Lastminute plunges further into the red

Online travel business lastminute.com saw its share price nosedive today after annual results fell far short of hopes and losses nearly doubled.

Lastminute plunges further into the red
Thu, 25 Nov, 2004 - 14:50

Online travel business lastminute.com saw its share price nosedive today after annual results fell far short of hopes and losses nearly doubled.

The group spiralled £77.2m (€110.2m) into the red, compared with losses of £47.7m (€68.1m) last time, after a rapid expansion saddled it with higher-than-expected costs.

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