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

Online travel group lastminute.com saw its share price tumble today after confirming that trading had been “challenging” over the summer.

Shares in online travel group lastminute.com continued to fall today despite the issue of guidance highlighting an improving trend for earnings.

Investors in British dotcom boom survivor lastminute.com were hit by a spectacular slide in the travel and leisure company’s share price today.

Online travel business lastminute.com today said it planned to cut 350 jobs as part of a drive to reduce costs by 10% in the next financial year.

Online retailer lastminute.com said today it was confident of another year of improvement after making “significant progress” in the second quarter.

Internet retailer Lastminute.com Plc wrung out a small amount of cash from operations in its second quarter to March 31 with trading for the period ahead of its expectations, the firm said.

Chairman of web travel giant Lastminute.com, Allan Leighton, has said the online travel retailer would continue its acquisition spree as it announced reduced losses in the first quarter.

Internet travel retailer Lastminute.com has appointed a new UK managing director following the departure of co-founder Martha Lane Fox, who stepped down in December after the company recorded its first ever annual profit.

Lastminute.com founder Martha Lane Fox is poised to become the new head of upmarket department store group Selfridges, it was reported today.

Online travel and leisure retailer lastminute.com stepped up its expansion today by paying £16m (€22.8m) for a business set up just two years ago.

Online retailer lastminute.com reported its first annual underlying pre-tax profit and announced its managing director and co-founder Martha Lane Fox will stand down at the end of 2003.

Online travel and entertainment group lastminute.com today announced plans to buy car rental firm holiday autos.

Online retailer lastminute.com continued its push for profitability today after narrowing losses in the first quarter of its financial year.

Former London stock market star lastminute.com today showed it had moved into the black for the first time, boosted by a jump in sales.

Online travel firm lastminute.com continued its shopping spree today as it splashed out £31.9m on French rival Travelprice.com.

Online bucket shop lastminute.com today reported a surge in subscriber numbers and a slight narrowing of losses for the first three months of the year.