COMMENT: Southcorp victim of financial climate

By Tony Baker | 22 April 2002

In the Australian wine world's biggest and costliest furore in recent memory the Southcorp group has ousted the man at the centre of its $A400m ($US195m) share rout. Cunningham last week sent 12 analysts emails in which he said they might want to review their forecasts for the 2003 financial year because of the effects of "a poor 2000 vintage."

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In the Australian wine world's biggest and costliest furore in recent memory the Southcorp group has ousted the man at the centre of its $A400m ($US195m) share rout. Cunningham last week sent 12 analysts emails in which he said they might want to review their forecasts for the 2003 financial year because of the effects of "a poor 2000 vintage."

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