Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra chief executive Theo Spierings says the co-op must "stay the course" despite market uncertainty.
Speaking at the co-op's annual meeting in Waitoa today, Spierings says the recent political developments in Europe, including the shooting down of a Russian plane overnight by Turkey, is further compounding the markets.
But he says Fonterra needs to stay the course and stay focussed on strategy.
"We look at things we are doing well and do them faster; things we are not doing well, we need to improve on," he says.
"Because these are the things we can control; we can't control the other things happening around the world."
Spierings also wants Fonterra to focus on opportunities to grow the business.
He alluded to a Chinese saying that when winds of change are blowing, some build walls while others build windows.
"I am in the camp that builds windows."
Spierings says Fonterra cannot control what's happening around the world.
"We can complain and moan but we will be wasting our energy," he says.
"We have to look at things which we can control; stay on course, stay on the strategy and keep costs under control."
He says Fonterra must continue to invest for the future.
"In the last few difficult years we have invested strongly." he says.
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Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
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Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.