Defiant Pru presses on with Egg flotation
Prudential is to defy the market scare over dot.com stocks and press on with the flotation of its loss-making Egg banking subsidiary, albeit at a reduced price.
Egg reviews flotation plans
Prudential last night risked becoming the highest profile victim of the dot.com fallout as it admitted it was reviewing the planned £2bn flotation of its Egg banking subsidiary on a daily basis.
Barclays budgets £325m for net
Barclays increased the jockeying with rivals for internet customers yesterday, announcing a £325m budget this year for new projects and a pledge to keep making profits despite increased investment.
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Dot.com pain continues
Money Unlimited editor Marianne Curphey looks at how the liquidation of netimperative.com will affect the markets. Net Imperative goes into liquidation
Panic selling of hi-tech stocks follows crash of Boo.com
Britain's hi-tech stocks suffered one of their blackest days yesterday as the knock-on effects from the high profile crash of the online fashion venture Boo.com reverberated through a jittery City.
Halifax seeks half a million new bank clients a year
Halifax plans to assault the clearing banks' dominance of the market for current accounts by attracting 500,000 customers a year for the next four years to If, its new Intelligent Finance telephone and internet bank.
Two discuss £90bn telecoms tie-up
Telefonica, the Spanish telecoms company, yesterday confirmed it was in talks with Dutch rival KPN Telekom about a possible 160bn (£90bn) merger.