Moutter exit prompts 'sell' recommendation from Fat Prophets

Wed, 03 Apr 2019

By Rebecca Howard April 3 (BusinessDesk) - Stocks research house Fat Prophets changed its buy recommendation on Spark New Zealand to sell after news that chief executive Simon Moutter is stepping down. News that Moutter will be replaced by Jolie Hodson "has come as a surprise and is strange timing-wise in our view, given the host of new management initiatives which still have time to run (Agile), or have only just been launched (Spark Sport)," said Greg Smith, head of research at Fat Prophets, which operates offices in London, Sydney and...

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