Primary Industries

Fonterra Fund rating ‘neutral’

 First New Zealand Capital lifted its rating on the Fonterra Shareholders' Fund to 'neutral' from 'underperform' and said the first signs of a change in approach look encouraging.

Fonterra's full-year loss was disappointing but "with the recent changes in board chair (with annual election of three directors coming up) and CEO (interim) it was encouraging to see F

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