'Sudden and unexpected': Synlait CEO Leon Clement to step down
Synlait Milk's chief executive Leon Clement is to step down.
Synlait Milk's chief executive Leon Clement is to step down.
Synlait is now looking at breakeven this year. Will it need to raise more capital?
Synlait has thrown out its earning forecast due to uncertainty over Covid-19 disruption.
The market is preparing for a possible earnings downgrade from a2 Milk.
Synlait's successful capital raising comes as the company resolves a number of issues.
Synlait is raising $200m for further investment and to shore up its balance sheet.
The NZ sharemarket is poised to push higher after news overnight.
Synlait shares have gone into a trading halt, pending an announcement.
Synlait is expected to report a flat earnings for the July 2020 year on Monday.
A2 Milk plans to start making its own formula, but says partner Synlait shouldn't worry.
More than two dozen products were recalled.
Synlait makes it a trio in approach to Government over Fonterra market power.
The Green Party plans to end industrial coal use by 2030.
Synlait is appealing a decision which ruled covenants must stand.
Synlait expects to pay $7.05 per kilogram of milk solids for the season just ending.
A2 supplier says NZ has a chance to reset its export model.
Fonterra recognises a sustained drop in consumption would impact sales
An oral hearing will be held ahead of Supreme Court decision on Synlait land.
COMMENT: Fonterra, Synlait and A2 Milk face various cost impacts.
Home delivery is coming back in some towns, with boutique supplies delivered in glass.
Synlait still believes a practical solution is attainable.
Westland takeover brings into focus the footprint of Chinese Government-backed companies.
Is it in New Zealand's best interests?
Synlait posted a net profit of $37.7m.
Synlait profit jumped to $40.7 million from $10.2 million a year earlier.
Z Energy, A2 Milk and Metro Glass shares also make gains.