RESEND: Opportunity for Fonterra: smaller, more focused, more profitable, says FNZC

Fri, 09 Nov 2018

Resends to fix inverted letters in headline By Pattrick Smellie Nov. 9 (BusinessDesk) - Fonterra has a rare opportunity to shed assets that aren't performing, write down others to attract investment partners, and become a company more focused on value than volume, says First NZ Capital. Head of institutional research Arie Dekker says the new senior management, by dropping capital expenditure intentions in the year ahead to $650 million from $1.005 billion, have already given an important signal that they will "address one of the key h...

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