Latest news with #A2MilkCompany
Yahoo
3 days ago
- Business
- Yahoo
ASX has best month since January
Australia's sharemarket rose for the second consecutive month in May, as traders dial up the chances of a rate cut in July following weaker than expected retail sales. The benchmark ASX 200 index gained 24.90 points or 0.30 per cent on the final day of trading for May. Australia's major index has closed up 3.8 per cent in May which is the best monthly gain since January. Meanwhile the broader All Ordinaries also finished higher up 22.50 points or 0.26 per cent to finish the month at 8,660.30. The Australian dollar slipped 0.28 per cent during Friday's trading and is now buying 64.26 US cents. On an overall positive day for the market, seven of the 11 sectors finished in the green, led by consumer staples, utilities and financials. The bounce in consumer staples was led by Treasury Wine Estates up 4.07 per cent to $8.44, while the A2Milk Company rose 3.35 per cent to $8.33. The two major supermarkets also finished in the green, with Woolworths gaining 0.70 per cent to $31.85 while Coles eked out a gain of 0.28 per cent to $21.60. All four of the major banks also finished higher during Friday's trading. Westpac led the charge gaining 2.68 per cent to $32.56, NAB gained 1.33 per cent to $38.00, CBA jumped 0.87 per cent to $175.95 and ANZ finished higher up 0.41 per cent to $29.04. The gains come despite other Asian markets slumping on the back of the White House winning an administrative stay on the blockage of most of its tariffs by the US Court of International Trade. senior financial market analyst Kyle Rodda said the US market gave back its gains after the tariff news was announced. 'The caution reflects the fact that although market sentiment has been supported by the prospect of the judiciary halting arguably Presidential overreach with tariffs and trade policy, the decision marks the beginning of a new source of uncertainty rather than the total closure of another,' he said. Australia's sharemarket however was lifted on the back of weaker than expected retail sales. While this is bad for some businesses, the money markets factored in a greater chance of a rate cut in July following the announcement that retail sales fell 0.1 per cent over the month of April compared with expectations of a 0.3 per cent rise. AMP chief economist Shane Oliver said the results were surprising given Queensland was coming off a low base due to ex-Cyclone Alfred as well as most Aussies benefiting from a double Easter/Anzac Day long weekends. 'Tax and rate cuts will help but the consumer is still clearly struggling with real retail sales per person trending down so far this year after a mild rise into late last year,' he wrote in an economic note. 'The cost of living remains a problem – falling inflation is not the same thing as falling prices.' In company news, Ramsay Health Care jumped 5.89 per cent to $38.30 on the back of reports in the Newcastle Herald claiming the Australian hospital operator won approval of its new building applications in NSW. Shares in fintech Findi slumped 8.91 per cent $4.60 despite reporting a 54 per cent gain in underlying profits to $6m. Sign in to access your portfolio
West Australian
3 days ago
- Business
- West Australian
Weak retail sales boost rate cut hopes as ASX climbs on Friday
Australia's sharemarket rose for the second consecutive month in May, as traders dial up the chances of a rate cut in July following weaker than expected retail sales. The benchmark ASX 200 index gained 24.90 points or 0.30 per cent on the final day of trading for May. Australia's major index has closed up 3.8 per cent in May which is the best monthly gain since January. Meanwhile the broader All Ordinaries also finished higher up 22.50 points or 0.26 per cent to finish the month at 8,660.30. The Australian dollar slipped 0.28 per cent during Friday's trading and is now buying 64.26 US cents. On an overall positive day for the market, seven of the 11 sectors finished in the green, led by consumer staples, utilities and financials. The bounce in consumer staples was led by Treasury Wine Estates up 4.07 per cent to $8.44, while the A2Milk Company rose 3.35 per cent to $8.33. The two major supermarkets also finished in the green, with Woolworths gaining 0.70 per cent to $31.85 while Coles eked out a gain of 0.28 per cent to $21.60. All four of the major banks also finished higher during Friday's trading. Westpac led the charge gaining 2.68 per cent to $32.56, NAB gained 1.33 per cent to $38.00, CBA jumped 0.87 per cent to $175.95 and ANZ finished higher up 0.41 per cent to $29.04. The gains come despite other Asian markets slumping on the back of the White House winning an administrative stay on the blockage of most of its tariffs by the US Court of International Trade. senior financial market analyst Kyle Rodda said the US market gave back its gains after the tariff news was announced. 'The caution reflects the fact that although market sentiment has been supported by the prospect of the judiciary halting arguably Presidential overreach with tariffs and trade policy, the decision marks the beginning of a new source of uncertainty rather than the total closure of another,' he said. Australia's sharemarket however was lifted on the back of weaker than expected retail sales. While this is bad for some businesses, the money markets factored in a greater chance of a rate cut in July following the announcement that retail sales fell 0.1 per cent over the month of April compared with expectations of a 0.3 per cent rise. AMP chief economist Shane Oliver said the results were surprising given Queensland was coming off a low base due to ex-Cyclone Alfred as well as most Aussies benefiting from a double Easter/Anzac Day long weekends. 'Tax and rate cuts will help but the consumer is still clearly struggling with real retail sales per person trending down so far this year after a mild rise into late last year,' he wrote in an economic note. 'The cost of living remains a problem – falling inflation is not the same thing as falling prices.' In company news, Ramsay Health Care jumped 5.89 per cent to $38.30 on the back of reports in the Newcastle Herald claiming the Australian hospital operator won approval of its new building applications in NSW. Shares in fintech Findi slumped 8.91 per cent $4.60 despite reporting a 54 per cent gain in underlying profits to $6m.
