Last checked at 19 Oct 2022 09:43
LONDON BROKER RATINGS: HSBC lifts Marston's; Barclays cuts Flutter
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:
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Moneysupermarket.Com Information
Share Price Information for Moneysupermarket.Com (MONY)
Share Price is delayed by 15 minutes
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Share Price:
215.40
Bid:
215.00
Ask:
215.80
Change:
-2.80 (-1.28%)
Spread:
0.80 (0.372%)
Open:
211.20
High:
218.40
Low:
211.20
Prev. Close:
218.20
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Don't have an account? Click here to register.UK insurance comparison firms' shares slump as Amazon plans to launch rival site
Thu, 16th Aug 2018 11:12
(Sharecast News) - Shares in UK insurance price comparison firms such as GoCompare and Moneysupermarket have taken a hit following a report that Amazon is plotting the launch of a UK price comparison website for insurance.The company had already discussed such plans with three industry executives, Reuters reported, although one of the sources no launch was imminent, while another said the talks were part of broader discussions with insurers.It was still unclear what type of insurance would be sold, but some analysts believed home and motor insurance would be logical 'next steps' in the company's expansion into the 'brick and mortar world' and financial services, with the site likely to pose a serious challenge to existing UK comparison websites thanks to Amazon's cutting-edge technology and wide customer base.In an initial reaction, shares of GoCompare initially slumped by nearly 10% in early trading on Thursday, although the losses were later pared to 4.2%. Shares of Moneysupermarket meanwhile, which lists insurance products from the likes of Santander and LV, were off by 3% and those of Admiral by 1.2%.Ross Mould, investment director at AJ Bell, said: "Expanding into financial services may seem a strange move for a retailer, yet it makes sense when you consider Amazon's incredible reach and engagement with such a wide range of consumers."Home, travel and car insurance are already highly competitive markets from both an underwriting perspective and the number of price comparison sites. That won't bother Amazon as its muscle power and wide reach could give it a fighting chance of making a big success from facilitating the sale of third party insurance policies," he added.It's not the first time Amazon dabbles in the financial services industry as it already runs the Amazon Money Store which features a small selection of credit cards from companies such as Aqua, Provident Financial's Vanquis brand, and Royal Bank of Scotland.Intriguingly, Reuters also reported on how - in a possible sign of its intentions - in 2017 Amazon had begun placing job ads for a new insurance business in Europe.Separately, overnight Bloomberg reported that the online retailer was also in the running to purchase Landmark Theatres in the US, the owner of over 50 theatres specialising in independent and foreign films, broadening its footprint in the media space.
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18 Oct 2022 17:11
LONDON MARKET CLOSE: FTSE 100 stays green but optimism starts to fade
(Alliance News) - It was another green session in London on Tuesday, but the FTSE 100 was sitting behind peers in Frankfurt and Paris, as investors continue to take heart from the UK government unwinding all of the proposals put forward in its disastrous mini-budget.
Read more18 Oct 2022 16:54
London stocks eke out gains for fourth straight day on UK policy reversal optimism
Ithaca Energy explores IPO
*Read more18 Oct 2022 12:17
LONDON MARKET MIDDAY: Stocks climb but pound slips back below USD1.13
(Alliance News) - European stocks advanced on Tuesday, with global equity markets continuing to grow in confidence, after the UK government backtracked on its unfunded tax cuts and as US corporate earnings have come in decent so far.
Read more18 Oct 2022 10:00
LONDON BROKER RATINGS: Antofagasta raised; Jefferies likes Dechra
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more18 Oct 2022 08:38
Moneysupermarket runs ahead of expectations, led by money and travel
(Alliance News) - Moneysupermarket.com Group PLC on Tuesday said it will be increasing its guidance for the year following growth ahead of expectations in the third quarter.
Read more18 Oct 2022 07:55
LONDON BRIEFING: Bellway revenue rises; Panmure sizes up finnCap
(Alliance News) - London's FTSE 100 index was set to open higher on Tuesday, extending gains from Monday as a the dark cloud from last month's UK mini-budget appears to have cleared from equity markets.
Read more18 Oct 2022 07:21
Moneysupermarket sees FY at upper end of expectations after strong Q3
(Sharecast News) - Price comparison website Moneysupermarket said annual core earnings would be at the upper end of guidance after third-quarter trading came in ahead of expectations, driven by customers switching financial products and looking for better deals amid the cost-of-living crisis.
Read more11 Oct 2022 09:33
LONDON BROKER RATINGS: Numis cuts Kingfisher but raises Next
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more10 Oct 2022 12:10
LONDON MARKET MIDDAY: FTSE 100 trims opening loss amid Fed hike worry
(Alliance News) - European equities traded off session lows heading into Monday afternoon, finding some poise after a poor open, as markets deal with the fallout from last week's US jobs report.
Read more10 Oct 2022 09:33
LONDON BROKER RATINGS: HSBC lifts Fevertree; Jefferies likes Balfour
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read more10 Oct 2022 07:50
LONDON BRIEFING: DS Smith lifts guidance; Unite sales beat forecasts
(Alliance News) - The prospect of continued interest rate hikes cast a dark cloud over markets again at the start of the new week, following Friday's stronger-than-expected US jobs report.
Read more6 Oct 2022 10:46
LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
Read more2 Oct 2022 16:23
Sunday newspaper round-up: British Steel, Takeovers, Credit Suisse
(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph
Read more28 Sep 2022 09:31
CORRECT (Sep 26): Moneysupermarket.com hires Niall McBride as new CFO
(Correcting a reference to the new CFO's name to McBride.)
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