Moneysupermarket.com posts growth in all divisions

Moneysupermarket.com’s full-year revenues are expected to grow 14% for the year to £281.7m across the group.

Moneysupermarket.com’s full-year revenues are expected to grow 14% for the year to £281.7m across the group.

The FTSE 250 company issued a trading update on Friday for the fourth quarter to 31 December 2015.

It showed the website brought in £56.4m for the three months, an increase of 5%.

That was driven by 28% growth in the money business to £17.4m, as well as 25% growth in the home services division of £10.2m

However insurance revenues for the quarter dropped 10%, down to £28.9m due to stronger competitor marketing activity than anticipated.

The company said initiatives are underway to bring momentum back to the insurance business in 2016.

Throughout the year, all parts of the business saw revenue growth with money and home services the big winners, rising 23% to £72.4m and 68% to £37.5m respectively.

The group’s biggest division insurance grew 2% in the year to £140.2m.

Chief executive Peter Plumb said it has been a strong year for the group.

“I am particularly pleased that we have helped many more people switch their energy supplier, credit card and current account than ever before.

"In December we successfully rolled out our new technology platform to car and home insurance and to TravelSuperMarket.com achieving a major milestone in our three year technology investment programme, and paving the way for benefits for our customers in 2016."