Egg News
News : Company News : Egg
Egg plc Posts £40m Loss - Bad debts and insolvencies push internet bank into the red (31/07/2006) Prudential Plans to Buy Back Egg - In a reversal of strategy, insurer Prudential is to take full ownership of Egg plc (05/12/2005) Egg's Profits Rise - Online bank Egg sees profits rise sharply, Prudential to retain ownership (26/10/2005) £437bn Spent on Debit and Credit Cards - Research estimates how much is spent in the UK using plastic every year (12/10/2005) Egg Launches Mobile Banking - Egg customers will be able to access account details via their mobile from 1st October (27/09/2005) Egg Launches 'Spending Money' Account - Egg launches a new account which rewards your spending and simplifies day to day finances (12/09/2005) Egg Profits Boosted by Balance Transfers - Egg plc reports strong credit card performance (27/07/2005) £715 a Year Spent on Child's Toys - Research shows high levels of spending on toys (10/06/2005) New Home Ownership Survey - New facts about the average UK homeowner released by Egg plc (13/05/2005) Egg Introduces Balance Transfer Fee - Transferring a balance to your Egg Card will cost a 2% fee (03/05/2005) |
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Background info on Egg:
Egg plc is the world's largest purely online bank, with around 3.6 million customers at the time of writing.
Egg plc was launched in June 2000, and the majority shareholder is currently Prudential, holding nearly 80% of shares.
Perhaps most famous for their credit card. the range of products they offer has expanded to include personal loans, insurance, personal savings, investment, mortgages and more.
The company is returning to profitability, retrenching in its UK operations after a disastrous venture into the French market.
There have long been rumours that Prudential is looking to sell its shares in the company, although this has not yet come to fruition.
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