Australia's Web Travel jumps on share-buyback plan, strong outlook

Webbeds

28/07/2026 01:55

Updates
** Shares of Australia's Web Travel WEB.AX rise as much as 12.46% to A$3.160, hitting their highest level since February 27
** Stock on track for best intraday gain since February 9
** B2B travel distributor says it intends to conduct share buyback up to a maximum value of A$90 million  ($62.87 million)
** Says 1H27 underlying EBITDA on track to be between A$80 million and A$86 million, compared with A$81.7 million in 1H26
** Citi says buyback and outlook "signal confidence, despite growing macro uncertainty"
** Stock down 34% this year, including the day's move

($1 = 1.4316 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))