Webjet enters trading halt before announcing ‘material’ impact to outlook

The news: Online travel agency Webjet Group has entered a trading halt pending an announcement regarding “future material changes to a certain commercial arrangement”.

The context: The company, which ended rival takeover talks with longtime suitors and major shareholders Helloworld and BGH Capital in February, said the update is expected to have a “material impact” on its financial outlook.

Webjet has requested the trading halt remain in place until the release of the announcement, which the company intends to lodge prior to market open on Wednesday.