Australia's Treasury Wine Estates gains on review of Americas operations
04/06/2026 02:49
BUZZ-Australia's Treasury Wine Estates gains on review of Americas operations ** Shares of Treasury Wine Estates TWE.AX rise as much as 12.6% to A$4.64, their highest level since May 25
** Stock set for its best session since April 22, if current gains hold
** Winemaker says reviewing its Americas operations as part of a broader push to lift returns as it bets on three "Power Brands" to drive future growth
** Citi says in a note it expects the market to take the review positively
** About 5.4 million shares change hands, 1.3x 30-day average
** YTD, stock down 12.9%, including the day's move
(Reporting by Sherin Sunny in Bengaluru)
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