Money Supermarket shares tumble to 13-year low on AI fears Markets Shares in Money Supermarket have tumbled to their lowest in 13 years on renewed anxieties that advances in AI are eating into the value of price comparison sites. The FTSE 250 stock sunk as much as 13 per cent by mid-morning on Tuesday, before paring back losses later in the afternoon. Mony Group shares closed [...]
Moneysupermarket owner rolls out buyback after profit jumps Business Moneysupermarket’s parent company has announced a £30m share buyback programme amid a jump in profit. Mony Group reported a two per cent increase in revenue to £439.2m for the year ended 31 December 2024, driven by the performance of the group’s insurance offering. Overall, group profit after tax rose 11 per cent to £80.2m from [...]
Revenue falls at Moneysupermarket’s parent due to weak broadband demand Retail Moneysupermarket’s parent company has reported a two per cent drop in revenue to £112.9m in its third quarter, as travel and home services dragged down growth. The price comparison company said low demand for broadband and fewer smartphone launches meant revenue from home services fell eight per cent. Revenue from travel was 15 per cent [...]