Feeds

Lastminute denies user collapse

And other Dotcom doings

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Lastminute.com is contesting research figures that show a collapse in user numbers. Internet analysts Netvalue reckon the number of people visiting lastminute's travel site dropped from 668,000 in April to 485,100 in May. Maybe users are getting wise to the site having a misleading name and that it just sells expensive holidays.



Ebookers.com has defended its rather profligate European expansion as speculation mounts that it will run out of money by the autumn. The company said that seeking a second round of investment had always been part of its business plan. It has spent around $20 million on acquisitions, and has a marketing budget of $32 million for this year. Revenue doubled to $24.9million in the first quarter, but losses also increased to $10.1 million before expenses.




Women.com Networks is to target UK women with the launch of its first Web site outside the US. The company yesterday announced a $40 million deal with Hearst Corp.'s UK publishing arm, National Magazines. The new company, UK.women.com, will be based in London and expects to launch this year with 24 staff. The site will feature advice and chat, with content from National Magazine's publications such as

She

and

Harpers and Queen.


Just2clicks says it is thinking about spinning off its Tradezone arm. The company paid £10 million for Tradezone in March this year, but thinks it can cash it in for around £400 million once market conditions improve. Just2Clicks reported a loss of £1.94 million for the nine weeks to March 31, but expects to turn in a £2.5 million pre tax profit by 2001. The company's shares rose 1p yesterday to 106.5p, still far below their offer price of 150p.




Mobile phone portal ITouch plans a flotation next month which is expected to value it at about £300 million. The business, controlled by Irish entreprenur Tony O'Reilly's newspaper group, hopes to raise £100 million to fund expansion.




Thus, formerly Scottish Telecom, has lost its £150,000 a year finance director Gerard McAloon. He's off to join telco optical components maker Kymata in the bean counting role.




Healthcare IT group ISoft is planning an IPO next month that will value the company at around £100 million. The business, which provides patient admin systems to hospitals, hopes to cash in on the government's pledge to spend £1 billion on IT in the NHS over the next five years. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.