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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Phoenix IT Group PLC (PNX)

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Monday 14 February, 2011

Phoenix IT Group PLC

Interim Management Statement

RNS Number : 1430B
Phoenix IT Group PLC
14 February 2011

14 February 2011


Phoenix IT Group plc

Interim Management Statement and Appointment of Finance Director



Phoenix IT Group plc releases its IMS relating to the period from 1 October 2010 up to the latest practicable date prior to the publication of this statement 14 February 2011. Financial Data is for the Group's third quarter (1 October 2010 to 31 December 2010) unless otherwise stated.


Financial Position


Revenues and Underlying profit before tax for the third quarter were in line with the Board's expectations. Servo had a strong third quarter and we continue to see good growth in both hosting and other "cloud" services.


The Group's annual contract value ("ACV") has remained stable. At 31 December 2010 group ACV was £198.4 million (31 December 2009:  £193.5 million) compared to £198.4 million at 30 September 2010 (30 September 2009:  £178.7 million).


The Group order book has reduced from £360.7 million at 30 September 2010 (30 September 2009: £266.7 million) to £335 million at 31 December 2010 (31 December 2009: £323.9 million).


ICM / Servo Integration


As previously announced we are in the process of combining our two end user businesses which will be functioning as one company from 1 April 2011. We will enter the new financial year with a more powerful mid market focused organisation with a wide breadth of services with a particular focus on managed hosting and other cloud services. As a result of this reorganisation we will incur some one-off restructuring charges in the final quarter of the current year.




The outlook for the current year remains unchanged.


We continue to face price pressure in the partner division, some of which is attributable to the Government's cost cutting measures. The pipeline for larger contracts in the partner business has some good early prospects, however it is unlikely that any of these will be commenced in the next 6 months. Overall, the board's expectations for the group next year are similar to those for the current year.


Appointment of Finance Director


We are delighted to announce the appointment of Steve Clutton as Group Finance Director who will be joining the company on 1 March 2011. Steve was most recently Group Finance Director of IG Group Holdings plc between October 2006 and August 2010. Previously he has served as Chief Financial Officer at the UK Retail Banking division of Barclays Bank, Interoute Telecommunications Limited and British Telecom's international business. A chartered accountant, Steve has also held senior roles within corporate finance at BZW and BT. He will bring extensive financial and commercial experience from operating within a range of companies.


There is no other information required to be disclosed in accordance by LR 9.6.13










Tel: +44 (0)1604 769000

Peter Bertram

Executive Chairman

Nick Robinson

Chief Executive Officer



Financial Dynamics

Tel: +44 (0)20 7831 3113

Charles Palmer

Haya Herbert-Burns

Nicola Biles


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

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