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Fonterra

Mothballing Under-Used Rail Lines A Bad Move - Unions

Mothballing Under-Used Rail Lines A Bad Move - Unions
Wellington, March 5 NZPA - A railway workers union is concerned that if the Government does mothball under-used rail lines it will be very hard to ever reopen them.

North Island Rail Lines Could Be Mothballed

North Island Rail Lines Could Be Mothballed
Wellington, March 5 NZPA - The Government is thinking about mothballing KiwiRail's northern Wairarapa and Napier to Gisborne rail lines as the struggling rail operator looks to cut costs.

Kiwirail Behind Targets But Still Positive

Kiwirail Behind Targets But Still Positive
Wellington, March 2 NZPA - KiwiRail is behind its revenue and profit targets for the half year to December but says it is "making good progress towards a sustainable future".

Lyttelton Port Reports Lower Profit, Fonterra Volumes Rises

Wellington, Feb 25 NZPA - Lyttelton Port of Christchurch reported a 35 percent fall in interim profit, while highlighting that it now handles more cargo from dairy giant Fonterra.

Fonterra Picks Higher Profit, But Keeps The Cash

Fonterra Picks Higher Profit, But Keeps The Cash
Wellington, Feb 24 NZPA - Fonterra says it has lifted its "distributable profit" forecast by 5c for the current 2009-2010 season to between 40c to 50c a share -- but doesn't plan to pass on the extra earnings to its 10,500 farmers.

Big New Dryer "Keeps Fonterra Efficient"

Big New Dryer "Keeps Fonterra Efficient"
Wellington, Feb 12 NZPA - Fonterra chief executive Andrew Ferrier says the world's largest milk-powder dryer -- officially opened today at the cooperative's Edendale site near Invercargill -- is keeping the nation's dairy farmers internationally competitive.

Fonterra Farmers Want Raw Milk Price Lifted

Fonterra Farmers Want Raw Milk Price Lifted
By Kent Atkinson of NZPA Wellington, Feb 11 NZPA - Fonterra farmers critical of regulations which compel them to supply 4 percent of the cooperative's raw milk to processing rivals at cost price say they want higher prices to be charged from June 1.

Fonterra Holds-Off Switching More Staff To XT Network

Fonterra Holds-Off Switching More Staff To XT Network
Wellington, Feb 11 NZPA - Dairy cooperative Fonterra has postponed the transfer of staff onto Telecom's XT network in the wake of high-profile outages in December and January.

Govt Willing To Change Law For Fonterra - Key

Govt Willing To Change Law For Fonterra - Key
Wellington Feb 9 NZPA - The Government says it is prepared to change the law to support Fonterra's continuing efforts to change its capital structure.

NZX Breaks Losing Streak As Leaders Post Gains

NZX Breaks Losing Streak As Leaders Post Gains
Wellington, Jan 26 NZPA - The New Zealand sharemarket broke a seven-day losing streak today care of solid gains by leading shares Telecom and Fletcher Building.