Money Supermarket
Encyclopedia
Moneysupermarket.com Group PLC is a British
price comparison website-based business specialising in financial services. The website enables consumers to compare prices on a range of products, including mortgages, credit cards and loans. It is listed on the London Stock Exchange
and is a constituent of the FTSE 250 Index
.
and personal loan information additional brands insuresupermarket.com and travelsupermarket.com have been added.
In June 2007 Duncan Cameron left the business selling his 47% stake to Simon Nixon for £162m and in July 2007 the company was listed on the London Stock Exchange
. At the time it had a market capitalisation of £843m and, as at 2011,it remains the biggest internet initial public offering
in Europe.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
price comparison website-based business specialising in financial services. The website enables consumers to compare prices on a range of products, including mortgages, credit cards and loans. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The business was established in 1993 by Simon Nixon (a student at Nottingham University) and Duncan Cameron as a provider of off-line mortgage information to Independent Financial Advisors under the name Mortgage 2000. and in 1999 launched moneysupermarket.com providing on-line mortgage information since then the business has been developed to provide credit cardCredit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
and personal loan information additional brands insuresupermarket.com and travelsupermarket.com have been added.
In June 2007 Duncan Cameron left the business selling his 47% stake to Simon Nixon for £162m and in July 2007 the company was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. At the time it had a market capitalisation of £843m and, as at 2011,it remains the biggest internet initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
in Europe.
Operations
The Company derives its revenues from three main sources:- Money vertical
- Insurance vertical
- Travel vertical
Criticisms
In 2007 the Guardian newspaper noted that price comparison websites such as moneysupermarket.com rarely include all products on the market and therefore any price comparisons are inaccurate.See also
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External links
- Corporate website
- moneysupermarket.com on AlexaAlexa InternetAlexa Internet, Inc. is a California-based subsidiary company of Amazon.com that is known for its toolbar and Web site. Once installed, the toolbar collects data on browsing behavior which is transmitted to the Web site where it is stored and analyzed and is the basis for the company's Web traffic...