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Comparison site revenues pick up

By Daily Mail Reporter
Updated: 04:17 EDT, 17 November 2009

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Moneysupermarket shares rose rose 5p to 85p after it reported a pick up in third-quarter trading.

Internet revenues at the price comparison site are down 15% on last year, but are 15% higher than they were in the first half of this year. Profit margins are also slightly ahead.

The financial site is still suffering from reduced consumer demand for loans and a lack of availability of easy credit.

But searches for the best savings deal have been popular as consumers 'looked to maximise their returns in a low interest environment'.

Travel revenues are also down because fewer people are going on weekend breaks.

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