I asked the same last week - Canon IXUS 80/85/90/95 on discount, or a Panosonic Lumix were the order of the day. Best I could find was IXUS 90 on eBay for about £120.
Recently got my better half the Canon Ixus 85 and got to say its a great little camera for the money, small, solidly built and produces good results in most situations also has a quite acceptable video recording mode
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