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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Monday 16 November, 2009

Interim Management Statement

RNS Number : 5309C Group PLC
16 November 2009 - Interim Management Statement Group PLC

16 November 2009 Group PLC ("" or the "Group"), the UK's leading price comparison site, issues the following Interim Management Statement relating to the period from 1 July 2009 to the latest practicable date prior to the publication of this statement, being 15 November 2009. The financial and operational data set out below is in respect of the Group's third quarter (1 July 2009 to 30 September 2009) unless otherwise stated.

The Group's financial performance in the third quarter and in the year to date, is in line with the Board's expectations following the announcement of the interim results on 4 August 2009.  Q3 has been the strongest trading quarter this year, as trading levels continued to stabilise. Internet revenues were approximately 15% below Q3 2008 and approximately 15% ahead of the H1 run rate. The third quarter typically represents a period of higher offline media spend. Therefore, as indicated at the interim announcement, EBITDA was approximately 5% ahead of the H1 run rate, but with margins slightly ahead of the same quarter last year.


Revenues in the Money vertical were 40% lower than in Q3 2008 due to significantly worse conditions in the credit market compared to this time last yearTrading has been gradually improving throughout the course of this year with Q3 2009 revenues approximately 10% ahead of the H1 run rateVisitor numbers were marginally up on the same period last year.

Revenues generated from secured loans were markedly lower in 2009 compared to 2008. This was mainly due to First Plus which contributed £3.7m in Q3 2008 and which closed to new business in August 2008Excluding revenues from secured loans the Money vertical declined by 19% against Q3 2008 representing a much slower rate of decline than the Group saw in H1 2009 when revenues excluding secured loans in the money vertical were approximately 40% lower than H1 2009. 

Savings was the strongest performer in the Money vertical with revenues growing over the same period last year as consumers looked to maximise their returns in a low interest environment and lenders sought to strengthen their balance sheets through consumer deposits

Unsecured lending, including credit card revenues, improved in the third quarter, with the rate of decline slowing from the first half of the year, providing further evidence of some stability in lending volumes.


Insurance revenues were approximately 5% ahead of Q3 2008 and more than 15% ahead of the H1 run rate. This was driven largely by increasing visitor numbers. As noted in the interim statement, the sale of leadin the motor and home insurance channels was stopped at the beginning of 2009 to improve the customer experience having contributed approximately £0.7m in Q3 2008. 

The core motor insurance channel, the largest in the Insurance vertical, returned to mid single digit percentage growth in Q3, having declined over the first half of the year. Other Insurance channelsincluding home insurance and travel insurance, also grew strongly.


Revenues in the Travel vertical were 12% down on Q3 2008 and approximately 5% lower than the H1 run rateThis was primarily due to lower visitor numbers. The Group has continued to manage margin closely in the travel business in response to weakening market conditions.

The Group experienced similar trends to the first half of the year with the core package holiday market continuing to grow over the same period last year with "weekend break" type travel, including flights and hotels, remaining relatively weak. 

Home Services

Home Services revenues were 30% down on Q3 2008 and approximately 30% ahead of the  H1 run rate. Visitor numbers increased by approximately 50% over the same period last year, largely in the Group'shopping channel. Utility switching volumes in particular picked up in the third quarter as a number of consumers who had switched last year came off fixed deals, although were below those in Q3 2008 when energy prices spiked.

The Group has continued to invest in improving its products and services in Q3 2009 as outlined in its interim statement. Good progress has been made and we expect to deliver a number of significant improvements to our product offerings over the course of 2010 with beta releases commencing in Q4 2009. The first of these are enhanced shopping and vouchers sites which were successfully delivered in October. These will drive visitors to the site as consumers continue to seek to maximise their own spending power. 

As at 31st October 2009 the Group had net cash of £45.1m, reflecting the payment of the interim and special dividend, amounting to in aggregate £31.6m which were announced with our interim results and corporation tax payments on account of £4.8m since the half year.


As expected, trading in the first few weeks of Q4, typically the Group's weakest trading period, has been at least consistent with the trends seen in Q3. Consequently the outcome for the year as a whole remains in line with the Board's expectations

Peter Plumb, chief executive of, said:

" has made steady progress through the year and we have enjoyed a robust third quarter - our strongest trading quarter to date. Our efforts to ensure our marketing spend works harder has started to bring real results and the Peter Jones campaign has worked well, with visitor numbers up both on the same period last year and against the second quarter. Most importantly, our brand is in a stronger position than ever before.

"Our focus on managing costs this year has paid off and we are starting to see the benefits of our ongoing investment in technology.  Our new shopping and voucher sites launched in October and customers love the savings they can make using the channel. It will soon be joined by our new motor insurance site which is currently in beta test.  

"Overall, we are pleased with the performance in the year to date which is in line with the Board's expectations and remain confident that our sharp focus on delivery and the customer means that is better placed than ever to capitalise on its strengths when growth returns to our markets."

- ends -


For further information, please contact: Group PLC 01244-665700

Paul DoughtyChief Financial Officer

Ian Williams, Director of Communications

Tulchan Communications  020-7353-4200

Susanna Voyle

Tom Murray  


  • This interim management statement may contain forward-looking statements based on current expectations of, and assumptions and forecasts made by management. 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 adjust 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

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