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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
3 mins to read

Fletcher shares surge on Wesfarmers news but is it true?

A leak from Wesfarmers would be “a sackable offence.”

Jenny Ruth
Fri, 13 Apr 2018

Fletcher Building shares surged after an Australian newspaper reported Wesfarmers has been buying shares and suggesting it might launch a takeover.

Fletcher shares jumped 70c, or 12%, to $6.54, with 144,000 shares traded within minutes of the start of trading.

That boosted its market

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Jenny Ruth
Fri, 13 Apr 2018
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Fletcher shares surge on Wesfarmers news but is it true?
General Business,
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true