RSS Feed

BEES 2.0

MoneySupermarket shares soared on Thursday as the group posted first-half performance ahead of expectations.<br>The group revealed a stronger return to growth in travel insurance and travel than expected, and 'exceptional' trading across within its Money arm in the second quarter, driven by more competitive banking products. <br>Bank of England interest rate hikes have seen banks and building societies once again compete with one another in offering the most appealing savings rates for consumers. <br>      (image:  )    Ad campaign: Judi Dench is fronting Moneysupermarket.com's latest ad campaign<br>In the six months to 30 June, the group saw pre-tax profit rise to £42.1million, up from £37million. Group revenue increa              Share this article Share      HOW THIS IS MONEY CAN HELP        Adjusted earnings before interest, tax, depreciation and amortisation rose 10 per cent to £56.6million, coming in ahead of expectations, and an interim dividend was maintained at 3.1p a share.<br>The comparison site, which is currently fronted by a new Judi Dench-fronted campaign, boosted its advertising spend by £20million in the first half, up to £83million from £63million he previous year. <br>The groud said its new campaign was 'resonating well' with customers. <br>  It added: 'Trading dynamics for the rest of the year will be influenced by macro developments in travel and the ongoing transition to a steady state in the car and home insurance markets following the introduction of the FCA General Insurance Pricing regulations.<br>'We continue to expect the energy switching market to remain closed this year.  On this basis the board is confident of delivering adjusted EBITDA around the upper end of market expectations for the year.'<br>Peter Duffy, chief executive of Moneysupermarket Group, said: 'As the cost-of-living crisis bites, we're doing all we can to help the British consumer. <br>'We've performed well with strong profit growth despite some mixed end markets.  At the same time we're making strategic progress towards becoming a flexible tech-led savings platform, with all our core data now in Google Cloud Platform.'<br>  #fiveDealsWidget .dealItemTitle#mobile display:none #fiveDealsWidget display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px  #fiveDealsWidget div, #fiveDealsWidget a margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif #fiveDealsWidget .widgetTitleBox display:block; float:left; width:100%; background-color:#af1e1e; #fiveDealsWidget .widgetTitle color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px;  #fiveDealsWidget a.dealItem float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;  #fiveDealsWidget a.dealItem#last margin-right:0 #fiveDealsWidget .dealItemTitle display:block;  margin:10px 5px; color:#000; font-weight:bold #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img float:left; display:block; margin:0; padding:0 #fiveDealsWidget .dealItemImage border:1px solid #ccc #fiveDealsWidget .dealItemImage img width:100%; height:auto #fiveDealsWidget .dealItemdesc float:left; display:block; color:#004db3; font-weight:bold; margin:5px;  #fiveDealsWidget .dealItemRate float:left; display:block; color:#000; margin:5px #fiveDealsWidget .dealFooter display:block; float:left; width:100%; margin-top:5px; background-color:#e3e3e3  #fiveDealsWidget .footerText font-size:10px; margin:10px 10px 10px 10px; @media (max-width: 635px)  #fiveDealsWidget a.dealItem  width:19%; margin-right:1% #fiveDealsWidget a.dealItem#last width:20%  @media (max-width: 560px) #fiveDealsWidget #desktop display:none; #fiveDealsWidget #mobile display:block!important #fiveDealsWidget a.dealItem background-color: #fff; height:auto; min-height:auto #fiveDealsWidget a.dealItem border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px #fiveDealsWidget a.dealItem#last border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px  #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last  width:100% #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage float:left; display:inline-block #fiveDealsWidget .dealItemImage width:35%; margin-right:1% #fiveDealsWidget .dealItemContent width:63% #fiveDealsWidget .dealItemTitle margin: 0px 5px 5px; font-size:16px #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate clear:both    TOP DIY INVESTING PLATFORMS              Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.