Travel insurance slump cuts profits at Moneysupermarket
by Jillian Ambrose from on (#5EB0C)
Profits fall 27% as pandemic also cuts appetite for new home, car and life insurance deals
Price comparison website Moneysupermarket has reported a sharp slump in annual profits after coronavirus restrictions wiped out demand for travel insurance.
The financial services platform, which helps customers compare deals, reported a 24% fall in pre-tax profits, to 87.8m, following negligible" revenues from its TravelSupermarket site.
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