A2 Milk drives NZ shares higher

The news that Bubs Australia had found a way to enter the US market was well received by A2 investors. (Image: A2)

Mon, 30 May 2022

New Zealand's benchmark equities index rose on Monday as the United States looked down under for solutions to its critical shortage of infant formula, sending A2 Milk up more than 10%.The S&P/NZX 50 Index rose 80 points, or 0.7%, to 11,145.50. Turnover was $148 million.Shares in infant formula maker Bubs Australia soared today after the Australian company struck a deal to export its products to the US, which has been struck with a shortage.US President Joe Biden announced the deal in a tweet this weekend saying the company would deliver...

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