Lastminute.com shares slump again
Shares in the online retailer Lastminute.com dropped by some 15 per cent yesterday after it admitted it was being affected by “spiralling costs”.
Shares in the company dropped 19p to 107p after a similar decline the previous day, as it announced plans to shed some 350 jobs and shut 10 offices across Europe. The Independent newspaper quotes one broker as saying: “I’m not particularly confident they have their costs under control.”
Elsewhere, there were mixed fortunes for travel and tourism shares amid small movements for the main equity markets. The FTSE 100 index added 5.3 points to close at 4413.4, and the FTSE had a similar day, adding five points to end the day at 5956.8.
Alpha Airports 83.5p UP 1p
BAA 570p UP 9p
British Airways 226.75p UP 2p
Carnival 2597p DOWN 21p
De Vere 424.75p DOWN 0.75p
EasyJet 142p NO CHANGE
ebookers 126p DOWN 7.75p
EuroDisney 21.5p DOWN 0.5p
Eurotunnel 14p DOWN 1.75p
First Choice 120.25p DOWN 0.25p
Hilton Group 256.75p DOWN 2.25p
Holidaybreak 486p UP 4p
Intercontinental 589.5p UP 2.5p
Lastminute.com 107p DOWN 19p
MyTravel 6.5p DOWN 0.25p
P&O 217.25p DOWN 0.75p
Rank Group 292.25p DOWN 0.25p
Ryanair 290.25p UP 7.25p
Stagecoach 89.5p UP 0.5p
TBI 66.25p DOWN 0.25p
Report by Tim Gillett, News From Abroad
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