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.

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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.

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We store and use information you provide as follows:

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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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Pennon Group PLC (PNN)

  Print      Mail a friend       Annual reports

Tuesday 16 August, 2011

Pennon Group PLC

Interim Management Statement

RNS Number : 4080M
Pennon Group PLC
16 August 2011

16 August 2011






Financial performance at Pennon Group Plc since 31 March 2011 has been in line with management expectations. 


South West Water


Having successfully completed the K4 regulatory contract (2005 - 2010), South West Water has a solid platform in place for continued success during the current regulatory period (K5, 2010 - 2015). 


There have been no water restrictions in South West Water's area since 1996 and the company is pleased to confirm that, in spite of the dry spring, water restrictions in the region are highly unlikely this year.




Viridor continues to perform well and remains confident of delivering full year growth in profit before tax. 


In line with Viridor's strategy of making infill acquisitions in key strategic areas, the company acquired a small recycling company in Cheshire for £1.7m in June. 


In July the company reached agreement with Devon County Council for the diversion and treatment of 60,000 tonnes of Devon's residual municipal waste through the financing, construction, and operation of a new Energy from Waste plant in Exeter. 


The company has also decided in principle to proceed with the financing, construction and operation of a 350,000 tonne Energy from Waste plant in Cardiff.   The new project will provide a robust and deliverable bid for Prosiect Gwrydd (Project Green), a South Wales local authority consortium residual waste procurement.




Since 1 April South West Water Limited has signed a £65m facility with the European Investment Bank (EIB). This represents the first tranche of a £125m loan approved by the EIB for K5 funding. 


Further information on Pennon, South West Water and Viridor can be found on the

Group's website,



For further information, please contact:



David Dupont - Group Director of Finance                01392 443998

Jo Finely - Investor Relations Manager                      01392 443401



James Murgatroyd                                                      0207 251 3801



Cautionary statement in respect of forward-looking statements


This Statement contains forward-looking statements relating to Pennon Group's operations, performance and financial position based on current expectations of, and assumptions and forecasts made by, Pennon Group management.  Words such as "aims", "anticipates", "believes", "continue", "could", "due", "estimates", "expects", "goal", "intends", "may", "plans", "projects", "remains", "seeks", "should", "targets", "will" and related and similar expressions as well as statements in the future tense identify forward-looking statements.  By their very nature forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will or will not occur in the future.  Various known and unknown risks, uncertainties and other factors could lead to substantial differences between the actual future results, financial situation, development or performance of the Group and those expressed or implied in this statement.  These risks, uncertainties and factors include, but are not limited to, changes in the economies and markets in which Pennon Group operates; changes in the regulatory and competition frameworks in which Pennon Group operates; the impact of legal or other proceedings against or which affect Pennon Group; and changes in interest and exchange rates.  Further details of Pennon Group's principal risks and uncertainties are set out in Pennon Group's 2011 Annual Report which can be viewed online at   Undue reliance should not be placed on forward-looking statements which are made only as of the date of this Statement.  Nothing in this Statement should be construed as a profit forecast.  The Group accepts no obligation publicly to revise or update these forward-looking statements or adjust them as a result of new information or for future events or developments, except to the extent legally required.



16 August 2011



End transmission




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