Business
Why Webjet (ASX:WEB) got kicked out of ASX All Tech index – The Motley Fool Australia
The online travel agency will no longer be in the group of elite Australian technology companies. Did it shrink, or was it another reason?
Webjet Limited (ASX: WEB) will be removed from the S&P ASX All Technology Index (ASX: XTX) on 22 March.
This means that a business with a $2.1 billion market capitalisation will be missing from the most prominent index of Australian technology companies.
Webjet has been a success story in the local tech scene. The online travel agency was founded in 1998 then reverse listed on the ASX two years later.
The Webjet share price hovered around the 10 cent mark in mid-2005. But it spiked up to about $3.50…
-
Business22 hours agoWhy Auckland Airport, Australian Ethical, Breville, and Clarity shares are charging higher
-
Business23 hours agoMacquarie increases price target for Qantas shares
-
Noosa News24 hours agoHoyts Is Set to Launch Up to Five New IMAX Screens in Australia — Including at Melbourne Central Before the End of 2025
-
Noosa News22 hours agoCommonwealth Bank executive Christopher James McCann found dead in Springbrook National Park