News Burst: Losses and users up at

Nearly three million subscribers, but losses up 800 per cent

Despite a huge rise in users, made a net loss of almost £36m in the year to September 2000.

The figures compare with a loss of only £4.5m in the year to September 1999. The company reported a rise in registered subscribers -- 2.9 million up from 365,000 a year earlier.

The results were slightly worse than analysts had predicted.

The dot-com, recently voted the UK's worst travel site, recorded a big increase in transactions. Sales of goods and services totalled £34.2 million in the year, compared with only £2.6m the previous year.'s chairman Allan Leighton claimed that recent acquisitions would help to bring forward the time when the company would become profitable.

In October, acquired Degritour, France's largest e-travel group.

Full story to follow.

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