Coles: up to 7% rise on trading debut as broader market wilts
date:Nov 23, 2018
ng BBQ food and drinks during the hot summer.
Source: retailanalysis.igd.com

Australia: Coles rises up to 7% on trading debut as broader market wilts
Australias second-biggest grocery chain, Coles Group Ltd, traded as a standalone listed company for the first time in over a decade, with its shares rising as much as 7% by the midday break. The 104-year-old mainstay of Australian life had since 2007 been owned by conglomerate Wesfarmers Ltd, which in March decided to spin off the A$17bln superma
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