Synlait lifts profit, brings forward expansion

Synlait lifts profit, brings forward expansion

Independent Mid Canterbury dairy company Synlait increased lifted its profit 70% to almost $20 million for the full year, meeting its downgraded profit forecast made in May.

Fonterra remains fourth top in dairy

Fonterra has retained its fourth placing in Rabobank's latest survey of the world's top 20 dairy companies.

Fonterra hit with $150k botulism fine

Fonterra hit with $150k botulism fine

The New Zealand Markets Disciplinary Tribunal has fined Fonterra $150,000 for breaching continuous disclosure requirements to the NZX during the dairy manufacturer and exporter's botulism false alarm last August.

Guaranteed milk price scheme open

Applications are open for Fonterra farmers to lock in a price for a percentage of their milk for the 2014-15 season.

Much interest in Fonterra's interim result

Much interest in Fonterra's interim result

Fonterra's forthcoming first-half financial result will come under close scrutiny this week from analysts and farmers alike, including expectation of a revision in financial guidance.

Charges laid against Fonterra over botulism scare

Fonterra said it had accepted charges laid against it by the Ministry for Primary Industries (MPI) over events that led to last year's precautionary market recall of whey protein concentrate.

Fonterra milk price forecast a record

Fonterra has hiked its forecast farm-gate milk price to a record $8.65 per kg of milk solids, with the 35c increase equating to an increase in dairy incomes of about $600 million.

View cheese, casein rise may be waning

The recent steep pick-up in Fonterra's cheese and casein stream prices may be running out of steam, ASB rural economist Nathan Penny says.

Alliance boss stands by comment

Alliance Group chairman Murray Taggart is standing by his comment that Fonterra director John Monaghan has withdrawn from the director appointment process - despite Mr Monaghan maintaining he has not.

Monaghan's Alliance bid ends

Fonterra director John Monaghan has decided to pull out of a process to appoint an independent director to the board of Alliance Group, chairman Murray Taggart says.

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