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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Rexam PLC (REX)

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Friday 13 November, 2009

Rexam PLC

Interim Management Statement

RNS Number : 4472C
Rexam PLC
13 November 2009


13 November 2009

Interim Management Statement

Rexam PLC today issues its interim management statement for the period from 1 July 2009 in accordance with the UK Listing Authority's Disclosure and Transparency Rules.

Group results in the period were in line with our expectations as the successful execution of cost reduction initiatives and foreign exchange translation gains offset weak volumes.

In Beverage Cans we have seen no change in the volume trends experienced in the first half. In Europe, volumes were soft, and trading in both specialty cans and Russia continues to be challenging. In North America, Rexam volumes were in line with the market. The business in South America continued to grow. The execution of cost reduction programmes across the cans business to deliver £40m in savings by 2010 is proceeding according to plan, and will help underpin future profitability in the sector. The plants in Oklahoma City in North America and Dmitrov in Russia were closed in July and August respectively and, in September, we announced the closure of our Dunkirk plant in France.

In Plastic Packaging, our cost reduction actions partly offset continued weak demand. Our Pharma business grew, and Personal Care has benefited from some new product launches. However, in Closures, demand for carbonated soft drink and bottled water closures continued to decline in what may now be a more enduring trend. The cost reduction initiatives to close and consolidate six plants and reduce the workforce by approximately 10% are on track to deliver the expected £30m savings by 2010, and support profitability in the face of future volume uncertainty.

We remain committed to maximising cash flow, reducing capital expenditure and improving working capital. Following the rights issue in August (£334m net proceeds), Moody's has restored Rexam to stable outlook investment grade, and Standard and Poor's has reconfirmed our investment grade rating, also with a stable outlook. Our net debt/ EBITDA covenant ratio at 30 September 2009, improved to 2.3 times (Q3:2008 2.9 times).

Leslie Van de Walle, Rexam's Chief Executive Officer said:

"Despite continued volume weakness our strong focus on reducing cost, increasing efficiencies and improving cash flow, give us confidence that we will meet market expectations for the full year.  We remain cautious about the trading outlook, but will continue to focus on cash and costs to ensure we are well placed to participate fully in the upturn when it comes."



Leslie Van de Walle, Chief Executive Officer                                               +44 20 7227 4100

David Robbie, Finance Director     

Sandra Moura, Head of Investor Relations    

Financial Dynamics    

Richard Mountain                                                                                        +44 20 7269 7291

Rexam will host a conference call for investors and analysts on Friday 13 November at 08:00 (UK time). 

Participants dial-in number: 

                     UK                                        020 7906 8557

                     From abroad                          +44 20 7906 8557

A replay service will be available until 27 November 

Dial-in no:  +44 (0)20 7075 6589

Password:  248859# 


Notes to Editors

Rexam is the No 2 global consumer packaging company. It is a leading global beverage can maker, and a major global player in rigid plastic packaging. Our vision is to be the leading global consumer packaging company. We are business partners to some of the world's most famous and successful consumer brands as well as young, entrepreneurial start-ups. We offer a broad range of packaging services and solutions for different industries, using different materials and technologies. Three things characterise us - leadership in our industry, our commitment to innovation and our passion to deliver exceptional value.  We employ some c.23,000 people in more than 20 countries and are a member of the FTSE 100. Rexam's ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit Rexam's website at

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

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