FTSE 100 Live 17 February: Sterling at two-month high, Moneysupermarket results

FTSE 100 Live 17 February: Sterling at two-month high, Moneysupermarket results
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FTSE 100 Live 17 February: Sterling at two-month high, Moneysupermarket results
Author: Graeme Evans
Published: Feb, 17 2025 07:21

Summary at a Glance

The comparison site’s Insurance arm rose 7% to £235.6 million, although the softening of car and home premium inflation slowed the final quarter to 2%.

Chief executive Peter Duffy said: “Despite headwinds in the car insurance switching market, strength in our breadth provides us with resilience and we continue to see other opportunities for growth across the business.”.

Home Services growth was flat in the quarter, with some improvement in energy switching helping to offset continued challenges in broadband and mobile from provider retention strategies.

Moneysupermarket business Mony Group today reported record annual revenues of £439.2 million, a rise of 2% on a year earlier.

A final dividend of 9.2p lifts the total for 2024 by 3% to 12.5p a share, while the group has announced a share buyback programme of up to £30 million.

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