Latest news with #SuperSaveClub
North Wales Live
07-07-2025
- Business
- North Wales Live
People spending more on DIY and less on going out
People are spending more on DIY upgrades to their homes and less on going out, according to new research from price comparison service MoneySuperMarket. As the cost of going out continues to rise, 75% of UK adults say they're now entertaining at home More than half (56%) have made home improvements. The findings coincide with a milestone for MoneySuperMarket's SuperSaveClub, with up to 10% cashback at retailers such as B&Q, Argos and Etsy. The data showed that as the weather warms up, outside spaces are the most likely to be targeted for a makeover,with 58% upgrading their garden with new furniture, lighting, or entertaining features like firepits and pergolas. One in four adults have created an outdoor barbecue space complete with furniture and lighting - making it the most popular home improvement. 14% have built their own bar at home. Kara Gammell, personal finance expert at MoneySuperMarket, said: 'With hosting at home a popular trend, making savings on your household bills makes even more sense." Kara said 'If you're tackling any DIY to prepare for hosting at home, it's important to understand which tasks could affect your home insurance. Certain jobs, such as electrical work, should be performed by qualified professionals, as attempting them yourself could void your home insurance if any issues arise.' Kara said: 'Our survey found half of people have had a party mishap, so it's worth spending a few minutes checking your home insurance cover. We found the most common mishap is spilled food and drinks on furniture, which you'd need accidental damage cover on your policy to claim for. It's also worth checking that you've listed any items that could exceed the single item limit – that's typically anything that cost more than £1,000, for instance, sofas and carpets. 'Hosting at home should be fun and relaxed, but in our survey half of people said they've had a party mishap. So you can host worry free, it's worth spending a few minutes checking your home insurance cover. Spilled food and drinks on furniture and carpets are the most common types of damage people told us they've experienced when hosting. To make a claim, you'd need accidental damage as part of your policy, which isn't always standard. It's also worth checking that you've listed any items that could exceed the single item limit – that's typically anything that cost more than £1,000, for instance, sofas and carpets.' Kara continues: 'Most home insurance policies with contents cover offer some level of protection for outdoor items, such as BBQs, furniture and plants. "However, the level of cover varies, and with over half of people sprucing up their garden for hosting, you may want to opt for additional cover to make sure you're adequately covered for expensive items such as outdoor kitchens, garden furniture and even plants.'
Wales Online
07-07-2025
- Business
- Wales Online
People spending more on DIY and less on going out
People spending more on DIY and less on going out A new report finds people are upgrading their homes for entertaining People are spending more on DIY upgrades to their homes and less on going out, according to new research from price comparison service MoneySuperMarket. As the cost of going out continues to rise, 75% of UK adults say they're now entertaining at home More than half (56%) have made home improvements. The findings coincide with a milestone for MoneySuperMarket's SuperSaveClub, with up to 10% cashback at retailers such as B&Q, Argos and Etsy. The data showed that as the weather warms up, outside spaces are the most likely to be targeted for a makeover,with 58% upgrading their garden with new furniture, lighting, or entertaining features like firepits and pergolas. One in four adults have created an outdoor barbecue space complete with furniture and lighting - making it the most popular home improvement. 14% have built their own bar at home. Kara Gammell, personal finance expert at MoneySuperMarket, said: 'With hosting at home a popular trend, making savings on your household bills makes even more sense." Kara said 'If you're tackling any DIY to prepare for hosting at home, it's important to understand which tasks could affect your home insurance. Certain jobs, such as electrical work, should be performed by qualified professionals, as attempting them yourself could void your home insurance if any issues arise.' Article continues below Kara said: 'Our survey found half of people have had a party mishap, so it's worth spending a few minutes checking your home insurance cover. We found the most common mishap is spilled food and drinks on furniture, which you'd need accidental damage cover on your policy to claim for. It's also worth checking that you've listed any items that could exceed the single item limit – that's typically anything that cost more than £1,000, for instance, sofas and carpets. 'Hosting at home should be fun and relaxed, but in our survey half of people said they've had a party mishap. So you can host worry free, it's worth spending a few minutes checking your home insurance cover. Spilled food and drinks on furniture and carpets are the most common types of damage people told us they've experienced when hosting. To make a claim, you'd need accidental damage as part of your policy, which isn't always standard. It's also worth checking that you've listed any items that could exceed the single item limit – that's typically anything that cost more than £1,000, for instance, sofas and carpets.' Kara continues: 'Most home insurance policies with contents cover offer some level of protection for outdoor items, such as BBQs, furniture and plants. Article continues below "However, the level of cover varies, and with over half of people sprucing up their garden for hosting, you may want to opt for additional cover to make sure you're adequately covered for expensive items such as outdoor kitchens, garden furniture and even plants.'
The Independent
08-05-2025
- Business
- The Independent
Moneysupermarket parent group saw energy deals surge ahead of price cap rise
Moneysupermarket said it saw a surge in its energy and home services business as suppliers raised promotional deals in advance of prices rising again in April. The company, which is owned by London-listed Mony Group, said the growth in deals had helped it deliver a 'modest increase' in revenue from January to the end of April compared with the same point last year. That is despite having had 'an exceptionally strong comparative period in 2024″, it said. The group was updating investors on its financials ahead of its annual general meeting on Thursday. The energy price cap was hiked again in April, which saw customer bills reach an average of £1,849 a year. At the time, consumer groups urged the 22 million homes still covered by the cap to consider fixing their prices so they would not be affected by the rise. Mony Group said it is on course to meet its full-year profit guidance and that its money division had seen 'continued momentum' despite fewer banking promotions. Meanwhile, its travel comparison service 'remains stable despite the challenging economic conditions and uncertainty currently impacting the UK consumer'. It comes after the group reported record revenues in 2024 as it benefited from growth in its insurance arm. The insurance division also enjoyed strong trading in home, life and travel insurance, which partly offset 'continued headwinds' in the car insurance switching market. The company added that its SuperSaveClub membership platform passed 1.3 million members.
The Independent
17-02-2025
- Business
- The Independent
MoneySupermarket firm raises dividend as insurance boosts revenues
The parent firm of MoneySupermarket has said it will hand out higher shareholder dividends and launch a share buyback after revealing a jump in profits. Shares in Mony Group lifted higher in early trading on Monday as a result. The London-listed firm told shareholders that it reported recorded revenues in 2024, as it benefited from growth in its insurance arm. We are proud to have helped customers save a record £2.9 billion - the more customers save, the more the group grows Peter Duffy, Mony chief executive Group revenues increased by 2% to £439.2 million for the year, compared with 2023. Insurance revenues grew by 7% to £235.6 million in the year, driven by a strong first half of 2024. This helped to offset weaker sales in its money, home services and travel comparison businesses over the year. It added that its breadth of business areas is set to help the company continue recent momentum 'despite headwinds in the car insurance switching market'. Mony revealed that its pre-tax profits grew by 11% to £80.2 million as it offset increases to its operating costs. The company said it will pay out a shareholder dividend of 12.5p per share, up 3%, as it also confirmed plans to hand up to £30 million to shareholders through a buyback. Peter Duffy, chief executive of Mony, said: 'We are proud to have helped customers save a record £2.9 billion – the more customers save, the more the group grows. 'We've done this by delivering strong performance both operationally and financially in 2024 as we continue to execute on our strategy. 'This includes encouraging customers to join our member-based propositions like the SuperSaveClub which, in turn, reduces our reliance on increasingly expensive pay-per-click (PPC) marketing.'
