Nimmo pick Moneysupermarket soars 16% on revenue boost

Smaller companies fund favourite Moneysupermarket.com rose 16% in morning trading after announcing better-than-expected results.

The price comparison site attributed the strong performance to an increase in energy switching after price hikes by the major energy suppliers, with October like-for-like revenues up 25%. It also revealed revenue growth of 5% for Q3 compared to the same period in 2012. Shares rose 25p to 180p, a gain of 16.3%. Moneysupermarket.com is a stalwart in a number of smaller companies and mid cap funds. Standard Life's Harry Nimmo holds a 2.3% position in his UK Smaller Companies trust, for example.