Angus Energy to drill new Saltfleetby side-track before First Gas to avoid safety complications. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMoneysupermarket.Com Share News (MONY)

Share Price Information for Moneysupermarket.Com (MONY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 265.20
Bid: 265.40
Ask: 265.60
Change: 0.00 (0.00%)
Spread: 0.20 (0.08%)
Open: 270.40
High: 270.40
Low: 265.00
Yest. Close: 268.00
MONY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Moneysupermarket Q3 revenues hit by Covid-19 crisis

Thu, 22nd Oct 2020 08:12

(Sharecast News) - Price comparison website Moneysupermarket.com posted a decline in third-quarter revenue on Thursday as the Covid-19 pandemic affected several of its channels.
In the three months to 30 September, revenue fell 16% to £85.1m, with revenue in the nine months to the end of September down 11% to £268.4m.

In the money business, revenue was down 40% in the third quarter to £12.5m, while the insurance segment saw an 8% decline to £45.7m. Home services revenue was 13% lower in Q3 at £15.5m, with other revenue down 9% at £11.5m.

Moneysupermarket said the performance of the insurance business was consistent through the quarter and slightly ahead of June, with the motor segment continuing its "strong" performance, although home and life declined year-on-year and travel insurance revenue remained "negligible".

Trading dynamics in Money were similar to the second quarter, with tightened lending criteria and low product availability in banking leading to a weak performance.

Home services grew in July, the company said, mainly due to a strong energy performance on MSE. However, revenue growth began to slow as the quarter progressed.

"The energy price cap fell as expected, while wholesale prices rose. As a result, the level of savings available to customers fell sharply, and energy market switching reduced substantially," it said.

Chief executive officer Peter Duffy said: "Our markets continue to be impacted by Covid-19, which is affecting our current performance. However, the group benefits from strong brands and high levels of cash conversion, so we are well positioned to weather this period of economic uncertainty and deliver future growth."

More News

PRESS: Devon tungsten mine owner plans GBP100 million AIM IPO - Times

PRESS: Devon tungsten mine owner plans GBP100 million AIM IPO - Times

16 May 21 11:10

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

13 May 21 16:07

Moneysupermarket.com and Icelolly.com form holiday comparison business

Moneysupermarket.com and Icelolly.com form holiday comparison business

13 May 21 11:18

Moneysupermarket's travel business to combine with Icelolly.com

(Sharecast News) - Price comparison website Moneysupermarket.com said on Thursday that its TravelSupermarket business (TSM) will combined with Icelolly.com to enable "stronger and broader travel comparison services across both brands".

13 May 21 10:26

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

6 May 21 15:52

BROKER RATINGS: JPMorgan ups LondonMetric Property to Overweight

BROKER RATINGS: JPMorgan ups LondonMetric Property to Overweight

20 Apr 21 09:26

LONDON MARKET OPEN: FTSE down as pound strengthens; UK jobs data mixed

LONDON MARKET OPEN: FTSE down as pound strengthens; UK jobs data mixed

20 Apr 21 09:04

Revenue down at Moneysupermarket.com as pandemic disruption continues

Revenue down at Moneysupermarket.com as pandemic disruption continues

20 Apr 21 08:46

LONDON BRIEFING: ABF benefits from food businesses as Primark reopens

LONDON BRIEFING: ABF benefits from food businesses as Primark reopens

20 Apr 21 08:12

LONDON MARKET PRE-OPEN: AB Foods resumes payout as Primark stores open

LONDON MARKET PRE-OPEN: AB Foods resumes payout as Primark stores open

20 Apr 21 07:52

Moneysupermarket Q1 revenues fall 20%

(Sharecast News) - First quarter revenue at price comparison platform Moneysupermarket fell by a fifth as consumers reined in their spending during the latest Covid lockdown.

20 Apr 21 07:00

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

13 Apr 21 15:11

EXECUTIVE CHANGES: Good Energy and Joules pick from Moneysupermarket

EXECUTIVE CHANGES: Good Energy and Joules pick from Moneysupermarket

7 Apr 21 14:30

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

1 Apr 21 16:13

BROKER RATINGS: Morgan Stanley upgrades BT to Overweight

BROKER RATINGS: Morgan Stanley upgrades BT to Overweight

29 Mar 21 09:36

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.