A2 remains confident in Chinese demand as competitors emerge, share price drops

Sophie Boot
Mon, 02 Apr 2018

By Sophie Boot April 3 (BusinessDesk) - A2 Milk Co says it hasn't seen any change in growth in China and it's confident in its business as its share price continues to drop on news that competitors have begun selling their own A2-branded infant formulas in China. The stock dropped 6.5 percent last Wednesday, when Nestle confirmed it is had launched an A2 product under its Illuma brand, with the product called Atwo and sold in China. It fell a further 4.2 percent on Thursday and was recently down 4.4 percent to $11.86. In a statement to...
Opinion
ON THE MONEY: Boag, BNZ, Crimson and more
Victoria Young | Sat, 11 Jul 2020

Professional distancing We’re sure public relations expert and National Party stalwart Michelle Boag has had a few ups and downs in her colourful career, but you know things are rough when one of your...

Opinion
JEHAN CASINADER: Politicians are the worst advertisement for democracy
Jehan Casinader | Sat, 11 Jul 2020

In Wellington, when it rains, it pours.In recent weeks, there has been a steady stream of political scandals. Blunders, sagas, hiccups and missteps – too many to count.These events remind us why so ma...

Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.