NZ stocks end weaker, but Fonterra rallies sharply after deal

French dairy giant Lactalis is the buyer for Fonterra consumer brands. (Image: Getty)

Fri, 22 Aug 2025

Fonterra’s shares rallied after the co-op announced that it planned to sell its consumer business to French dairy giant Lactalis, while the broader sharemarket ended weaker, driven by a decline in market leader Fisher and Paykel Healthcare.The S&P/NZX 50 Index closed 151.31 points (1.15%) down at 13,042.76, with 63.9 million shares, worth $144.3m trading.There were 90 falls and 48 rises on the main board.Global viewIn the big picture, international investors were focused on what US Federal Reserve governor Jerome Powell’s messag...

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