Page 12 - Peter Nathan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Why the A2 Milk (ASX:A2M) share price is crashing 15% lower today James Mickleboro | May 10, 2021 1:00pm | More on: A2 Milk Company Ltd (ASX: A2M) share price on Monday. At one stage today, the fresh milk and infant formula company’s shares were down 15.5% to a multi-year low of $5.93. The a2 Milk share price has recovered a touch since then but remains 9% lower at $6.40 at the time of writing. Why is the a2 Milk share price crashing lower? Investors have been heading to the exits in their droves on Monday after a2 Milk downgraded its FY 2021 guidance for the fourth time.

Tina Morrison13:07, May 10 2021 SUPPLIED Sales of a2’s infant formula to China have been hurt by disruptions to trading during the Covid-19 pandemic. Shares in The a2 Milk Company plunged to their lowest level in more than three years after the specialty milk marketer cut its forecasts for a fourth time as its sales to China were disrupted by the Covid-19 pandemic. A2 expects revenue of between $1.2 billion and $1.25b in the year to the end of June, down from its $1.4b forecast in February, and $1.73b last year, it said in a statement to the NZX on Monday. It slashed its forecast profit m...

Jarden Brief: Major US pipeline hit by cyber attack 10 May, 2021 08:12 PM 7 minutes to read Colonial Pipeline transports more than 2.5 million barrels of fuel every day. Photo / AP NZ Herald Coming Up Today: The UK will release GDP figures. Investors may be interested in the impact that these numbers have for continued European stimulus. Chinese CPI numbers are to be released which will provide another data point in the building inflation narrative. In New Zealand, Meridian will hold its investor day, the ANZ truck-o-meter stats will be released and April card spending numbe...

ASX hits new record high; BHP, Rio, Fortescue soar Save Share ASX could hit 7500 in coming weeks William McInnes The momentum in the Australian sharemarket is set to continue, with some investment experts tipping the S&P/ASX 200 Index could clear 7500 in the coming weeks, driven by the banks and iron ore miners. The benchmark index closed at its highest level on record on Monday driven by a surge in the major iron ore miners amid soaring commodity prices. “The ASX/S&P 200 is set to surpass 7,200, likely hitting 7,500 in coming weeks, and could even go to 8,000, as iron ore hits record hi...