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.
24 July 2001
Internet bank Egg announce reduced losses
Internet banking company Egg has announced a reduction in the company’s losses for the first six months of the year. Egg said that pre-tax losses were down 21 per cent to £63.4m in the first half of the year compared to £80.7m in the same period a year ago.
Internet bank Egg announce reduced losses
Internet banking company Egg has announced a reduction in the company’s losses for the first six months of the year. Egg said that pre-tax losses were down 21 per cent to £63.4m in the first half of the year compared to £80.7m in the same period a year ago.
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.
20 December 2001
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
