Displaying items by tag: Fonterra

Fonterra has taken a $126 million hit over the sale of its stake in Venezuelan consumer joint venture, Corporacion Inlaca.

Fonterra is pulling out of a European joint venture as part of its portfolio review following last year’s disastrous financial results.

Fonterra says it has returned to profitability with a net profit of $80m for the first half of the 2019 financial year.

OPINION: Fonterra chief executive Miles Hurrell’s open and accessible approach has brought a refreshing change at the co-op. 

Fitch has revised its rating outlook for Fonterra to negative from stable but reaffirmed the long term default rating as ‘A’.

Miles Hurrell's confirmation as Fonterra’s chief executive has been warmly received on social media.

Fonterra chief executive Miles Hurrell is asking shareholders for time to turn the business around.

The a2 Milk Company and Fonterra are working closely through “the next wave of commercial opportunities together”. 

Fonterra says it has taken “a minority stake” in a US company promoting alternative protein.

Fonterra has confirmed the appointment of Miles Hurrell as its chief executive officer with immediate effect.