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 26 January, 2012


Interim Management Statement

RNS Number : 1926W
26 January 2012


26 January 2012

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 2011 to the date of this announcement, incorporating the Group's first quarter trading period from 1 October 2011 to 31 December 2011. This coincides with the Group's AGM which is being held at 12 noon 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 2011 to 26 January 2012.

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 2011 was £31.0m, (three months to 31 December 2010: £20.5m). This period includes revenues from events acquired during the previous 12 months and on a like-for-like basis revenues for the quarter are ahead of the comparative period by 17%.

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 2011, achieving sales of 8,500 sqm an increase of 9% over the prior year.  The Group acquired the licence to run the Kazenergy Forum in Astana this year and this has contributed to an overall increase in conference revenues of 30%.

The Group benefitted from the first editions under its ownership of the Autumn portfolio of events acquired with MVK, Krasnodar and Yapi during 2011. All events performed in line with or ahead of the Group's initial expectations. Other significant exhibitions to have taken place during the period included the Pharmtech, Bakubuild, Bakutel and Public Health, all of which performed well, showing good growth.

The Group's balance sheet remains strong with net cash at 22 January 2012 of approximately £12m. This is after making full payment of $6m for Autoexpo acquired in November 2011, a further £1.2m of contingent consideration relating to FY 2011 transactions and £4.6m in prepaid rentals to the owners of the newly constructed exhibition venue in Novosibirsk, Russia.

Corporate development in the period

As announced on 28 November 2011, the Group purchased the exhibition assets of Autoexpo, a Ukrainian organising business for a total consideration for $6 million paid in cash on completion. The portfolio of 10 exhibitions acquired includes SIA - the Kyiv International Autosalon, which is the leading motor show in Ukraine, as well as other exhibitions operating in ITE's core sectors of travel & tourism, building & construction and oil & gas.


Trading conditions in our core markets remain positive, and overall bookings for the remainder of the year are progressing in line with management expectations. As at 24 January 2012 the Group had contracted £113m of revenues for the current financial year, 8% ahead of the prior year on a like-for-like basis. This represents circa 67% 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

Charles Palmer/Emma Appleton, FTI Consulting                                Tel: 020 7831 3113

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

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