Feeds

Lastminute posts improved losses

Registered users break 2 million

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Lastminute.com has posted Q3 losses of £9.3 million - an £1.7 million improvement on the same period last year. Total transaction value is up 17-fold, compared to the same period last year, and the company has £117 million in cash stashed away in the bank. Registered users across Europe nudged above the two million mark.

No one was available to comment on reports that Lastminute.com has delayed the launch of its new Web site due to technical problems. Co-founder, Martha Lane Fox, chatted to the BBC’s Radio 4 Today programme this morning, revealing users could admire the new site but not use it yet.



Bigsave.com has backed off from its planned flotation, which would have valued the online department store at £300 million. Poor market conditions have been blamed for the postponement. Bigsave has raised £14.7 million in private funding from backers including Equitable Life and Friends Provident,and said it hopes to be in the black by 2002.




Former building society Woolwich reported profits down 8.4 per cent to £232 million. This equates to £30 million, which, fortunately, was just the amount Woolwich has invested in its Internet banking scheme Open Plan. Open Plan is intended to be an all-in-one service where customers can use phones, branches and the Internet to access their accounts.



For more online financial wheeler dealings click here. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
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.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.