Shares sink on shock CEO resignations

Mon, 12 Apr 2021

New Zealand's main share index fell as surprise resignations from Pacific Edge and Synlait Milk’s chief executives sent both stocks tumbling. The S&P/NZX 50 Index fell 55.64 points, or 0.4%, to 12,518.71. Within the index, 24 stocks fell, 20 rose and six were unchanged. Turnover was $198.9 million.Pacific Edge led the decline, falling 4.2% to $1.15, after David Darling announced he would step down as chief executive in April next year.On Friday, shares in the cancer diagnostic firm leapt more than 20% after the biggest healt...

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