Moneysupermarket hopeful as Google agrees to search solution

 
Kate McCann
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PRICE comparison website Moneysupermarket yesterday said that group revenues rose eight per cent in the three months to the end of March, in line with expectations.

However revenue from online insurance sales was flat in the first quarter, with visitor numbers down four per cent compared to the same quarter last year.

A penalty applied by Google on searches for the company meant Moneysupermarket was ranked lower than expected, the company said, adding that Google has now lifted the search penalty and visits have significantly improved.

“Helped by our increasingly diversified business, this was a good first quarter given the headwinds we’ve faced since last year. Our investment programme is on track,” said chief executive Peter Plumb.

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