Will holders of Egg crack on soft results?

Article Abstract:

The article discusses how UK online bank Egg's shareholders may be unhappy with the low value they are getting. Egg's aggressive prices and loss-leading products are good for consumers, but they have not led to profitability for the bank. The company is forecasting GBP150 million in start-up losses this year.

Securities issued, listed, Brief Article

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U.K. unit helps Egg narrow loss

Article Abstract:

Egg PLC has reduced its financial losses for the 2002 year thanks to the profits of its U.K. business. Egg posted 16.6 million pounds (24.3 million euros) in pretax losses for the year, compared to 87.8 million pounds in 2001.

Commercial Banking, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Electronic Banking Svcs, Bank Computer Services, Cable television, Company sales and earnings, Company earnings/profit, Electronic banking, Online banking, Cable television/data services

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Egg may crack profitability

Article Abstract:

Egg PLC expects to reach profitability by the 2001 fourth-quarter. Many analysts also believe that the company may break even by the end of 2001.

Forecasts and trends

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