[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 9 March, 2004, 09:17 GMT
Lane Fox sells Lastminute stock
Martha Lane Fox
Lane Fox co-founded Lastminute
Martha Lane Fox, the co-founder of Lastminute.com, has sold a fifth of her stock in the UK internet retailer.

Ms Lane Fox sold 2 million shares at 230p each, raising 4.6m ($8.5m), according to the London Stock Exchange.

The dot.com entrepreneur stepped down from the firm she helped to create at the end of 2003.

She said: "I still have a phenomenal amount of faith in the company." News of the sale pushed Lastminute's shares lower at Monday's close.

However, Ms Lane Fox has no plans to sell more of her stake this year, according to newspaper reports.

In early trade on the London Stock Market, shares in lastminute.com were down 1.5p at 230p.

Lastminute.com sees losses narrow
12 Feb 04  |  Business
Lane Fox leaves Lastminute
20 Nov 03  |  Business
Lastminute back in the black
05 Aug 03  |  Business
Lastminute's long road to profit
22 Nov 02  |  Business
The making of Martha
25 Jul 02  |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific