Menu
19/07/2001
EGG AND MICROSOFT HATCH DEAL
INTERNET BANK Egg has formed a strategic alliance with Microsoft to offer online financial products to investors in the UK and the rest of Europe.
The alliance with the US software giant would start with a fund supermarket, which would allow UK users to choose between a range of investment funds available through the Microsoft’s MoneyCentral channel.
Preliminary pilot tests are expected to begin in the autumn and if successful roll on to a launch in early 2002.
Egg said the plan was to extend the relationship from funds into other financial products and services from the UK into the rest of Europe.
Chief Executive Paul Gratton said: “This first deal with Microsoft will enable us to further develop and expand our strong presence in the online investment market.
Egg was formed in 1998 by insurer Prudential, who own 80 per cent and floated off 20 per cent of it in the initial public offering. The company reported total revenues of £93 million last year and has outperformed its London-listed peers by about 40 per cent so far this year. (AMcE)
The alliance with the US software giant would start with a fund supermarket, which would allow UK users to choose between a range of investment funds available through the Microsoft’s MoneyCentral channel.
Preliminary pilot tests are expected to begin in the autumn and if successful roll on to a launch in early 2002.
Egg said the plan was to extend the relationship from funds into other financial products and services from the UK into the rest of Europe.
Chief Executive Paul Gratton said: “This first deal with Microsoft will enable us to further develop and expand our strong presence in the online investment market.
Egg was formed in 1998 by insurer Prudential, who own 80 per cent and floated off 20 per cent of it in the initial public offering. The company reported total revenues of £93 million last year and has outperformed its London-listed peers by about 40 per cent so far this year. (AMcE)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
01 October 2001
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
17 April 2002
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
