Lastminute.com reports losses on cue
Shares in online bucket shop Lastminute.com rose slightly in low volume early trading after the dotcom reported a loss of £35.75 million for the full year, compared with just £4.54 million in 1999. According to reports, Lastminute's performance was roughly in line with analyst expectations. Although Lastminute boasts almost three million subscribers, it seems only 156,000 people have actually bought anything from the site.
Affinity Internet reported turnover of £7.2 million for the nine months ended 30 September 2000, against losses before tax of £8 million over the same period. It recently raised £21.2 million following the ISP's admission to the Official List of the London Stock Exchange.
UK domain name seller Names.co Internet Plc has forked out £3 million in cash and shares for similar outfit, Phase8.com. During the year ended 30th September 2000. Phase8.com reported turnover of £960,000, pre-tax profit of £114,000 and net assets of £21,000.
Health site, ThinkNatural, has acquired the mail order business of the Women's Nutritional Advisory Service (WNAS,) a specialist supplier in women's natural health care, for an undisclosed sum.
More? You're sick, you know that.