Business Services Industry
Shell-Shocked Prudential in Hot Water over Egg Internet Banking.
Knight Ridder/Tribune Business News, April, 2004
By Ruth Sunderland, Daily Mail, London Knight Ridder/Tribune Business News
Apr. 22--The Prudential saw its shares fall yesterday amid fears among traders that it has scrambled the sale of its Internet bank egg.
The insurer's shares dipped 12 pence to 453 1/2 pence. Chief executive Jonathan Bloomer said: "There is a sense that this is taking a long time but the sale was only announced at the beginning of the year."
He refused to be drawn on when a deal might be signed but added: "If we are still kicking around by the end of this year that would even try my patience."
Paul Gratton, chief executive of egg, up a halfpenny at 155 pence, denied reports that the company has postponed its annual meeting.
Egg made an overall...
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