Shares in Treasury Wine Estates have surged

Shares in Treasury Wine Estates have surged

Shares in Treasury Wine Estates have surged more than eight per cent as the wine supplier provided a bullish outlook at its annual general meeting. TWE shares were 81 cents, or eight per cent, higher at $10.93 at 1402 AEDT. Chief executive Michael Clarke told shareholders gathered in Adelaide that TWE, whose labels include Penfolds, Wolf Blass and Lindeman’s, had a very bright future. “I am confident that we can continue to deliver outstanding results and, therefore, further value creation for you,” Mr Clarke said.

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