Wesfarmers rises after Coles buoys results

 In Australia, Coles, NewZealand

Wesfarmers shares rallied to a 15-month high after the conglomerate posted another strong earnings performance from its Coles supermarket divsion.
Wesfarmers said full-year net profit role 11 per cent to $2.126 billion. Its Coles unit capped a third year of market-beating performances as it stepped up its price war with bigger rival Woolworths.  Sydney Morning Herald – Read more…

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