Miles Hurrell

David Hargreaves says the turnaround of co-operative Fonterra at a time of high dairy prices provides a timely boost for our flagging economy

David Hargreaves says the turnaround of co-operative Fonterra at a time of high dairy prices provides a timely boost for our flagging economy

Dairy giant Fonterra is paying its shareholder farmers a 22c interim dividend, up from 15c last year and narrowed its forecast milk price range - although the 'midpoint' for this is still a record $10.00

Dairy giant Fonterra is paying its shareholder farmers a 22c interim dividend, up from 15c last year and narrowed its forecast milk price range - although the 'midpoint' for this is still a record $10.00

Dairy co-operative Fonterra says it will now achieve earnings of between 55c and 75c a share for the year, up from a previous forecast of 40c-60c; roadshow details released for sale of 'Mainland Group'

Dairy co-operative Fonterra says it will now achieve earnings of between 55c and 75c a share for the year, up from a previous forecast of 40c-60c; roadshow details released for sale of 'Mainland Group'

Analysts say the fact Fonterra's looking at a profit toward the top end of its guidance despite a record milk price to be paid 'shows strong strategic execution' within the co-operative

Analysts say the fact Fonterra's looking at a profit toward the top end of its guidance despite a record milk price to be paid 'shows strong strategic execution' within the co-operative

Fonterra says if it decides to list its consumer brands on the share market, the spun-off company will be called Mainland Group

Fonterra says if it decides to list its consumer brands on the share market, the spun-off company will be called Mainland Group

Fonterra raises what was already a record milk price forecast by another 50c and says it's on track to make forecast earnings guidance this year

Fonterra raises what was already a record milk price forecast by another 50c and says it's on track to make forecast earnings guidance this year

Fonterra's now forecasting a potential record $9.50 farmgate milk price and says it will go ahead with plans to sell its consumer businesses including household name brands such as Anchor and Mainland

Fonterra's now forecasting a potential record $9.50 farmgate milk price and says it will go ahead with plans to sell its consumer businesses including household name brands such as Anchor and Mainland

Corporate advisers Northington Partners say Fonterra shareholders could reap as much as $2 per share in cash from a successful asset sell-off

Corporate advisers Northington Partners say Fonterra shareholders could reap as much as $2 per share in cash from a successful asset sell-off

Fonterra says by streamlining its operations and focusing on its ingredients and food services business it can grow greater value for farmer shareholders and unit holders

Fonterra says by streamlining its operations and focusing on its ingredients and food services business it can grow greater value for farmer shareholders and unit holders

Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year

Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year

Fonterra increases 2024/25 forecast farmgate milk price midpoint by 50 cents to $8.50 per kgMS

Fonterra increases 2024/25 forecast farmgate milk price midpoint by 50 cents to $8.50 per kgMS

Fonterra's picking a slightly higher milk price for the coming season, while increasing its earnings forecast for the current financial year; says 'high volume of interest' in potential sale of consumer brands

Fonterra's picking a slightly higher milk price for the coming season, while increasing its earnings forecast for the current financial year; says 'high volume of interest' in potential sale of consumer brands

David Hargreaves fully understands why Fonterra's looking to take the money and exit the consumer business. But such a sale is going to leave a very empty feeling

David Hargreaves fully understands why Fonterra's looking to take the money and exit the consumer business. But such a sale is going to leave a very empty feeling

Forsyth Barr analysts think Fonterra's consumer business might fetch about $3 billion with the potential for 'material capital returns' to shareholders

Forsyth Barr analysts think Fonterra's consumer business might fetch about $3 billion with the potential for 'material capital returns' to shareholders

In a surprising announcement, dairy giant Fonterra plans to divest its consumer business, along with operations in Australia and Sri Lanka

In a surprising announcement, dairy giant Fonterra plans to divest its consumer business, along with operations in Australia and Sri Lanka