News

STW shares rally slightly to close at 79.5 cents

February 20, 2015 4:35

stw logoThe STW Communications share price has closed at 79.5 cents today having closed at $1.028 yesterday, a 22.44 per cent decline.

STW opened this morning with a market capitalisation of $412.5m, and is now valued at $314.59m.

The crash in share price came after Australia’s largest marketing services group revealed its earnings dropped by five per cent last year, with CEO Mike Connaghan pinning the blame on the group’s new business record and signalling it would undergo a “strategic and structural review of the business”.

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Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

Topics
crash finances shares STW STW Group
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