Steinhoff shares surge after update
Ratings agency Moody’s ‘satisfied with talks’ after accusations in magazine of dishonesty and accounting fraud
31 August 2017 - 09:25
Retail group Steinhoff’s shares had one of its best days on Thursday since transferring its primary listing to Frankfurt in December 2016. The share price moved up 2.6% to close at R62.86 following the release of a quarterly update for the nine months to end-June. It remains about 27% below the levels it was trading ahead of the Frankfurt listing.
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