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 [...]
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 [...]
Direct Line to put flagship brand on price comparison sites for the first time Insurance Direct Line will list its signature brand on price comparison sites for the first time in its history, having held off doing so for years.