Moneysupermarket dips on weaker money outlook
Moneysupermarket.com is in our portfolio because it brings both growth and yield. All the updates needed to track the progress of this quality company are in this update
Poor product availability in the money segment of Moneysupermarket.com (LON: MONY) - which included deals on credit cards, mortgages and current accounts - has dimmed the outlook for the company. Revenue in the division fell 5% in the three months to September, stunting the group's overall revenue growth to 4%. Money is the second largest subsidiary, contributing a fifth of third quarter revenues, which might explain why investors were spooked by the news.
Still, the dominant insurance business (50% of revenues) maintained its 3% growth in a challenging market, while the smaller energy business continued to storm ahead thanks to…
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