Fonterra says nothing new behind share price slump

Fonterra says nothing new behind share price slump
Rebecca Howard
By Rebecca Howard July 5 (BusinessDesk) - Fonterra Cooperative Group chief financial officer Marc Rivers says there was nothing new behind yesterday's slump in both its farmer-owned shares the Shareholders' Fund units. “While the share price does not impact the co-op’s balance sheet or our ability to operate and pay our bills, it does impact our farmers’ balance sheets,” he said in a statement to the NZX. The farmer-owned shares yesterday dropped 6.4 percent to a record low $3.51 on a volume of 529,000, compared to their 90-day average...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024