Home & Office

Lastminute buoyant following good results

'We'll be in profit by the summer'
Written by Joey Gardiner, Contributor

'We'll be in profit by the summer'

Shares in Lastminute.com have jumped eight per cent in early trading this morning after the e-tailer released good results. While the FTSE 100 index rose marginally on opening, the TechMark index of technology firms slipped back nine points, just under one per cent. Lastminute.com shares were up 3p to 41p, which despite a steady rise since the start of the year, is still barely a tenth of its 300p IPO price in March 2000. There was also good news for BT which was boosted by a ratings raise from investment bank Goldman Sachs, following yesterday's encouraging results from the telco. The stock was up five per cent in early trading. However, other losses dragged the tech sector down, with tech firms ARM, Invensys, Logica and Sage all giving ground. The patchy performance follows depressed trading in New York yesterday, with the Nasdaq closing down 1.7 per cent.
Editorial standards