Easyjet tycoon puts his internet cafes up for sale

Easyjet founder Stelios Haji-Ioannou is closing his large internet cafes after they lost him millions of pounds.

The entrepreneur launched them - with hundreds of computers offering cheap, fast internet access - with a flourish five years ago, claiming they would revolutionise online shopping and net usage.

But his stores, some in London's most expensive locations, failed to make enough money even to cover the rent. He told Property Week magazine he has put the flagship Oxford Street branch up for sale.

Others in London, Manchester, Edinburgh and Glasgow will all follow, he said.

Instead Mr Haji-Ioannou will focus on running small franchises in places like Burger King, McDonald's and Sainsbury's.