Fonterra outlook trumps poor earnings, fund chair Shewan says

Wed, 12 Sep 2018

By Rebecca Howard Sept. 12 (BusinessDesk) - Fonterra Cooperative Group needs to show a strong outlook for investors to regain confidence in the world's biggest dairy exporter, who will be disappointed with its weak earnings, says John Shewan, who chairs the Fonterra Shareholders' Fund's manager. The fund gives outside investors exposure to Fonterra's earnings but fell out of favour as the milk processor dumped its final dividend and warned profit could miss guidance for 25-30 cents per share. Fonterra blamed the downgrade on its settl...

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