a2 Milk says it's not planning to 'walk away immediately' or harm Synlait

a2 Milk says it's not planning to 'walk away immediately' or harm Synlait
(Image: Getty)
Riley Kennedy
The a2 Milk Company has no plans to dump Synlait as its supplier; however, its outgoing chair says it has to look long-term. In September, the dual-listed milk marketer cancelled the exclusive part of its supply agreement with Synlait after a2 Milk believed the manufacturer's delivery and performance during the year fell below the level required for it to maintain it.Synlait disputed the cancellation, kicking off 20 working days of good faith negotiations, which failed to resolve the disagreement, and the companies went into a confiden...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024