Shares in online bank fall

- Shares in Egg, the online bank owned by the Prudential, took another battering yesterday as the service continued to suffer the effects of a price war in the sector.

- Shares in Egg, the online bank owned by the Prudential, took another battering yesterday as the service continued to suffer the effects of a price war in the sector.

The stock fell 7p yesterday to 143p meaning it has fallen by 11 per cent in two days. Since Egg launched the market has become crowded with other online banks including First-e and Smile, and since it floated moves like HSBC's trimming of mortgage rates has shaved the margins in the sector.



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