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 27 January, 2011


Interim Management Statement

RNS Number : 1441A
27 January 2011


27 January 2011

ITE Group plc

("ITE" or the "Group")

Interim Management Statement

ITE Group plc is today publishing its Interim Management Statement for the period from 1 October 2010 to the date of this announcement, incorporating the Group's first quarter trading period from 1 October 2010 to 31 December 2010. This coincides with the Group's AGM which is being held at 12pm today. Other than the information contained in this Interim Management Statement there have been no material events or transactions in the period from 31 December 2010 to 27 January 2011.

Trading Update

The Group's trading has been in line with management expectations for the first three months of the financial year. Revenue for the three month period to 31 December 2010 was £20.5m, (three months to 31 December 2009: £15.1m).  This period includes revenues from recently acquired events and on a like-for-like basis revenues for the quarter are ahead of the comparative period by 22%. Overall, events taking place during the first quarter have traded significantly ahead of last year's comparable events which were mostly operating in a recessionary environment.

The Kazakhstan Oil and Gas Exhibition & Conference was the only one of the Group's ten most profitable events to take place during the three month trading period to 31 December 2010. Exhibition space sales were similar to last year's event although conference revenues were circa 15% lower. Other significant exhibitions to have taken place during the period included Pharmtech, Ingredients Russia, Bakubuild, Public Health and the recently acquired biennial Turkish international machinery technology event TATEF.

The Group's balance sheet remains strong with net cash at 22 January 2011 of approximately £7m. This is after making full payment for MVK acquired in December 2010.

Corporate development in the period

As announced on 17 December 2010, the Group purchased 100% of MVK for a total consideration for €33 million, paid in cash on completion. MVK is a significant Moscow exhibition business which owns twenty exhibitions with annual volume sales of more than 55,000m2. MVK's largest annual exhibitions serve the furniture, packaging, pumps and measurement industries. This high quality portfolio of events with strong market positions in sectors new to ITE is complementary to the Group's existing exhibition interests and will both broaden and strengthen the Group's core activities in the growth markets of Russia and the CIS.


Trading conditions in our core markets continue to recover, and future bookings for the remainder of the year are progressing as expected. Currently the recovery in local sales is relatively stronger than in international sales.

Overall, current sales performance is in line with management expectations and sales volumes continue to be more than 10% ahead of the prior year on a like for like basis.  As at 25 January 2011, the Group had contracted £93m of revenues for the current financial year, representing approximately 68% of current market expectations, which is consistent with our long-term average of bookings at this stage of the Group's financial year.




Russell Taylor, Chief Executive, ITE Group plc                                          Tel: 020 7596 5000

Neil Jones, Group Finance Director, ITE Group plc                                    Tel: 020 7596 5000

Charlie Palmer/James Macey-White, Financial Dynamics                          Tel: 020 7831 3113

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

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