Moneysupermarket plans for expansion

Moneysupermarket.com, the online comparison service, is aiming to employ 150 more people by the end of the year as it seeks to launch a wealth of new channels.

The firm, which has 415 staff, the majority at its Cheshire HQ, was founded on the idea of allowing users to compare personal finance products.

However, it has since expanded its services into new sectors such as travel, mobile and new cars, among others.

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.

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