Westminster Travel Limited

The Australian market Wednesday ended the last trading session of the 2010 financial year in a negative territory. The market clawed back some ground from the sharp loss in early trade. At the close, the benchmark S&P/ASX200 index fell 44.2 points, or 1.02 per cent, at 4,301.5 points, while the broader All Ordinaries index was down 45.8 points, or 1.05 per cent, at 4,324.8.

Online travel service provider Webjet Limited (ASX:WEB) said the company has entered into a 50 per cent joint venture with Westminster Travel (SIN:5OF), a Hong Kong based travel agency, in a move to expand its operations into Asia.