Moneysupermarket.com confident of meeting full-year expectations

Moneysupermarket.com said it is confident of meeting its expectations for the full-year despite an anticipated slowdown in revenues in the fourth quarter.

In a trading statement for the three months to the end of September, the company reported a 14% rise in revenues to £76.2m from the same period last year.

The group said it was benefiting from its multi-brand, multi-channel strategy, delivering good growth from both the money and energy divisions.

It said that as reported at the interims, the third quarter faced some strong comparatives. This and stronger competitor activity meant that the insurance business was flat in the quarter.

Moneysupermarket.com saw further growth, driven mostly by current account and credit cards, while Home Services benefited from the success of the latest MoneySavingExpert collective switch which attracted record numbers of customers.

Chief executive officer Peter Plumb said: "People are now seeing they can switch online and save money on far more than just car insurance. Our multi-channel offering across three brands has helped nearly five million families save over £200 on average on their bills in 2015, from energy to credit cards and broadband.”