
Market Close: Synlait Milk’s shares slump as debt widens
The New Zealand sharemarket had a down day following the Easter break.
The New Zealand sharemarket had a down day following the Easter break.
Synlait Milk's plan to cut debt may involve the sale of its Pōkeno plant.
Five key elements are outlined for Synlait to have a clear plan to slash debt.
Investors in company will have to wait until Tuesday for an update on its debt.
Synlait is required to make a prepayment of at least $130m by no later than March 31.
Smaller executive leadership team to increase alignment, reduce costs, accelerate growth.
Cash-strapped Synlait Milk had delayed the release of its first-half result.
Will the market's optimism for A2 Milk prove well-founded at its interim result?
Higher financing costs are driving Synlait Milk to a big first half loss.
Resignation comes during a challenging time for the milk nutrition company.
Cash-strapped Synlait Milk has DairyWorks up for sale.
The company had forecast a result ranging from a net loss of $5m to a net profit of $5m.
More light will be shed on the state of play with cash-strapped Synlait Milk on Monday.
A2 Milk wants to cancel Synlait’s exclusive milk formula production and supply deal.
Milk company says supplier has fallen below delivery standards.
The newcomer already plans a second Waikato plant: is the South Island also on the radar?
The difference between Chinese label and English label baby formula.
Council's compromise might have just delivered Aucklanders the worst of two worlds.
The company's share price has come under downward pressure this year.
Nasdaq and Dow Jones down as debt debate starts, but chipmaker upbeat.
Banks are broadly supportive but balance sheet strength is key as recession looms.
Synlait shares have gone into a trading halt pending a revision of earnings guidance.
Jarden Brief: Musk's bizarre shiba inu ploy, Italy bans ChatGPT
Implosion of Credit Suisse scared many, but new owner UBS has welcomed back former chief.
Biggest customer's reduced demand has impact on Synlait Milk's profits.
Dairy company Synlait Milk is on the road to recovery after Covid took its toll.
There will be more innovative social and green finance opportunities for investors.
Dairy manufacturer's earnings jump up but external factors could impact full-year result.
Synlait expects to return to robust profitability soon after reporting a $28.5m loss.