A2 Milk cut to underperform at First NZ as brokerage awaits proof Australian success can be replicated

Jonathan Underhill
Tue, 24 Nov 2015

By Jonathan Underhill Nov. 25 (BusinessDesk) - A2 Milk, whose shares soared 65 percent in just over two weeks, was cut to 'underperform' at brokerage First NZ Capital, which said it wants evidence the milk marketer can repeat its Australian success in other markets such as China, the UK and the US. The shares fell 0.8 percent to $1.22 on the NZX today, having soared to a record $1.27 yesterday from 77 cents on Nov. 6. A2 Milk, whose shares also trade on the ASX, has been part of an Australian rally driven in part by media reports of a sho...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.