ASX 200 drops, Webjet reveals B2B plan, Cimic wins again on Thursday 18 March 2021

The S&P/ASX 200 Index (ASX: XJO) fell by 0.7% today to 6,746 points.

Here are some of the main highlights from the ASX today:

The ASX travel business announced a transformation strategy update today for its business to business division called WebBeds.

Webjet’s plan is to make WebBeds the number one global business to business provider. It told investors that initiatives are underway to be 20% more cost efficient at scale.

It’s expanding into new regions, serving new customers and taking advantage of changing travel patterns. Simplifying and refining technology and processes across the business are a key part of the plan.

Webjet said it’s targeting AU$10 billion of total transaction value (TTV).

As part of the update, it…