Business
Seven (ASX:SWM) share price is up today despite ‘secret loan’ revelations
The Seven West Media Ltd (ASX: SWM) share price has lifted today. That’s despite revelations in The Age newspaper that the media company provided its executive Ben Roberts-Smith with a $1.87 million loan without informing shareholders or the market.
Roberts-Smith, a former special forces soldier and decorated war veteran, has been the subject of an inquiry into alleged war crimes and this week faced a fresh investigation into an alleged conspiracy to silence witnesses.
At the time of writing, the Seven West share price is trading at 51.5 cents each, up 3%. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is 0.06%…
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