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.

Egg jumps 36% after Prudential confirms takeover talks

David Rothnie

Morgan Stanley

Goldman Sachs

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