A pair of online travel companies are on the block for a combined value of £150m after appointing advisers to handle their respective sales.

Online holiday group Lowcosttravel Group has appointed stockbroker Panmure Gordon to float it on the London Stock Exchange. And last minute booking site Laterooms.com has appointed Close Brothers to assess its strategic options which could include a possible float.

The two potential transactions are the latest in a long line of recent sales for UK internet travel retailers, including thetrainline.com and lastminute.com.

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