Business
Shares claim 14-month high after Yellen’s rates backflip – The Australian Financial Review
The S&P/ASX 200 Index rose 27.9 points on Thursday. It was a dramatic session for Nearmap, halted due to legal action after surging 15 per cent at the open.
Shares of Nearmap soared 15 per cent to $2.36 following an after-market revenue upgrade on Tuesday. But they were halted in the morning session when the company sought a suspension from trading pending the disclosure of legal proceedings. The Australian Financial Reviews Street Talk column linked the legal dispute to Eagleview of the US.
Nearmap was also scheduled to appear at the Macquarie Australia Conference after Wednesdays closing bell; its session was cancelled.
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