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BUZZ-Moneysupermarket: Contracting insurance business weighs

** Price comparison site Moneysupermarket's shares down 10 pct, bottom of the Stoxx 600, after reporting a bigger-than-expected Q4 contraction in its insurance unit

** Stock set for worst day since July 2013, with a third of its 30-day avg vols gone through in the first 10 minutes of trade

** Co cites choice not to retaliate against competition's marketing activity in order to preserve margins for loss of momentum

** "Insurance is weaker in 4Q than we expected so there is arguably an upgrade foregone," Investec (LSE: INVP.L - news) analysts write in note

** Stock biggest drag on the Stoxx 600 Media Index and bottom of the FTSE mid-250 Index (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)