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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Thursday 30 September, 2010


Trading Statement

RNS Number : 5449T
30 September 2010




30 September 2010

ITE Group plc


Pre-close trading update for the year ending 30 September 2010


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 2010, prior to entering its close period and ahead of its preliminary results announcement on 30 November 2010.


Results for the fourth quarter have been encouraging, and reflect improving trading conditions, most notably in Moscow. Revenues for the full year are now expected to be circa £112m (2009 £117m).


Fourth Quarter Trading


Events which took place in the fourth quarter benefitted from the better trading environment referred to in our July interim management statement.  This improved trading environment resulted in a return to growth for our principal Moscow events. As anticipated, the recovery in ITE's other CIS markets has been slower than in Moscow.

The performance of the principal events taking place in the fourth quarter is summarised below:



2010 Square Meters


Square Meters

Variance %





Worldfood Moscow




Moscow International Motor Show





The MODA fashion event performed well in a subdued UK retail fashion market but also benefitted from the successful launch of its Lingerie section this year which has added over 2,000sqm of new sales.


In Moscow, Worldfood Moscow demonstrated its recovery from the economic crisis regaining circa 50% of the space sales lost since the 2008 event. The Moscow International Motor Show, is now co-branded with Messe Frankfurt's Automechanika event and this new partnership, together with the improving economic environment, provided a platform for good growth.



Business development


On 23 July 2010, the Group purchased the remaining 30% of Airgate Holdings Limited (the holding company for the Group's Indian business) for a consideration of circa €1.3m.  Bringing the ownership of the Indian business 100% under ITE's control will facilitate its future development.


Financial position

The Group has net cash of £20.6m as at 24 September 2010.



There are now clear signs of a recovery in Moscow and indications of improving market conditions in our secondary markets. The benefits of this recovery, if it is sustained, will be more fully reflected in next year's results.  The Group continues to benefit from good sales visibility and, as at 29 September 2010, the Group had booked circa £53m of 2011 revenues, representing circa 44% of current market expectations for the full year.


Looking forward, ITE's markets continue to have significant growth potential.  The Group's strong financial position will allow it to capitalise on this potential and the Board remain confident in the prospects of the Group.



Russell Taylor, CEO                                                       020 7596 5000

Neil Jones, CFO

ITE Group plc



Charles Palmer/James Macey White                               020 7831 3113

Financial Dynamics




This Pre-close 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.



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

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