The BBC does not have a good reputation for reporting business news, and despite my affection for In Business on Radio 4, I’m inclined to agree.
Today’s financial results from the online bank Egg provide a good example. In French woes double Egg’s losses the BBC focused on the bank’s negative performance in France:
Internet bank Egg has doubled its losses as its French business helped push the UK firm deeper into the red. The troubled group, which is 79% owned by insurer Prudential, said its annual pre-tax losses for 2003 had risen to