Fonterra Cooperative Group won’t be changing its ownership structure, but is keen on bringing on partners to fund future projects, says director Scott St John. Paul McBeth reports.
Fonterra Cooperative Group chief executive Theo Spierings is leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash.
Fonterra Cooperative Group's new chair John Monaghan says the dairy giant's biggest challenge is to change the law which forces it to accept milk from any farmer and sell it to rivals at a subsidised price, according to a report in Dairy News.
A temporary share trading halt by Fonterra has been followed by an announcement that farmers will be unlikely to get a final dividend payout. Reality is finally biting for the company thanks to fundamental flaws in culture and strategy, says Rod Oram.
Fonterra Shareholders' Fund units, which gives outside investors exposure to Fonterra Cooperative Group, fell to a three-year low after the latest dividend downgrade added to scepticism about the efficacy of the cooperative's structure.
Fonterra Cooperative Group doesn't expect to pay a final dividend this year in an effort to bolster its balance sheet after paying Danone over the 2013 botulism scare and writing down its Beingmate Baby & Child Food investment.
Fonterra Cooperative Group's 2018 earnings may differ from its previous guidance, the country's dominant dairy company said today. Its securities trading on the NZX and ASX have been halted while it crunches the numbers, with an update expected tomorrow.
John Wilson’s resignation as chairman of Fonterra is a first step towards New Zealand’s largest business and exporter finally achieving its full potential, Rod Oram writes.
The investigation into a Northland contract milker caught on camera hitting cows with a steel pipe is ongoing over a month after authorities were given footage of the abuse. Farah Hancock reports.
Craigs Investment Partners, one of New Zealand's largest investment advisory firms, has dropped the Fonterra Shareholders' Fund from its New Zealand equities portfolio, saying its performance has been "lacklustre at best". BusinessDesk's TinaMorrison reports.