Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird Ventures, and its products are no longer available in supermarkets.
The news has gone from bad to worse for a2 Milk - the company Synlait had hitched its wagon to.
Once the darling of the stock exchange, the milk processor a2 Milk has been struggling since Covid-19 decimated its infant formula business in China.
Now Australian law firm Slater & Gordon says it has filed a claim against a2 Milk in the Supreme Court of Victoria. The claim is in relation to its disclosure over a nine-month period when it announced four earnings downgrades.
The claim is being brought on behalf of shareholders who allegedly suffered losses after acquiring a2 Milk shares on the ASX and NZX between August 19, 2020 and May 9 2021.
a2 Milk said it had been notified of the legal action and will vigorously defend the proceeding.
The world’s largest wool processing facility, badly damaged by Cyclone Gabrielle over one year ago, has re-opened following a $50 million rebuild and refurbishment project.
A new report has revealed the full impact of Cyclone Gabrielle on Hawke’s Bay’s principals and teachers.
The Commerce Commission says connectivity options for rural New Zealanders are front-of-mind as it begins a formal investigation into the future of the copper network.
Grand Finalists have been selected, all regional finals have concluded, and the journey towards the FMG Young Farmer of the Year Grand Final is underway.
New Zealand-grown citrus fruit is now hitting supermarket shelves and Citrus NZ says it promises to be one of the best quality and tastiest seasons the country had in years.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.