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a2MC provides notice of cancellation of Synlait’s exclusive supply rights. Supply Agreement otherwise continues The a2 Milk Company (a2MC) has decided to end the exclusive agreement it had with Synlait Milk Limited (Synlait) for making and supplying certain baby formula products. These exclusive rights covered the production of stages 1
Hey there, Kiwis! Let’s talk about something we all know and love to think about – “our mortality”. I know it is not the most thrilling topic but bear with me because we are about to embark on a journey that is equal parts informative with a bit of satire.
Transferring a UK Pension Scheme can have various tax consequences, and it’s essential to understand these implications before making any decisions. In May 2014, the Inland Revenue Department in New Zealand changed the way benefits held in overseas pension arrangements were taxed. Previously, it was the obligation of the New
Regular readers may recall a piece we put together around a year ago when we looked at the old stock market saying “Sell in May and go away, come back on St Leger day”. It was based around the days when City traders would leave London in May, tour Europe
COUNTDOWN TO THE FIFA WOMEN’S WORLD CUP It has been a long season in Glasgow, starting back in July of 2022 we have just wrapped up at the end of May 2023. Crowned Scottish Women’s Premium League champions and in doing so we achieved our biggest target for the season,
The month of May saw Richard visiting family in the UK, who fortunately live close to Edinburgh which presented him with an ideal opportunity to visit Stewart Heggie, Investment Director, and Grant Walker, Head of Intermediary Sales at Baillie Gifford for a further update on developments at the Scottish Mortgage
Key Takeaways: Extended Summary: Ebos Group witnessed a significant drop of 9.8% in its shares following the loss of a major contract to supply pharmaceuticals to Chemist Warehouse, a discounter pharmacy chain. The A$1.9 billion (NZ$2.06 billion) contract, accounting for more than a tenth of Ebos Group’s annual revenue of
Key Takeaways: Extended Summary Following the news that Synlait Milk can continue manufacturing A2 Milk infant formula for China, Synlait Milk shares experienced a significant surge of nearly 16%, while bond yields eased. The announcement provided reassurance and certainty regarding future revenue, according to Stuart Davison, a global dairy consultant
Key Takeaways Extended Summary Infratil has unveiled its intentions to purchase Brookfield Asset Management’s stake in One NZ for $1.8 billion. This strategic move will boost Infratil’s shareholding in One NZ from 49.95% to 99.9%. The acquisition will be funded in part by an $850 million equity raise, along with
Key Takeaways. Extended Summary: Pacific Edge’s stock plummeted by 89.9% following the announcement that Medicare coverage of Cxbladder tests in the US would cease from July 17. After a temporary halt, trading resumed at a mere 5 cents per share, down from 49.5 cents. This drastic decline resulted in a
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