Comparison website flags ‘strong’ start to the year

Price comparison group Moneysupermarket has flagged a “strong” first quarter as the energy price cap spurred people into changing providers.

Total revenue rose 19 per cent to £104.9 million during the period, in part thanks to the acquisition of Decisions Technologies last year which added £6.2m.

Chief executive Mark Lewis said: “The reinvent strategy continues with a strong first quarter of trading, notably helping a record number of customers beat the rising energy price cap. “Moneysupermarket innovation continues. We have new branding and advertising to remind everyone how we can help them with their finances.”