Business

Market close: a2 Milk surges on positive signs from China

Signs that China sales channels have improved gave dairy nutritional company a2 Milk a huge boost as it surged more than 12 per cent on a recovering New Zealand sharemarket. Global marketer a2 Milk leapt 76c or 12.38 per cent to $6.90, driving the S&P/NZX 50 Index to a close of 13,025.18, up 28.92 points […]

Business

Market close: Synlait, a2 Milk rebound on China baby news

China’s new three-child policy may have just given a2 Milk and Synlait a timely boost as their prices rebounded on an improving New Zealand sharemarket. The S&P/NZX 50 Index recorded a significant gain for the second day running, closing at 12,462.47 – up 141.75 points or 1.15 per cent, following its Monday 1.14 per cent […]

Business

What Fonterra’s high milk price will mean for farmers now

Fonterra enjoyed a 17 per cent lift in its operating earnings over the first half but chief executive Miles Hurrell says high milk prices will make for a challenging second half. The co-op has forecast a $7.60/kg milk price for the season, which will represent a higher input cost for the co-op. “This is not […]