The shifting shoals of the Chinese market has caught out Bega Cheese which is forecasting flat earnings in the year ahead while warning it will be forced to make a large provision against its infant formula joint venture with Blackmores.
In response, investors have dumped its shares, which have fallen a heavy 12 per cent to $5.69 in early trading on Tuesday, the low so far. Sydney Morning Herald – Read more…
In response, investors have dumped its shares, which have fallen a heavy 12 per cent to $5.69 in early trading on Tuesday, the low so far. Sydney Morning Herald – Read more…