Jarden tells Fonterra: keep dumping non-core assets

Mon, 09 Dec 2019

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...

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