NZ Herald
14-05-2025
- Science
- NZ Herald
Canterbury dairy farm wins grant for injecting beneficial bacteria and fungi in soil
'We've got 40 hectares of paddocks that we'll be taking out and putting in a new pasture, and that will be dairy mix from RespondBio,' Williams said. 'As they are drilling that seed, they're also injecting direct pressure injection of living fungi and bacteria into the soil at the same time, along with the seed. 'They've had some really promising results from the North Island, but nothing in the South Island, so we're really keen to get an understanding of how that works on the Canterbury soils.' Once the new planting was carried out around October, coming into spring, the one-year trial would use multi-species diverse paddocks as a control, comparing results with the paddocks injected with bacteria and fungi. The method was considered a way to improve soil health, enhance plant growth and reduce the environmental impact but using the power of microorganisms to decompose organic matter. Now into the third season without synthetic nitrogen fertiliser, Williams said the farm had better than average pasture yields for Canterbury thanks to careful soil and herbage management with lots of testing along the way. He said testing throughout the year-long trial will be key to gathering evidence about its long-term benefits. 'Through that year, after every grading round, we'll do a pasture cut, we'll do a herbage test, a plant sap test and then look at the dry matter yields and obviously plate metering as well. 'So we'll start to get a really good feel, and then by the end of the year, we can figure out how much each paddock is giving us and the quality of the feed, and then starting to look at other things as well, like production and how the cows are doing off of it as well.' Williams said the new trial will add to other research projects carried out at the farm with support from Synlait and AgResearch into pasture species and reducing fertiliser use. 'The soil health, it's ultimately the foundation, the backbone of everything that we do,' Williams said. A2 Milk Company chief sustainability officer Jaron McVicar said it was encouraging to see such a diverse range of applications, and the impact the fund was having on-farm. 'We've had farmers awarded funding over multiple rounds, building on their projects year-on-year, as well as farmers applying for the first time,' he said. 'It's great that we can support positive environmental outcomes on-farm for those who are early in their sustainability journey and those who already have long-term plans in place to improve their farming practices.' Twelve farms supplying A2 Milk were supported in New Zealand by the Fund and seven in Australia, equating to $575,000 in total for this year. Other projects included replacing diesel farm machinery with electric run by solar and building sheds to protect cattle.
Otago Daily Times
14-05-2025
- General
- Otago Daily Times
Canterbury dairy farm wins grant for injecting beneficial bacteria and fungi in soil
A Selwyn District farm is defying convention. The 435-hectare Dewhirst Land with 1700 cows uses no synthetic nitrogen fertiliser, mostly diverse pasture species and now it is set to test the use of beneficial bacteria and fungi in the soil. The farm's bid to improve soil health was one of 12 projects in Southland and Canterbury to win up to $35,000 each from A2 Milk Company's Sustainability Fund for 2025. Managing director Isaac Williams said the grant would subsidise about a third of a $90,000 trial which was all about improving soil health. "We've got 40 hectares of paddocks that we'll be taking out and putting in a new pasture and that will be dairy mix from RespondBio," Williams said. "As they are drilling that seed they're also injecting direct pressure injection of living fungi and bacteria into the soil at the same time along with the seed. "They've had some really promising results from the North Island, but nothing in the South Island, so we're really keen to get an understanding of how that works on the Canterbury soils." Once the new planting was carried out around October, coming into spring, the one-year trial would use multi-species diverse paddocks as a control, comparing results with the paddocks injected with bacteria and fungi. The method was considered a way to improve soil health, enhance plant growth and reduce the environmental impact, but using the power of microorganisms to decompose organic matter. Now into the third season without synthetic nitrogen fertiliser, Williams said the farm had better than average pasture yields for Canterbury thanks to careful soil and herbage management with lots of testing along the way. He said testing throughout the year-long trial will be key to gathering evidence about its long-term benefits. "Through that year, after every grading round, we'll do a pasture cut, we'll do a herbage test, a plant sap test and then look at the dry matter yields and obviously plate metering as well. "So we'll start to get a really good feel, and then by the end of the year, we can figure out how much each paddock is giving us and the quality of the feed, and then starting to look at other things as well, like production and how the cows are doing off of it as well." Williams said the new trial will add to other research projects carried out at the farm with support from Synlait and AgResearch into pasture species and reducing fertiliser use. "The soil health, it's ultimately the foundation, the backbone of everything that we do," Williams said. A2 Milk Company chief sustainability officer Jaron McVicar said it was encouraging to see such a diverse range of applications, and the impact the fund was having on-farm. "We've had farmers awarded funding over multiple rounds, building on their projects year-on-year, as well as farmers applying for the first time," he said. "It's great that we can support positive environmental outcomes on-farm for those who are early in their sustainability journey and those who already have long-term plans in place to improve their farming practices." There were 12 farms supplying A2 Milk that were supported in New Zealand by the Fund and seven in Australia, equating to $575,000 in total for this year. Other projects included replacing diesel farm machinery with electric run by solar and building sheds to protect cattle.
Yahoo
20-02-2025
- Business
- Yahoo
A2 Milk Company upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded A2 Milk Company (ACOPF) to Outperform from Neutral with a price target of A$7.85, up from A$5.70. The market is 'still tough,' but early-stage performance is 'encouraging' as A2 saw revenue growth accelerate and revenue beat expectations despite constraints, the analyst tells investors. See what stocks are receiving strong buy ratings from top-rated analysts. Filter, analyze, and streamline your search for investment opportunities with TipRanks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ACOPF: a2 Milk Company Reports Strong Interim Earnings Growth a2 Milk Company Announces Inaugural Dividend a2 Milk Company Releases Interim Financial Results for 2024 A2 Milk Company Reports Robust Growth in 1H25 Driven by Asian and US Markets a2 Milk Company Reports Strong 1H25 Results and Declares First Dividend Sign in to access your portfolio
