Profits soar at Confused

Car industry

Confused.com has reported a rise in revenue to £44m for the first six months of 2016 compared to £38.9m in the same period of last year.

The aggregator noted that the UK price comparison market remains fiercely competitive, but added that "favourable market conditions" which it detailed as rising prices and more shopping activity meant more visitors to the website.

Profit for the half year nearly doubled from £4.8m to £8.3m.

Parent company Admiral posted a 4% rise in profit before tax to £193m

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