Fonterra raises annual earnings forecast as it boosts margins, cuts costs
By Tina Morrison Nov. 16 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, raised its annual earnings forecast as it cuts costs and boosts margins even as milk volumes decline. The Auckland-based cooperative raised its forecast earnings per sh...
NZ dollar edges lower, may decline further as investors shun risk
By Tina Morrison Nov. 16 (BusinessDesk) - The New Zealand dollar edged lower and may decline further as investors eschew riskier assets following the terrorist attacks in Paris at the weekend. The kiwi slipped to 65.21 US cents at 8am in Wellington, from 65.44 cents at the...
BNZ cuts forecast for Fonterra 2015/16 payout, citing weak international dairy prices
By Tina Morrison Nov. 13 (BusinessDesk) - Bank of New Zealand cut its forecast for Fonterra Cooperative Group's payout to farmers this season amid continued weakness in international dairy prices. BNZ reduced its forecast for the 2015/16 season to $4.50 per kilogram of milk...
ProTen chicken farmer gets go-ahead for A$60M New South Wales expansion
By Tina Morrison Nov. 13 (BusinessDesk) - ProTen, an Australian chicken farming business whose shares trade on New Zealand's Unlisted market, gained planning approval this week enabling it to expand operations in the Australian state of New South Wales. The NSW State Depart...
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