A2 scotches talk of infant formula woes; shares gain

Wed, 21 Dec 2016

By Paul McBeth Dec. 21 (BusinessDesk) - A2 Milk Co shares gained after the milk marketer played down fears about the infant formula market stemming from ASX-listed rival Bellamy's Australia's extended trading halt. The stock gained 5.4 percent to $2.15, having been under pressure since Dec. 12 when Bellamy's sought a trading halt, stoking speculation about the formula market. Auckland-based, Sydney-headquarter A2's infant formula business is still underpinning significant sales growth, it said in a statement. The stock fell as much as...

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