- announced it would propose to change its name to 'GoCo Group plc' to reflect the transformation of the group.

The update comes as the company was set to host its first Capital Markets Day for investors and analysts.

The event would provide attendees with the opportunity to gain further insight into the company's plan including a deep-dive into the performance of the core GoCompare business; an update of our recent acquisitions including Energylinx and MyVoucherCodes; and the launch of its new automated savings proposition, weflip.

The company also vowed to exploit the 'substantial opportunity' in addressing 'infrequent switchers.'

'We believe there is a substantial opportunity in addressing the 'infrequent switchers' and that we have the skills, technology and discipline to exploit this. We now intend to move quickly and decisively to capture this market,' said Matthew Crummack, Chief Executive Officer.

'Our strategy is to build a scalable set of technology services which will enable us to further optimise and grow our core GoCompare and MyVoucherCodes brands, while innovating with our weflip brand to unlock an exceptional medium-term growth opportunity.'

'We are also announcing a proposed change of name for the company to 'GoCo Group plc', reflecting the transformation of the Group since we listed on the FTSE in November 2016. We will seek shareholder approval for this name change at the Annual General Meeting in May.'

At 10:07am: [LON:GOCO] Group Plc share price was -0.1p at 73.9p

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