Monday, July 23, 2018

Nufarm shares dive as drought saps demand for agricultural products; ACCC fines One Big Switch over misleading conduct

Shares in the agricultural products company Nufarm have fallen as much as ten percent after telling investors the drought on Australia's east coast would hurt profits. 

Nurfarm told the Australian Stock Exchange said the market had reached a turning point and it was "now unlikely a viable crop season would occur in many parts of the country." 

In other news, ABC's Peter Ryan says the competition regulator has fined One Big Switch $25,200 for misleading claims over a campaign for consumers to switch to Click Energy.

Here's my report from The World Today

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