Fonterra (ASX:FSF) share price on watch after narrowing earnings guidance
Marc Sidarous | February 25, 2021 9:29am |
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The fund declared it would raise the bottom range of its previously forecast earnings per share – from 20–35 cents per share up to 25–35 cents per share.
Words from the CEO
Fonterra CEO Miles Hurrell stated the move would provide more clarity on its full-year earnings guidance. The fund’s interim accounts are due for release on 17 March.
“That is why we have come out today with a narrower forecast earnings range of 25-35 cents per share, which still reflects the usual uncertainties we face over the course of any given year.”
Broadcaster also affirms guidance and successfully extends bank facility.
Pay TV provider Sky Network Television has this morning told the stock exchange it has sold its outside broadcasting capability to NEP New Zealand, the local arm of a US-based global remote and studio-based production company.
The transaction is subject to approval from the Overseas Investment Office and the New Zealand Commerce Commission, and relevant applications have been lodged.
The terms of the transaction, including purchase price and services agreement, are confidential to the parties.
The deal makes NEP NZ Sky’s technical production partner for the next decade, with its Outside Broadcast subsidiary assets will be transferred to NEP, including six high-definition
Brand battle: Pandora, Alex and Ani to fight it out
19.8 k views | Posted January 18, 2016 | By Coleby Nicholson The battle between Pandora Australia and Alex and Ani appears to have escalated, with the matter garnering attention from the wider jewellery industry and mainstream media.
As first reported by
Jeweller in December 2015, the trouble started when Pandora Australia and New Zealand president Brien Winther advised the brand’s retail stockists against simultaneously stocking US jewellery range Alex and Ani. The newcomer, Alex and Ani, was introduced to the Australian and New Zealand market about one week prior by House of Brands, which is owned by former Pandora Australia and New Zealand president Karin Adcock.
Telecompaper
New Zealand consults on regulation for fibre service providers Thursday 28 January 2021 | 15:46 CET | News The New Zealand Commerce Commission has launched an online survey to help telecommunications stakeholders have their say on the next phase of regulation for fibre service providers. The move follows the Commission finalising the key regulatory rules, requirements and processes (known as input methodologies) for the new regulatory regime. These rules apply to Chorus and local fibre companies Enable Networks, Northpower Fibre and Ultrafast Fibre which supply wholesale inputs to retailers.
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