Feeds

Egg loses cash

Anyone thought of looking in the sock drawer for it? Could be in there

  • alert
  • submit to reddit

3 Big data security analytics techniques

British Internet-cum-telephone bank, Egg, reported an increase loss, before tax, for the nine months to September 30 of £115.1 million - up 7 per cent compared to last year (£108 million).

The bank's loss before tax for the three months to 30 September 2000 was £34.4 million - down a smidgen from the £38.2 million reported last year.

Despite losing even more money, Egg remains bullish and claims it's on course to deliver profitability. It claims more than 120,000 new customers have signed up during Q3 bringing the total number of customers to 1.2 million. And this month it launched a £3 million brand advertising campaign to attract even more punters.

Mike Harris, CE of Egg said: "Our results this quarter reinforce our belief that the UK businesses will break-through into profit during the fourth quarter of 2001."



Digimedia outfit, 365 Corporation plc, is to receive a sponsorship payment and a fixed-fee from Sportingbet.com (Alderney) Ltd for every user clicking through from its association football site, Football365, and placing a bet on Sportingbet.com. In return, Sportingbet.com gets access to followers of association football around the world in the run up to and including the 2002 FIFA World Cup in Japan and South Korea, the companies said today.




AIM listed e-quisitor plc it has agreed a funding facility with Barclays Acquisition Finance of £25million on a six-year term. A £2million working capital facility has also been agreed. e-quisitor intends to use a combination of cash and debt to fund acquisitions and build a group of information-oriented businesses. ®



Bored? Check out Cash Reg. Then you'll know what real boredom is.

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.