
‘Tough day’: 120 jobs on the line as Fonterra plans closure of Canpac site
Fonterra plans to close the Hamilton canning and packaging facility in July.
Fonterra plans to close the Hamilton canning and packaging facility in July.
Fonterra says plans to divest its global consumer businesses are unchanged.
Fonterra has noticed the high-protein, low-calorie dairy food's popularity is on the up.
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Fonterra's Mainland sale process continues despite a turbulent sharemarket.
All 1397 public submissions are out: 91% or 1277 opposed, 108 supporting, 12 are neutral.
They manage a 262ha, 1090-cow farm as equity partners and contract milkers.
Blue-chip stocks like Fisher and Paykel Healthcare rebounded by 10c to $33.55.
Frances Beeston, Jo Sheridan and Lara Sutton are all in the running this year.
Fonterra's balance sheet will offset the impact of its planned sale Mainland, S&P says.
Big firm is eyeing corporate carve-outs, sovereign wealth and family offices.
Farmers look set to receive a high milk price and dividend from Fonterra this year.
Miles Hurrell, Sandra Matthews, Peter Newbold, Chris Russell, and Jeremy Rookes.
Fonterra raises first half profit, dividend, keeps $10/kg milk price forecast
A back-to-back $10/kg milk price would put money in farmers' back pockets.
Australia’s Bega Group is a potential buyer due to existing Fonterra ties.
The dairy co-op is preparing to divest its consumer business.
Expectations of a $10/kg-plus milk price remain in place despite weak dairy auction.
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It has a 40c to 60c per share guidance range.
NZ stocks ended slightly down with Fletcher Building outperforming after the OCR cut.
Fonterra has chosen a corporate brand for the entity if IPO goes ahead.
Fonterra estimates more than 5000 farms will be eligible for a bonus next season.
OPINION: Our dairy owners and the country stand to be poorer for Fonterra's decision.
Westpac said global dairy prices have generally held their ground.
Fonterra's prices might be going up to $10 a kilo at the farm gate.
The conversions are at Edgecumbe and Fonterra’s Whareroa site in Taranaki.