A2 Milk shares fall as Bellamy's slide continues

Thu, 12 Jan 2017

By Sophie Boot Jan. 12 (BusinessDesk) - A2 Milk Co shares fell today, with rival ASX-listed Bellamy's Australia sliding another 17 percent after yesterday's slump when it cut its profit forecast for the second time, announced chief executive Laura McBain's exit, and tweaked the terms of its supply contract with Fonterra Cooperative Group. As at 2 pm in Wellington, Bellamy's ASX-listed shares had dropped to A$4.46, the lowest since August 2015. On the local index, A2 Milk fell 1.3 percent to $2.25, while Fonterra Shareholders' Fund rose 1...

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