I found a Little Freeware App that helped me clock the read speed on my hard drives at about 50MB/s, my floppy disk drive at 20KB/s and my new flash drive at 848KB/s. So that's 0.8MB/s transfer speed. Nowhere near 10MB/s, but I am still very happy with my little new drive.
I think the problem is to do with my hardware or software setup, so maybe when I get to uni I will be able to utilise my new drives full speed.