It often appears that those making the biggest losses are the most popular with investors!But

It often appears that those making the biggest losses are the most popular with investors!But, at first sight, 365 looks to be making a profit. It reported an operating profit of pounds 277,000 for the three months ending June. But that is all from the business division (or Symphony Telecom as is was previously known). Symphony itself produced an operating profit of pounds 0.7m in the previous quarter. But 365's internet operations are gobbling up cash.No figures for the three months to September 1999 have been published yet, which seems like a curious omission.In mid-October 365 had cash of pounds 6.9m.

Another pounds 50m from this week's flotation will go towards future development.So what does the future hold? Coverage of more sports, such as Formula One, and online sports betting is also on the cards. Watch out for more lifestyle, health and fitness content too, and even a business 365 site is around the corner.So is 365 a good buy? That's a tough one Better make up your own minds, Fools www.fool.co.uk. The Alliance and Leicester's latest car price index has revealed that car prices are at last falling. According to the report's findings, year-on-year new car prices have fallen by 1.3 per cent with 11.9 per cent for nearly new cars.

Steve Fowler, of What Car? magazine, believes that these price reductions "are solely a result of the fact that people are not buying cars at the moment". As a result of the recent controversy over "rip-off Britain", an increasing number of British consumers are travelling to continental Europe to buy new cars at lower prices.Questions surrounding the cost of cars in Britain have led to the Competition Commission investigating such claims. It is due to present its findings to Stephen Byers, Secretary of State for Trade and Industry, on 16 December. His report is then expected to be released early in the New Year when prices could come down further as a result.Buying to letThe climate of low interest rates and increasing house prices is leading a growing number of people to look at property investment.Mortgage lenders are offering loans specifically geared to those buying with the purpose of renting out. It is now possible to borrow up to 75 per cent of the house value. With interest rates so low, the repayments are affordable at current rent prices.For example, for an interest-only loan at a discounted rate of 6 per cent on a property worth pounds 59,950, the monthly payments are only pounds 224.81.

This figure is easily redeemable considering that a rent of pounds 550 a month can be charged.If house prices continue their upward trend, buying to let appears to be a winning option - as long as you can find a tenant, of course.Damgaard downDamgaard, the Danish computer software company, announced a profits warning on Thursday, only six weeks after it was floated on the stock market.Goldman Sachs had recommended investment in the company but, following a 50 per cent drop in profits, it has cut its market rating from "market outperformer" to "market performer" rating.Since the end of October, the sales performance has dropped due to a low level of incoming orders resulting from Y2K fears.. Problems with draconian tax officials are not just reserved for football players and street traders. The tax office is checking up on people who are least likely to be able to cope with it - the elderly. The Chartered Institute of Taxation says many old people are frightened of dealing with the Inland Revenue.

"We could fill Wembley many times over with low-income pensioners being harassed by the Revenue," said John Andrews, chairman of the Low Incomes Tax Reform Group of the Chartered Institute of Taxation. The introduction of self-assessment is one of the main problems: although it was never meant to apply to pensioners, thousands on low incomes receive the forms each year, leaving them frightened of the consequences.The chartered institute has received many letters from distressed pensioners. "I become a nervous wreck trying to understand the self-assessment tax form," writes one from Brackley, Northamtonshire "I do not pay tax as I have insufficient income I've never paid tax since I retired. In fact I could go out to work and earn pounds 60 per week and still be a non-taxpayer. Still they send the form each year." His problems are not unique.The Government is at last recognising that a problem exists.