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17/08/2001
Lastminute.com plan to break even in nine months
Web retailer Lastminute.com has said it plans to break even in the UK and France within nine months.
The dot.com reported a 16.8 per cent reduction in its quarterly loss to £8.9m during the third quarter of this year. However, so far this year the company has achieved sales of over £77m, three and a half times the sales figure seen during the same period last year.
Lastminute.com’s subscriber base has also increased to 3.5m from around 2m a year earlier.
Despite the company’s optimistic outlook its share price remains weak having dived to a low of 27p per share this year from its 487.5p peak during the dot.com boom last year.
On a more positive mote however, its share price rose on Thursday by 0.75p to 35p, a two per cent increase. The company has revealed that it wasn’t unduly worried by its low price. (MB)
The dot.com reported a 16.8 per cent reduction in its quarterly loss to £8.9m during the third quarter of this year. However, so far this year the company has achieved sales of over £77m, three and a half times the sales figure seen during the same period last year.
Lastminute.com’s subscriber base has also increased to 3.5m from around 2m a year earlier.
Despite the company’s optimistic outlook its share price remains weak having dived to a low of 27p per share this year from its 487.5p peak during the dot.com boom last year.
On a more positive mote however, its share price rose on Thursday by 0.75p to 35p, a two per cent increase. The company has revealed that it wasn’t unduly worried by its low price. (MB)
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03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
07 June 2002
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
20 April 2004
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
26 October 2004
'Strong trading environment' fuels huge BP profits surge
Oil giant BP, in a climate of spiralling prices, have posted a massive profits surge of $1.2 billion to top almost $4 billion for the third quarter. BP saw net profits rise by 43% to £3.9 billion for the quarter, bringing the company a total mark of $12.5 billion so far this financial year.
'Strong trading environment' fuels huge BP profits surge
Oil giant BP, in a climate of spiralling prices, have posted a massive profits surge of $1.2 billion to top almost $4 billion for the third quarter. BP saw net profits rise by 43% to £3.9 billion for the quarter, bringing the company a total mark of $12.5 billion so far this financial year.
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