Business

Fonterra: smaller, more focused, more profitable, says FCNZ

Fonterra has a rare opportunity to shed assets that aren't performing, write down others to attract investment partners, and become a company more focused on value than volume, says First NZ Capital.

Head of institutional research Arie Dekker says the new senior management, by dropping capital expenditure intentions in the year ahead to $650 million from $1.005 billion, have already

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