Tech boom darling in profit at last

FORMER stock market star yesterday pleased weary investors

The group is expecting to post a pre-tax profit for the three-month period to the end of September, although the figure excludes one-off costs. Shares surged 10% on the news, up 7p to 89p. was one of the darlings of the tech boom famed for turning founders Martha Lane Fox and Brent Hoberman into paper millionaires overnight when it floated in March 2000. However, the firm became a symbol of the boom ending when shares slumped below their 380p issue price and carried on falling.

Observers then focused on when and if the company, which sells travel and entertainment tickets through its website, would make a profit. In a statement the group said the total value of items sold on its site increased to £110m during the quarter, compared with £61m in the third quarter and £46.9 m in the comparable period last year.

More in this section

The Business Hub

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up

Our Covid-free newsletter brings together some of the best bits from, as chosen by our editor, direct to your inbox every Monday.

Sign up