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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.


SEE ALSO:
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


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