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Egg narrows losses

Online bank Egg has narrowed its losses to £63.4m for the first six months of this year, down from £80.7m for the same period last year.

Egg says it gained 370,000 new customers in the last six months, bringing its customer base up to 1.7m, although it would not say how many customers had left over the period.

Egg, owned by Prudential, predicts it will break even in the final quarter of this year.

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