Treasury Wine enters trading halt before outlook update

The news: Treasury Wine Estates has entered a trading halt on the ASX as it prepares to release an updated outlook.

The context: The winemaker said it is in the final stages of preparing for an update ahead of an investor and analyst call on Wednesday, which will include information regarding the company's outlook.

The trading halt will be effective immediately and remain in place until the earlier of the update and the start of trading on Wednesday.

Earlier this month Treasury Wine flagged a $687 million impairment in its Americas business due to softer long-term market growth assumptions in that market.