By Kate Hanaghan, 30 April 2002 10:50
NEWS Ailing online directory service Scoot.com has said it has enough cash to stay in business until August despite spiralling losses. The company turned in pre-tax losses of £180.3m for 2001, up from £71.5m in the previous year. This morning traders took kindly to news that the company is extending its expiry date by three months - it had previously said funding would dry-up by May. As of 10:45(BST), Scoot's share price was trading up 3.5 per cent to 88p. Last year Scoot sold classified newspaper Loot to the Daily Mail and General Trust for £45m - a far cry from the £180m it paid out for it.
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