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Moneysupermarket dips on weaker money outlook

17/10/2019 · (MONY) 


Moneysupermarket money calm goat in tub advertising banner 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 (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…

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