Thursday, June 26, 2008
No Money No Supermarket – Just a Cornershop
Price comparison website Moneysupermarket.com added to gathering gloom in the housing market today, warning that the mortgages and loans market was deteriorating. Although the company – which aims to help consumers choose the right services in areas such as finance and travel – said its first-half results would meet expectations, it painted a gloomy picture of the wider housing market. In a trading statement today, it said trading conditions at its money division, which accounts for roughly half of its revenues, "remained extremely challenging, especially in loans and mortgages, which on a monthly basis continued to worsen throughout the second quarter".