Business
ASX rises 0.9 pc, buoyed by Zip, Nearmap – The Australian Financial Review
The Australian share market rallied on Monday, as Nearmap rebuffed a short-selling attack, the buy now pay later sector rallied and banks performed well.
Goldman Sachs is forecasting full-year adjusted EBITDA of $442.4 million and the broker said news over potential acquisitions and store growth momentum in France could provide upside surprise.
Companies reporting on Monday included Nearmap, which soared 19 per cent to $2.57.
The company dismissed claims from short seller J Capital as false and revealed its US business finished with record annualised contract value (ACV) of $US35.1 million ($45.3 million) as of last December 31. Nearmap narrowed…
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