Using another wordpress loop on page

Having some trouble with a template im working on. For the homepage that displays no page data, I made a wordpress loop to loop out the latest 5 blog posts. However when including this function in the sidebar on another page that does display page content, the loop returns nothing.

Ive tried using the wp_reset_query function and wp_reset_postdata but no luck.

Any ideas?

Page call;

<?php the_post(); ?>
<article id="post-<?php the_ID(); ?>" <?php post_class(); ?> role="article">
<header class="entry-header">
<h1 class="entry-title"><?php the_title(); ?></h1>
</header><!-- .entry-header -->

<div class="entry-content">
<?php the_content(); ?>
<?php wp_link_pages( array( 'before' => '<div class="page-link">' . __( 'Pages:', 'themename' ), 'after' => '</div>' ) ); ?>
<?php edit_post_link( __( 'Edit', 'themename' ), '<span class="edit-link">', '</span>' ); ?>
</div><!-- .entry-content -->
</article><!-- #post-<?php the_ID(); ?> -->

Then the sidebar one;

<?php wp_reset_query(); ?>
<?php $latest = new WP_Query('showposts=5'); ?>
<?php if (have_posts()) : ?>
<?php query_posts("showposts=5"); // show five latest post only ?>
<?php while (have_posts()) : the_post(); ?>
<hr>
<div class="blog-post">
<h2><?php the_title(); ?></h2>
<small>Posted: <?php the_time('G:H D m/y/ ') ?> <a href="<?php the_permalink(); ?>">Read More...</a></small>
</div><!-- end blog post -->
<?php endwhile; ?>
<?php else : ?>
<h2>No Posts to Display</h2>
<hr>
<?php endif; ?>

Any help would be much appreciated 🙂

[No bumping. If it’s that urgent, consider hiring someone.]