Moneysupermarket hit as Barclays closes loans unit
An interesting side effect of the economic situation, and the credit crisis. Moneysupermarket are estimate to lose $7 million in referral revenue as a result of Barclays cancelling their secured loan service.
FT.com / Companies / Financial services – Moneysupermarket hit as Barclays closes loans unit
The group said First Plus was the largest provider of secured loans in the market, and its withdrawal would cost it £7m in revenues in the remainder of this year. Analysts at Numis had previously expected revenues of £186m this year.
