The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

STOCKS NEWS EUROPE-Moneysupermarket up on 2012 earnings outlook

Fri, 11th Jan 2013 10:53

Shares in price comparison website MoneySupermarket.com Group riseas much as 12 percent after the company says it expects to report double-digitgrowth in revenue and core earnings for its latest financial year. The company says 2012 adjusted revenue will increase by 15 percent to 204.5million pounds ($329 million), with core earnings rising 26 percent to 66million pounds. Moneysupermarket says fourth quarter revenue was up 18 percent with highdemand for lower priced insurance products offsetting a dip in demand forsavings products in the financial sector. Canacccord Genuity analyst Simon Daves says the company is"recession-resilient" and is likely to benefit from an increase in accountswitchingactivity in a tough consumer environment. Davies has raised his price target on the stock to 200 pence per share from147 pence. For more, click on To see MoneySupermarket's statement, please click on [ID::nRS5GNQrP] Reuters messaging rm://karen.rebelo.thomsonreuters.com@reuters.net($1 = 0.6209 British pounds)

Related Shares

More News
3 May 2024 13:37

UK dividends calendar - next 7 days

2 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 gets boost from StanChart, Smurfit Kappa

(Alliance News) - The FTSE 100 was firmly in the green on Thursday, with Standard Chartered and Smurfit Kappa leading the charge.

2 May 2024 10:27

Moneysupermarket.com to change holding company name to Mony Group

(Alliance News) - Moneysupermarket.com Group PLC on Thursday said it will change its corporate holding company name to Mony Group PLC, effective from ...

25 Apr 2024 15:49

UK shareholder meetings calendar - next 7 days

17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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.