 1 December 2009.

Trading for the fourth quarter has been in line with management expectations and reflects the continued subdued levels of trading as reported in July. Revenues for the full year are expected to be circa £116m (2007: £110m), on actual volume sales circa 18% below last year. However, the benefits of cost reduction programmes carried out earlier this year and continued favourable exchange rates in the fourth quarter will result in profits for the full year being slightly ahead of current market expectations. 

Fourth Quarter Trading 

As reported in the Interim Management Statement released on 29 July 2009, trading conditions in our principal markets remain difficult. Events taking place in the fourth quarter had no 'pre-crisis' bookings and fully reflect the current trading environment.

The fourth quarter last year reflected the strong trading conditions prevalent at that time and the relative performance of events in the fourth quarter this year reflects the full extent of the change in the trading environment. The performance of the Group's principal events in the fourth quarter is set out below:


2009 Square Meters

Prior edition Square Meters




Moscow International Motor Show



Worldfood Moscow



MODA Autumn, the Group's UK fashion and Footwear event, performed well, given the trading conditions, achieving an increased attendance over the 2008 event. The Group held two large Moscow events in the fourth quarter; the Moscow International Motor Show which continues to face strong competition in a subdued sector of the Russian economy, and Worldfood Moscow, which is particularly exposed to trading pressures on local exhibitors.


Financial Position

The Group remains in a strong financial position, having passed the low point in its annual cash cycle, and had net cash of circa £22m on 29 September 2009.


As previously indicated, the trading environment in our principal markets appears to have stabilised. Whilst modest economic growth is forecast for these territories in 2010, the Board expects volume sales to remain stable in the short term.  ITE's markets have significant long-term growth potential and the Group's strong balance sheet and portfolio of leading events position it well to benefit from a recovery. 

The Group continues to benefit from good sales visibility and as at 29 September 2009 the Group had booked circa £42m of 2010 revenues, representing approximately 41% of market expectations for the full financial year. 



Russell Taylor
Chief Executive, ITE Group plc            Tel: 0207 596 5000

Neil Jones, Group Finance director

Charlie Palmer/Emma AppletonFinancial Dynamics         Tel: 020 7831 3113

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