Moneysupermarket.com moves closer to float

The prospects of price comparison site moneysupermarket.com moved a step closer this week after co-founder Duncan Cameron was bought out for 162 million.

Cameron agreed to sell most of his 47% stake to a company controlled by moneysupermarket.com chief executive and fellow founder Simon Nixon.

The website is thought to want a listing on the London Stock Market which could see it valued at one billion pounds.

More details to follow.