Shares tumble as Synlait pulls guidance
New Zealand shares took a dive as milk processor Synlait pulled its earnings guidance and interest rates moved higher.
The S&P/NZX 50 Index fell 134.76 points, or 1.1 percent, to 12,224.5. Within the index, 29 stocks fell, 15 rose and six were unchanged. Turnover was $178 million.
Synlait had already forecast its annual net profit would be approximately half the 2020 financial year result, today it said it will not even hit that target.
Ongoing uncertainty from the company’s cornerstone shareholder and ...MORE»
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Strategi offers ‘Covid assistance pack’ to advisers
A support package has been made available – by industry compliance centre Strategi Group – to advisers whose preparation for regulation change has been impacted by Covid.
As New Zealand deals with another alert level shift, financial advisers are likely feeling additional stress. Approaching regulatory changes and providing additional support to clients during the pandemic adds to the pressure.
Trying to mitigate stress levels for the industry, compliance group Strategi has released a “Covid assistance pack”. Its aim being to help those in financial services ...MORE»
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