Navitas shares plunge 30%

Shares in education services provider lose 32% after losing major contract with Macquarie Uni.

Shares in education services provider Navitas (NVT) have plunged more than 30% after losing a major contract with Sydney's Macquarie University.

Macquarie announced that from 2016 it would replace Navitas by establishing its own college for domestic and international students seeking a pathway from high school into university.

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