Terms & Conditions

Terms & Conditions

Cookies Policy

What are cookies

A cookie is a piece of data stored on a user’s hard drive containing information about the user.

Cookies are text-only files containing small amounts of information which are downloaded to your computer or mobile device when you visit a website. Cookies are then sent back to the originating website on each subsequent visit, or to another website that recognises that cookie. Cookies are used to allow a website to recognise a user’s device.


How cookies are used

Cookies have a range of functions such as efficiently improving navigation between pages, remembering user preferences, and generally improving the user experience. They can remember certain information about you, such as pages you visit, choices you make from menus, and the time and date of your visit. They can also help to ensure that adverts you see online are more relevant to you and your interests.

For further information on cookies, including how to see what cookies have been set on your device and how to manage and delete them, visit http://www.allaboutcookies.org/.


How we use cookies

The information below explains the cookies we use on our website and why we use them:

  • Google Analytics cookies: we use these cookies to collect information about how visitors use our website, including details of the site where the visitor has come from and the total number of times a visitor has been to our website. We use the information to improve our website and enhance the experience of its visitors.

For more information on Google Analytics cookies, see the official Google Analytics page.

  • Local Shared Objects (Flash cookies): we use Adobe Flash Player to deliver certain content. Local Shared Objects, otherwise known as Flash cookies, are used for this in order to check if your browser supports Flash.

You can also find out how to disable Flash cookies at Adobe.com – see http://www.adobe.com\products\flashplayer\security

You can enable or disable cookies by modifying the settings in your browser. You can find out how to do this, and find more information on cookies, at: http://www.allaboutcookies.org/.

Privacy and Security Policy
ACF Equity Research Ltd [we] collects and uses information in the following ways:

If you have any questions about this statement or your personal information, please contact us by using this form


If we change or modify our privacy policy we shall post these changes on this page.


Information collection and use via email

To the extent permitted by law, we may monitor electronic communications for the purposes of ensuring compliance with our legal and regulatory obligations and internal policies.

We may also collect email traffic headers (“from”, “to” and timestamp fields) for analysing patterns of network traffic and managing client relationships, although please note that any communications with e-mail addresses which are not associated with a company e-mail address are automatically excluded.


Information collection and use through our website

You do not have to give us any personal information in order to use much of this website. However, if you wish to take advantage of some or certain of our content and or services that we provide or make available or apply to join ACF Equity Research Ltd [ACF], you will need to provide certain information.

ACF is the sole owner of the information collected on this website. We do not sell, share, or transfer this information, except as set out in this statement. We use your information to improve our marketing, for administration and to provide consultancy. If necessary, we may pass your information between our offices. Our offices are listed on this website and the list is updated as appropriate. We may employ the services of a third party to help us in certain areas, such as website hosting. In some cases that third party may receive your information. Furthermore, we may be required to disclose your information by any applicable law or regulation. However, at all times ACF will control and be responsible for the use of your information

The types of information we collect through our website are described below. By using our website you consent to the collection and use of any personal information in the manner described.


Morning Notes, Blogs and Research Notes

ACF may or may not produce morning notes, blogs and research notes now or in the future to which you may subscribe. If you wish to subscribe for morning note, blogs and research notes please register by completing our subscription form. To unsubscribe, either update your details via the subscription form or email us at info@acfequityresearch.com.


IP addresses

We use IP addresses to analyse trends, administer the website, track users’ movements, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.



This website contains links to other websites. Please note that we are not responsible for the privacy practices of other websites. This privacy statement applies solely to information collected by this website.



We take all appropriate steps to protect your information both online and off-line. If you would like information on our security procedures please contact us using our contact form.


Effect of Policy

This policy does not form a contract between an individual and ACF. The policy may also be subject to change. Whenever you need to refer to this policy you should contact us for the most up to date version.



To apply for positions with ACF you may supply us with your email address, covering letter and CV. Any information you send us for the purpose of a job application will be treated by us with the greatest care and for that purpose only.

In acknowledging an application ACF is not verifying the content, accepting the application or making any offer of employment or engagement. ACF is not obliged to accept or respond to any applications.

ACF is an equal opportunity employer, in accordance with applicable legislation, and does not discriminate on the grounds of gender, race, ethnic origin, age, religion, sexual orientation, disability or any other basis covered by local legislations. All employment related decisions are made entirely on merit.


Contact us

If you:

  • would like to access the personal information we hold about you;
  • believe that information we hold about you is incorrect; or
  • have any questions in relation to the information concerning privacy and personal information;

then we ask that you contact us using our contact form and we will take reasonable steps to resolve those concerns as soon as practicable. In some cases we may not be able to give you access to personal information we hold regarding you if making such a disclosure would breach our legal obligations to our client or if prevented by any applicable law or regulation

ACF Equity Research provides research services with the highest level of independence in the market place, based upon our key team’s fund management culture and creation of large-cap independent research products and services combined with experience of the core team creating over 20 start-ups from boot strapping through to listing and trade sale.

The information in ACF’s reports is prepared by ACF Equity Research Ltd (ACF). Our research is published for information purposes only. It is not intended as an offer or solicitation for the purchase or sale of any securities or any financial instruments.

ACF has based its products and services document on information obtained from sources it believes to be reliable but which it has not necessarily independently verified. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made within our products and services do not necessarily reflect the views of ACF Equity Research Limited. The material should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance does not guarantee future performance.

The analyst(s) responsible for covering the securities within ACF’s products and services receive compensation based upon, among other factors, the overall profitability of ACF which may, from time to time, solicit business from any of the companies referred to in ACF’s research reports, services and materials. The analyst(s) responsible for covering securities on behalf of ACF may not hold a position in any or related securities within ACF’s sector universe on in any other sector in which ACF carries out research. The company does not hold any position in the securities mentioned in its products and services.

The contents of ACF’s research and related services are intended for professional investors. ACF Equity Research LTD (FRN 607274) is an Appointed Representative of City & Merchant Limited (FRN 154182) which is authorised and regulated by the Financial Conduct Authority. However the contents of its research products and services are produced as if ACF Equity Research Limited is unregulated and consequently these products and services do not contain investment recommendations or ratings.

ACF, its directors, employees and agents accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of their services, products or materials. The information in ACF’s research reports, services and materials is provided with the understanding that ACF is not acting in a fiduciary capacity. Certain laws and regulations impose liabilities which cannot be disclaimed. This disclaimer shall in no way constitute a waiver or limitation of any rights a person may have under such laws and/or regulations. ACF Equity Research all rights reserved. Additional information is available upon request.

ACF Equity Research Limited, 125 Old Broad Street, London, EC2N 1AR, U.K.

Tel: +44 (020) 7558 8974

Website: www.acfequityresearch.com


ACF Equity Research LTD (FRN 607274) is an Appointed Representative of City & Merchant Limited (FRN 154182) which is authorised and regulated by the Financial Conduct Authority. | Copyright © 2020 ACF Equity Research.