Martha Lane Fox denies share buy-back claims

Martha Lane Fox has denied newspaper claims that she has offered to buy back shares in lastminute.com from friends.

Martha Lane Fox has denied newspaper claims that she has offered to buy back shares in lastminute.com from friends.

The UK's Independent alleged that Ms Lane Fox had e-mailed friends earlier this month inviting them to sell their shares in the online travel firm back to her at the issue price of 380p a share.

Since the float last March, the company's share price has slumped from a peak of 487½p on its first day to 64½p this month.

But today a spokesman for lastminute.com said that the story was "completely untrue".

Asked how Ms Lane Fox, the company's chief operating officer, had reacted to the allegations, he said: "If you see something in a newspaper that's not true, you are not happy about it".

He said lastminute.com was doing very well and consistently performing ahead of analysts' expectations.

He declined to comment on whether Ms Lane Fox would demand a retraction of the Independent's claims.

In December, lastminute.com reported a big increase in the amount of business carried through its websites but admitted there was "still a lot to do".

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited