
Market close: Heavy end to week as big stocks drag sharemarket 1% lower
The NZ sharemarket reversed most gains made on Thursday after mixed company results.
Stories and analysis from The Northern Express Herald.
The forecast milk price range has tightened to $9.20 to $9.80 per kg.
The $2.00 a share payout, totalling about $3.2b, is expected to be tax-free.
This year's Rakaia salmon contest will run without anyone catching fish.
ANZ has upgraded its milk price forecast to $9.50 for 2025/26.
Fonterra plans to match its 2025 earnings by 2028 without its consumer brands.
Skellerup kicks off a packed February earnings calendar across key sectors.
The deals included $US700m being invested in the financial services business FNZ Group.
North Asia bought 42% of today's volumes, with European demand also climbing.
'We have offices in all these countries so it's better to own them': Nick Mowbray.
Fonterra says rising global demand is driving new organic opportunities for farmers.
New Zealand December milksolids collections climbed 3.1%, near record highs.
On today: Chris Brandolino, Shane Jones, Geoff Crawford, Andrew Murray, and Jen Corkran.
Awards from ASB and Fonterra help farmers take the next step towards farm ownership.
MD of co-operative affairs says the sale of Mainland will deliver value back to farmers.
Middle East buyers nearly doubled their share of GDT volumes to 21%.
OPINION: The deal will cut or scrap tariffs on 95% of New Zealand exports to India.
The Government has agreed an FTA with India, although there are limited dairy concessions.
Fonterra’s revenue rose 5.6% to $24.1b, extending its long-held top ranking.
OPINION: From survive to thrive: Small money moves to make 2026 work for you.
The NZ sharemarket was down again after the Nasdaq dived 1.8%.
CEO Miles Hurrell blames strong global milk supply and a rising New Zealand dollar.
Global milk output from the US, Europe, Argentina and China is keeping prices weak.
Whole milk powder, key to Fonterra payouts, slumped 5.7% in the latest sale.
Riley Kenney from BusinessDesk joins Nadine Higgins on Herald now to discuss an almost unheard of course of events at Fonterra's annual meeting.
Dairy prices are under downward pressure from strong supply globally.
Sophie Moloney’s five-year turnaround has lifted Sky’s share price to around $3.50.
Rocket Lab’s order book has topped US$500m as global demand surges for launches.
McBride first became Fonterra chairman in 2020, guiding major structural reform.
Fisher and Paykel’s $22b valuation makes it NZX’s largest listed company.