Cazenove has managed the second large sale of lastminute.com shares since it replaced Morgan Stanley as the internet leisure retailer's broker in early 2001.

The bank successfully placed £11m (€17.2m) worth of shares, on behalf of two of lastminute.com's early backers, with a range of institutional investors, some of whom are existing shareholders and others who are new to the company. In June 2002 Cazenove also led the sale of 9.6 million shares on the public market, raising £7.97m.