Scandal-plagued travel firm’s share price drops 85pc, ASX recovers | Finance Report | ABC NEWS

2 hours ago The News Room

The Australian share market was able to snap its three-day losing streak after investors decided to ‘buy the dip’.

Meanwhile, shares of Corporate Travel Management (ASX:CTD) plunged 85 per cent on its first day back on the market, after its year-long trading suspension was lifted.
The company was caught in a financial scandal, which involved overcharging the British government, along with clients in the UK, Australia and New Zealand by as much as $272 million.

Presented by David Chau.

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