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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Jersey Electricity (JEL)

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Monday 23 January, 2012

Jersey Electricity

Interim Management Statement

RNS Number : 0071W
Jersey Electricity PLC
23 January 2012

Jersey Electricity plc                                                                                     

Interim Management Statement


Jersey Electricity plc is today publishing an Interim Management Statement as required by the  UK Listing Authority's Disclosure and Transparency rules, relating to the period from 1 October 2011 to the date of issue of this announcement.


In the thirteen week period since the beginning of the financial year to the end of December  unit sales of electricity fell by 9% compared to the same period in the prior year. This was largely driven by the combination of the unusually warm winter so far this financial year compared with a cold winter over the same period last year. The 2011 calendar year was the warmest year in Jersey since records began and the full quarter enjoyed average temperatures of 12 oC compared to 9 oC in 2010 and a long-term average of 10 oC. Revenues in our Energy Division fell by 8% because of the lower unit sales but our target profitability has not been materially impacted due mainly to reduced costs.


In the period from 1 January to the date of issue, electricity unit sales were at a lower level than last year due to continuing mild weather.


We announced to customers, following our tariff freeze during 2011, that prices would remain at current levels until at least April 2012 and we will be reviewing our tariff strategy going forward over coming months. Our power purchase and foreign exchange requirements are materially hedged for the remainder of this financial year. In addition, a substantial proportion of the forward imported power and foreign exchange requirements for 2013 have been hedged.


The combined trading performance of our other business units was slightly behind the corresponding period in the last financial year due mainly to the challenging trading conditions for our Retail business.


The project to import and refurbish two second hand diesel engines commenced in the quarter with the plant expected to arrive in Jersey during February. This project is scheduled to be completed by quarter 1 next year at a cost of around £10m. The engines replace two units within our existing generating fleet which have recently come to the end of their useful lives and will provide additional on-island flexibility and resilience.


The cash balance at the end of December 2011 was £21m against £24m at the last financial year end. It is anticipated that such cash resources will be absorbed in the delivery of the planned capital expenditure programme on electricity infrastructure in the short to medium term. Our balance sheet remains in a similarly healthy condition, and there have been no significant changes in the overall financial position of Jersey Electricity plc since we issued our Preliminary Announcement on 15 December 2011 for the year ended 30 September 2011 


The principal risks and uncertainties identified in our last Annual Report, which has just been issued in advance of our AGM on 6 March, have not materially altered in the interim period.



23 January 2012


For further information, please contact:

Chris Ambler, Chief Executive   Tel: 01534 505320

Martin Magee, Finance Director Tel: 01534 505201


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

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