Jarden tells Fonterra: keep dumping non-core assets

Jarden tells Fonterra: keep dumping non-core assets
Pattrick Smellie
Fonterra needs to keep dumping assets, irrespective of performance, if they don't add to the cooperative's core business, Jarden said.While the business had made a "solid start' on a new strategy to reverse recent poor performance and disastrous international investments under its new chief executive Miles Hurrell, "a path to higher sustainable earnings remains uncertain," Arie Dekker, head of Jarden's equity research team, said in a client note.Dekker's advocacy of a slimmed-down Fonterra focused on its farmer-shareholders' needs has been matc...

More Primary Sector

NZ exporters salivating at possible UAE trade deal
Primary Sector

NZ exporters salivating at possible UAE trade deal

The United Arab Emirates is already an important market for NZ dairy and meat exports.

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024