Moneysupermarket update provides lift

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Moneysupermarket update provides lift
Master Investor Magazine

Master Investor Magazine 60

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FTSE 250 financial comparisons site Moneysupermarket (LON:MONY) saw its share price climb 4.03% to 294.80p (as of 13:00 GMT) after reporting a 2% improvement in revenues for the first quarter, driven by travel and life insurance. Management said that engagement had remained strong during the corona outbreak, but said that demand for some services had fallen and management said they couldn’t provide guidance for the year.

CEO Mark Lewis commented: “Having fully moved to remote working to support the health and safety of the team, we remain as committed as ever to help our customers through this crisis.

“As household incomes come under pressure, we continue to offer a broad range of deals for people looking to save. The MoneySavingExpert team continues to publish the most authoritative guides to help people navigate the impact of Coronavirus on their finances.

“This situation is continuing to develop but we in turn will continue to do all we can to help our customers at this difficult time“.

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