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Pin to quick picksMoneysupermarket.Com Share News (MONY)

Share Price Information for Moneysupermarket.Com (MONY)

London Stock Exchange
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Share Price: 236.40
Bid: 236.80
Ask: 237.00
Change: 1.40 (0.60%)
Spread: 0.20 (0.084%)
Open: 233.40
High: 237.00
Low: 233.00
Prev. Close: 235.00
MONY Live PriceLast checked at -

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Car insurance too high, says Competition Commission

Tue, 17th Dec 2013 13:12

The UK competition watchdog is planning new measures to reform the car insurance market after its investigation into the industry found the cost to consumers was too high.The Competition Commission said drivers were footing the bill for unnecessary costs incurred during the claims process following an accident, with insurers pushing up the cost of repairs and replacement cars.The Commission also raised concerns about the contracts between price comparison websites and insurers, criticising comparison sites for demanding exclusive deals as this can reduce competition and inflate premiums.The contracts between price comparison sites and insurers can require that individual insurers' premiums are not offered more cheaply elsewhere, which the commission acknowledged was acceptable to some degree in order to ensure that these sites can continue to provide a beneficial service. Deputy Chairman Alasdair Smith, chair of the private motor insurance investigation group, said: "There is insufficient incentive for insurers to keep costs down even though they are themselves on the receiving end of the problem."He added that the investigation also found the way add-on insurance products were sold made it hard for customers to find the best-value products."We are now considering a range of possible measures, some of them far-reaching reforms, to ensure that the market better serves the interests of customers."In a statement put out by FTSE 250-listed MoneySupermarket.com, Chief Executive Peter Plumb complained that some price comparison website competitors have "tried to stop us [providing cheaper prices] by using clauses that force price parity across all price comparison websites and therefore prevent an insurer offering a lower premium through us"."We are delighted that the Competition Commission is proposing to stop this practice by some of our competitors. This is good news as it will allow us to offer better prices for the same cover to even more customers."Shares in esure were down 2.9%, while Admiral Group was down 2.2%, Direct Line 0.6% lower and MoneySupermarket down 1% at 13:45 on Tuesday. OH
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17 Feb 2023 08:55

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17 Feb 2023 08:11

Direct Line picks former Moneysupermarket CEO Mark Lewis as non-exec

(Alliance News) - Direct Line Insurance Group PLC on Friday named former Moneysupermarket.com Group PLC chief executive officer Mark Lewis as an independent non-executive director.

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16 Feb 2023 12:19

CORRECT: LONDON MARKET MIDDAY: FTSE 100 stays above 8,000

(Correcting the GBPUSD quote).

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16 Feb 2023 12:07

LONDON MARKET MIDDAY: FTSE 100 stays above 8,000 as Centrica jumps

(Alliance News) - Stock prices in London were higher at midday on Thursday, with London's flagship index still trading above the 8,000 mark on the back of strong performances from Centrica and Relx.

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16 Feb 2023 09:36

Moneysupermarket.com leaves dividend unchanged despite jump in revenue

(Alliance News) - Price comparison website Moneysupermarket.com Group PLC on Thursday said its revenue climbed, thanks to its insurance, money and travel channels, as energy switching remained on ice.

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16 Feb 2023 07:39

Moneysupermarket FY boosted by travel as Covid curbs eased

(Sharecast News) - Price comparison website Moneysupermarket.com said annual earnings rose, driven by a strong performance in its travel unit as international Covid pandemic restrictions were lifted.

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9 Feb 2023 15:47

UK earnings, trading statements calendar - next 7 days

Friday 10 February 
Ince Group PLCFull Year Results (TBC)
Lancashire Holdings LtdFull Year Results
S&U PLCTrading Statement
Victrex PLCTrading Statement
Monday 13 February 
no events scheduled 
Tuesday 14 February 
Carr's Group PLCFull Year Results
Coca-Cola HBC AGFull Year Results
Plus500 LtdFull Year Results
Tui AGQ1 Results
UP Global Sourcing Holdings PLCTrading Statement
Wednesday 15 February 
Barclays PLCFull Year Results
Brunner Investment Trust PLCFull Year Results
Dunelm Group PLCHalf Year Results
Equipmake Holdings PLCHalf Year Results
Glencore PLCFull Year Results
Hargreaves Lansdown PLCHalf Year Results
Pan African Resources PLCHalf Year Results
Thursday 16 February 
Centrica PLCFull Year Results
Coca-Cola Europacific Partners PLCFull Year Results
Indivior PLCFull Year Results
MJ Gleeson PLCHalf Year Results
Moneysupermarket.com Group PLCFull Year Results
Relx PLCFull Year Results
Riverstone Credit Opportunities Income PLCFull Year Results
South32 LtdHalf Year Results
Standard Chartered PLCFull Year Results
  
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1 Nov 2022 10:09

LONDON BROKER RATINGS: UBS raises Auto Trader; Berenberg likes Next 15

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26 Oct 2022 09:58

Berenberg lowers target price on Moneysupermarket

(Sharecast News) - Analysts at Berenberg lowered their target price on price comparison website operator Moneysupermarket.com from 275.0p to 240.0p on Wednesday, citing risks from Amazon's newly announced home insurance comparison site.

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24 Oct 2022 10:12

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21 Oct 2022 12:03

Deliveroo lowers guidance for gross transaction value but shares rise

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