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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Wednesday 09 November, 2011

Interim Management Statement

RNS Number : 7369R Group PLC
09 November 2011 - Interim Management Statement Group PLC

9 November 2011

This Interim Management Statement from Group PLC ("" or the "Group"), the UK's leading price comparison site, relates to the period from 1 July 2011 to 8 November 2011; the financial and operational data below is in respect of the Group's third quarter (1 July 2011 to 30 September 2011) unless otherwise stated.

The Group's financial performance in the third quarter was in line with the Board's expectations. Internet revenues and EBITDA for the third quarter were respectively 14% and 25% ahead of the same period last year. Visitors to the website were 3% ahead of the same period last year with visitors increasing across the Money, Insurance and Home Services verticals while Travel reduced marginally.


Revenues in the Money vertical were 8% ahead of Q3 2010 on visitor volumes that were 12% higher.  Within this, trading was strongest earlier in the quarter, with September's year-on-year performance impacted by a strong September 2010.

Revenues from credit products (credit cards, loans, mortgages and debt solutions) were 8% ahead of the same period last year. Weakness in credit card revenues from lower visitor volumes were more than offset by strong growth in loans, particularly unsecured loans, where improved conversion and product availability significantly helped raise revenue per visitor.

Revenues from non-credit products, which include savings, current accounts and advertising revenues, improved by 8% driven by growth in savings and current accounts.


Insurance revenues were 15% ahead, and visitor volumes 3% ahead, of the same period last year.

The Group saw growth across all of its major Insurance lines including motor, home, travel and life insurance. Motor insurance in particular has continued to perform strongly.


Revenues in Travel were 11% down on Q3 2010 on visitor volumes that fell by 4%. Trading continues to be challenging across the travel business with consumers managing their discretionary spending tightly.

Home Services

Home Services revenues were 107% ahead of Q3 2010 and visitor volumes increased by 4%. Utility switching volumes, which account for the greatest part of Home Services revenues, were stronger than the same period last year reflecting continued cost increases in the domestic energy market. Visitor growth was seen in both the utilities channel and shopping and vouchers channel.

Financial position

Cash conversion continues to be strong. At 31 October 2011 the Group had net cash of £18.7m, reflecting the payment since the half year of the interim dividend of £7.7m together with the special dividend of £20m; corporation tax payments on account of £6.9m; and £1.0m relating to the acquisition of 51% of Local Daily Deals Limited.

Acquisition of Local Daily Deals Limited

On 31 August the Group completed the acquisition of 51% of Local Daily Deals Limited ("LDD") for an initial consideration of £1m, rising to a total consideration of up to £11m payable over 3 years depending on the achievement of certain financial targets. The Group has also supplied a working capital facility of £0.5m repayable on demand. Related expenses of approximately £0.1m will be expensed in the year.

LDD owns and operates a website and technology platform that features discounted retail offers from local and national companies. The website has been integrated into the website and will allow the Group to promote these services to its large customer database. The Group expects to be able to partner with national brands to offer customers exclusive deals not available through similar websites.

All consideration payments have been or will be paid in cash from existing resources.


Trading in the first weeks of the fourth quarter has been good with Group revenues 14% ahead of the same period last year.

Money revenues for the fourth quarter to date are in line with last year, reflecting the challenging comparator period. 

Insurance revenues so far in Q4 are ahead of the Q3 run rate and approximately 24% ahead of the same period last year, with Motor insurance the strongest performing channel.

Home services revenues remain strong and are approximately 39% ahead of the same period last year, driven by utility switching revenues.

Travel continues to remain challenging with revenues approximately 17% lower than the same period last year.

Overall the Board's expectations for the year remain unchanged.


Peter Plumb, Chief Executive of, said:

" continues to make good progress. Revenues in the third quarter were 14% ahead of the same period last year - which itself was a tough act to follow. We saw solid growth across our Money, Insurance and Home Services businesses as consumers continue to seek to make the most of their money in what is still a very challenging environment.

"The recent acquisition of Local Daily Deals will further widen our offering, helping customers to save more money through local and national deals with retailers.

"We're pleased with the performance in the year to date which is in line with the Board's expectations."

- ends -


For further information, please contact: Group PLC   020-7379-5151

Paul Doughty, Chief Financial Officer


Maitland Communications 020-7379-5151

William Clutterbuck


·     This interim management statement may include statements that are forward looking in nature. 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 change 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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