Moneysupermarket plans for expansion

A recruitment drive to hire more developers, as well as product and
business development staff, aims to enable the launch of more channels
before the year-end.

The company is reluctant to reveal precisely which services it is
looking at, due to fierce competition in the sector, notably from
uSwitch, which last month was acquired by US firm EW Scripps for £210 million.

However, Sean Thweny, business development director at the company,
said: "We are looking at niche areas where we can add value. A lot of
services have been covered by a lot of different companies, but we want
to be first into the market with something new."

He added: "We are looking at markets where there is a lot of choice and
lots of products to be compared."

He points to the mobile phone channel, launched last month, as a key
example of the kind of services the company is looking to exploit.

Meanwhile, Moneysupermarket's utilities-comparison service, which was
previously offered through a white-label deal, will relaunch on 1 June
using its own platform.