Fonterra to change listings in cost-saving move

Fonterra to change listings in cost-saving move
About 4% of Fonterra Shareholders' Fund shares on held on the ASX. (Image: NZME)
Staff reporters
Fonterra has announced changes to the listing of its Fonterra Co-operative Group (FCG) and Fonterra Shareholders' Fund (FSF) in New Zealand and Australia.FCG shares will move to the NZ Exchange (NZX) main board. Since 2012, they have been traded in a dedicated private market operated by the NZX. "Fonterra is looking to do this because it saves the co-op money going forward, as the NZX will no longer need to operate a separate market just for Fonterra’s restricted farmer Co-op shares," the company said in an announcement...

More Markets

Analysts upbeat about Xero's upcoming 1H report
Markets

Analysts upbeat about Xero's upcoming 1H report

1H net profit is seen around $104m versus $52.5m in the prior period. 

Crimson big enough for ASX IPO: Beaton
Finance

Crimson big enough for ASX IPO: Beaton

A US market listing at a greater scale looks more likely.

Calm before the storm: NZ sharemarket up 0.5%
Finance Market close

Calm before the storm: NZ sharemarket up 0.5%

'Markets are distracted', said ForBarr's Peter Sigley.

Gregor Thompson 05 Nov 2024
KPMG to lay off 4% of its US audit workforce
Finance

KPMG to lay off 4% of its US audit workforce

About 330 people in the US audit business to lose their jobs.