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.
The Hound has been a long-and-strong critic of Fonterra’s shareholder council.
So this old mutt was pleased to hear the council finally baring its teeth in its recent annual report on the performance – or more correctly non-performance – of Fonterra during the past year. Council chair Duncan Coull was brutally frank in his assessment of the mothership, telling farmers that Fonterra’s effort over the last 12 months has been “not good enough and fundamental change is required in thinking and practice to reverse the performance of the business”. Meanwhile, your old mate reckons another former shareholder council chairman – current Fonterra big-cheese John Monaghan – would not have enjoyed his former organisation finally growing a pair and giving the co-op a proper serve for once.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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