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Wednesday 17 August 2022

A2 Milk

No dice from FDA for NZ dairy companies 10th August 2022 /

No dice from FDA for NZ dairy companies

The dairy company’s share price drops 10% after the FDA defers applications to import infant milk formula into the US.


A2 Milk: No US FDA approval… yet 3rd August 2022 /

A2 Milk: No US FDA approval… yet

Trading resumes in A2 Milk shares after the company says it is still awaiting a decision from the FDA clearing the way for its infant milk powder to go the US.


A2 Milk faces NZ class action 18th May 2022 /

A2 Milk faces NZ class action

The dairy company is now facing a class action in the NZ High Court, which relates to earning disclosures in the same period as Australian claims.


A2 Milk CFO quits, replacement announced 17th May 2022 /

A2 Milk CFO quits, replacement announced

The dairy company taps a former colleague of boss David Bortolussi to become its new finance lead.


A closer look: A2 Milk’s products, performance and price 22nd February 2022 /

A closer look: A2 Milk’s products, performance and price

Its Australian market share grows, but a wobbly US performance continues, and in-roads are made in China.


A2 first half profit dives, green shoots sighted 21st February 2022

A2 first half profit dives, green shoots sighted

The company says the results are inline with expectations and that it has made progress on its turnaround initiatives.


A2 Milk to defend second class action 25th November 2021

A2 Milk to defend second class action

The A2 Milk Company says it will defend a second class action filed in the Supreme Court of Victoria in Australia, this time by Shine Lawyers.


A2 Milk’s new growth strategy: People & planet top of 5 strategic priorities 17th November 2021

A2 Milk’s new growth strategy: People & planet top of 5 strategic priorities

The company has unveiled its new strategy to return it to the high-growth business it was pre-Covid.


A2 Milk reset puts China, infant formula, innovation at core 27th October 2021

A2 Milk reset puts China, infant formula, innovation at core

Dairy company A2 Milk has set a target of $2bn revenue within five years by “capturing its full potential” in the China infant formula market and ramping up innovation.


A2 Milk responds to more class action moves 22nd October 2021 /

A2 Milk responds to more class action moves

The A2 Milk Company says it is aware of reports about a potential class action led by Australia’s Shine Lawyers but has no knowledge of any further legal proceedings.


A2 Milk to “vigorously defend” class action 6th October 2021 /

A2 Milk to “vigorously defend” class action

A2 “considers that it complied with disclosures notifications at all time,” following a class claim filing in Australia alleging misleading or deceptive conduct.


A2 Milk, Synlait to be removed from S&P/ASX indices 7th September 2021 /

A2 Milk, Synlait to be removed from S&P/ASX indices

A quarterly review of all shares in the ASX to recalibrate the S&P Dow Jones Indices has seen New Zealand dairy companies A2 Milk and Synlait earmarked for removal from separate lists.


A2 Milk net profit plunges 79%, strategy review underway 26th August 2021

A2 Milk net profit plunges 79%, strategy review underway

The prolonged impact of Covid-19 and a rapidly changing China market has prompted the company to launch a growth strategy review.


Is Nestlé lining up A2 Milk? 16th August 2021 /

Is Nestlé lining up A2 Milk?

Suitors are reported to be weighing options around A2, but any potential offer would only be made after the milk company’s annual results next week.


New people chief for A2 Milk 26th July 2021 /

New people chief for A2 Milk

The A2 Milk Company has filled another role in its leadership team appointing a new chief people and culture officer following the departure of Lisa Burquest in January.


A2 in APAC restructure, reshuffle and recruitment 12th July 2021 /

A2 in APAC restructure, reshuffle and recruitment

Its Asia Pacific division will be split three ways in an effort to revive growth.


OIO greenlights A2 Milk’s $268m Mataura deal 6th July 2021

OIO greenlights A2 Milk’s $268m Mataura deal

A2 Milk says the Overseas Investment Office has signed off its proposed $268.5m purchase of a 75% interest in Southland dairy nutrition business Mataura Valley Milk.


A2 poaches Danone marketing lead 2nd July 2021 /

A2 poaches Danone marketing lead

The A2 Milk Company has appointed an infant nutrition marketing specialist from European food giant Danone as its new chief marketing officer.


A2 responds to reports of potential class action 1st June 2021

A2 responds to reports of potential class action

A2 said it believes it has complied with all disclosure obligations.


A bad day for A2 Milk 11th May 2021

A bad day for A2 Milk

The former darling of the NZX was forced to slash its revenue forecasts and write down the value of its assets.


Synlait, A2 sell-off follows Clement resignation 13th April 2021 /

Synlait, A2 sell-off follows Clement resignation

The dairy companies saw share prices slip following news that Synlait’s boss is leaving.


Daigou disruption sees A2 Milk profit, shares tumble 1st March 2021

Daigou disruption sees A2 Milk profit, shares tumble

The company suffered a 35% drop in interim profit in what it described as a “challenging” first half year.


A2 Milk in trading halt as earnings guidance revised 17th December 2020

A2 Milk in trading halt as earnings guidance revised

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A2 Milk maintains guidance, says 2020 has ‘tested us’ 19th November 2020

A2 Milk maintains guidance, says 2020 has ‘tested us’

The dairy company says it expects an uptick in activity in the second half of FY21 despite continuing uncertainty.