Seven shares jumped as much as 10.6% to their highest level since May 31, 2019 in early trade, while the broader market (.AXJO) was up 0.9%. Rival media company Nine Entertainment reported, citing unnamed industry sources, that it was worth more than 30 million Australian dollars ($23 million) a year. Swinburne University senior lecturer on media Belinda Barnet described the New Showcase deal as a consolation prize since it did not include news linked through Googles search engine. ($1 = 1.2887 Australian dollars)Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Peter CooneyOur Standards: The Thomson Reuters Trust Principles. Seven separately reported a 26.5% jump in underlying profit for the six months to end-December, helped by strong performance in its advertising market.
Three more than one share increased by 50% to their highest level since May 31, 2019.
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Three more than one share increased by 50 % to their highest level since May 31 , 2019 .
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