Woolworths changes spikes shares

Ross Greenwood speaks to Tony Boyd from the Australian Financial Review about the restructure at Woolworths.

The move has been a positive for Woolworths shareholders, according to Mr Boyd.

‘The shares really spiked today,’ he said.

‘When sentiment changes and sentiment definitely changed today, you can get a big upward movement.’

‘All the shareholders who’ve been hanging in there for this value proposition are very happy today.’

Click PLAY to hear Tony Boyd with Ross Greenwood