Friday, November 26, 2004

Lastminute.com shares drop 12.5 percent

NewsFinder

CBS MARKETWATCH Steve Goldstein reports: "Lastminute.com tumbles as FY losses widen, below view (UK:LMC) Shares of Lastminute.com (UK:LMC) tumbled 12.5 percent after pre-tax losses for the Sept. 30 ending fiscal year widened to 77.2 million pounds from 47.7 million pounds, which company co-founder Brent Hoberman said fell short of expectations. Revenue rose to 440 million pounds from 190.7 million a year ago. CFO David Howell is looking to leave the group in early 2005, and the online travel group has started a search for a replacement, the group added."

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