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Moneysupermarket predicts 10% increase in revenue


Cheshire-Based Moneysupermarket says it’s on target for a 10% increase in revenues to £158m.

In a trading update, it added that it would be making “some additional” marketing investment ahead of its interim results in August.

“As UK families prepare for life after the Brexit vote, with potentially rising energy prices, rising insurance prices and lower interest rates, our trusted brands and services will be there to make sure household bills are as low and easy to switch as possible,” stated CEO, Peter Plumb.

“Moneysupermarket is a pure play digital business, with a strong balance sheet and a new technology platform built to deliver personalised market leading services no matter what device people use to manage their money in the turbulent years ahead.”

The company said that MoneySavingExpert and TravelSuperMarket also performed in line with expectations.

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