Lastminute.com/Sabre Lastcall

Lastminute has a knack for being in the right place at the right time. The online travel group floated near the peak of the first internet bubble. Now it is selling out near the peak of a second gold rush. This one has been fuelled by consolidation in the online travel business. Cendant recently snapped up internet booking agencies Ebookers and Orbitz. Barry Diller’s Interactive Corp is due to spin off and list its travel business Expedia. And travel reservations company Amadeus sparked a feroci...