Egg could break even in fourth quarter

Internet bank Egg's chances of breaking-even in the fourth quarter took an upturn today after it announced lower than expected losses for the first half of the year. The bank also announced it signed up an extra 370,000 new customers in the first half, up 19% from last year and bringing its total customer base to 1.72m. The bank's pre-tax loss for the six months to 30 June 2001 narrowed 21% to £63.4m compared to a loss of £80.7m the previous year. The bank is trying to take advantage of cross selling opportunities and cross sales actually doubled in the half year to 218,000 from...