Cash Register Daily Net Finance News: 1-7 Oct
7 Oct 1999 QXL offer eight times oversubscribed
6 Oct 1999 Indie pop label 4AD is to distribute music downloads over the Internet, through the Atomic Pop Web site.
Oasis, the High Street fashion retailer, is binning its print-based mail-order business, in favour of selling goods online. The web site launches in January.
A new British online brokerage is to spend more than £20 million on marketing to capture 50,000 customers, FT columnist (and QXL founder) Tim Jackson reveals. Called TheShare.com, the business has raised $15m from a syndicate of VCs.
5 Oct 1999 Jewish Web sites slug it out
Peter Black, the shoe company, is to sell vitamins, minerals and supplements online, from early next year The FT says. Twenty per cent of group turnover comes from sales of healthcare products to other retailers.
Dialog is setting up a pay-per-view service over the Internet. Up to 30 per cent of the company's content will be available for the "broader Internet user". The company has struck a distribution deal with Netscape to help build its service.
4 Oct 1999 Let it be Thus, Scottish Telecom decrees
1 Oct 1999 Compaq's former CE Eckhard Pfeiffer is to be named chairman of the e-commerce software company Intershop, according to the FT.
Goldman Sachs has secured £10 million backing for an online investment and share trading service. TheShare.com is expected to go live by the end of the year before pitching itself against the likes of Schwab and eTrade.
On-line PLC -- the British Internet content and games company -- said turnover was up by 53 per cent to a smidgen over £1 million following the publication of its final results for the year ending 30 June. Pre-tax losses fell by 28 per cent to £182,000.
The former chairman of Virgin Entertainment Group, Robert Devereux, has launched Clickmusic.co.uk -- a one-stop-shop resource for music-lovers.
US-based Pointshare Corporation, an online service provider for healthcare communities in the Northwest, has completed a third round $40 million private placement. ®