Feeds

Lastminute posts improved losses

Registered users break 2 million

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?