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 Shareholders Council chairman Duncan Coull says today’s arbitration decision on the claims made by Danone has made this a tough day for the co-op.
Coul says it is farmer owners who will ultimately bear the cost, a fact he says is not lost on the Fonterra business.
He says Fonterra has made significant strides since the 2013 incident in terms of strengthening its operational processes, culture, and governance – as per the independent review process recommendations – and embedding them into our co-op’s functions and framework.
“Council is confident this has been done to a high standard and that our co-op is well placed in its journey to become the world’s most trusted source of dairy nutrition.”
The council was also confident the co-op acted with integrity when it issued the precautionary recall.
“Do What’s Right is one of our four values and in continuing to put safety ahead of all else we will build on the trust people throughout the world have in us.
“As tough as this outcome is, the lessons learned have enabled our co-op to emerge stronger and we now need to move forward together - proud of who we are, what we have achieved, and of our commitment to our values.”
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
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.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
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.
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