Feeds

Egg loses cash

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

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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.

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.