Moneysupermarket falls after Martin Lewis sells 9m shares

Moneysupermarket.com Group shares were down almost 5% after personal finance commentator Martin Lewis trousered £25m from the sale of 9m shares.

Lewis's sale, which was brokered by Credit Suisse, represented roughly 1.6% of the company's shares, while the sale by the Charities Aid Foundation of 4.27m shares, out of the holding that it received as a donation from Martin Lewis, representing another 0.8%.

The personal finance guru, who continues to hold a 1.5% stake in the business, has agreed to a further lock-up of 180 days from the date hereof in respect of his remaining shares in the company.

Lewis, who sold his MoneySavingExpert.com website to Moneysupermarket for £87m in 2012, confirmed recently that he would step down from his role as editor-in-chief of the site in September to become its chairman.