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‘Another strong result’ at Fonterra fuels optimism
Ahead of its final quarter of the financial year, CEO Richard Allen said he expects momentum to continue.
Fonterra names MyMilk founder Richard Allen as new CEO
Miles Hurrell will stay with the company as an advisor until September.
After 25 years with Fonterra, CEO Miles Hurrell to step down
His tenure focused on a strategy that prioritised New Zealand-sourced milk over previous international expansions.
Fonterra says Mainland sale is unconditional, settlement imminent
The company expects the transaction to close at the end of this month.
Fonterra reports profit uplift in Q1 as Mainland divestment progresses
Management said the results reflected a solid start to the fiscal year.
Fonterra farmer shareholders back consumer division sale
Fonterra needed only more than 50 per cent of the votes to approve the sale; it received 88.47 per cent.
Fonterra to expand Clandeboye production with $75m investment
The funds will fund the construction of a new butter line, boosting the site’s capacity by up to 50,000 tonnes per year....
Fonterra’s revenue and operating profit soar amid Mainland Group divestment
Revenue soared 15 per cent to $22.93 billion, with its operating profit growing 13 per cent to $1.5 billion.
Fonterra, Bega make peace in wake of Lactalis deal
The divestment of Fonterra's consumer business now includes the Bega licenses in Australia, raising the transition price...
Fonterra sells consumer business to Lactalis for $3.5b
The sale includes Fonterra’s global consumer business (excluding Greater China) and consumer brands such as Mainland and...
Lactalis appears to be frontrunner for Fonterra business
The French dairy company has been granted exclusivity to negotiate for a buyout.
FrieslandCampina enters the race for Fonterra consumer business
Other bidders include French dairy giant Lactalis and Japanese food company Meiji Holdings.
Lactalis receives green light to acquire Fonterra’s consumer business
The ACCC concluded that the deal is unlikely to result in a substantial lessening of competition.
Bega seeks clearance to buy Fonterra assets
Bega says the combined assets would enhanced outcomes for Australian farmers, customers and consumers.
Fonterra invests $65 million to replace coal with renewable energy
Fonterra COO Anna Palairet said securing a reliable energy supply is critical to the resilience of the company's operati...
Fonterra to close milk powder packaging facility in New Zealand
COO Anna Palairet said the move follows ongoing economic challenges, including low product volumes and increased product...
Fonterra’s half-year revenue up 14 per cent
Net profit from continuing operations grew 1 per cent to NZ$721 million.
Fonterra appoints new ingredients, foodservice business leaders
CEO for greater China Teh-han Chow will take on the additional role of global foodservice president.
Fonterra raises full-year earnings guidance
The dairy co-operative now estimates earnings to range from 55 cents to 75 cents per share.
Fonterra forecasts full-year earnings guidance to be in upper range
It also expects farmgate milk price to be at the midpoint of $10 per kgMS.
