Egg jumps 36% after Prudential confirms takeover talks

Shares in Egg, the UK online bank, leapt 36% on Wednesday following confirmation by Prudential, the UK's second largest insurer, that it is in talks to sell its 79% stake.

Prudential is understood to have mandated Morgan Stanley to advise it on the negotiations. Morgan Stanley was unavailable for comment.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink