Zoopla completes uSwitch takeover

Residential property website group Zoopla has completed the acquisition of utility price comparison site uSwitch for up to £190m.

In a short statement released on Wednesday, the FTSE 250 group said it had received clearance from the Financial Conduct Authority to complete the transaction, which had first been announced on 30 April.

The uSwitch website made revenues of £62.9m and adjusted operating profits of £16.2m last year from helping consumers compare rates on gas, electricity, home phone, broadband, credit cards, and secured and unsecured personal loans.

Zoopla shares closed up 2.87% to 240.00p on Wednesday.