Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Fonterra Co-operative Group Limited (NZX: FSF) has announced plans to reduce costs by $1 billion by 2030, as shared at its annual meeting in Methven. The dairy giant is exploring operational changes, including discussions about certain plants across its network. Chief Executive Miles Hurrell highlighted a focus on achieving a 4% cash operating margin as part of its strategy. The company also unveiled its climate targets and addressed shareholder concerns, including potential board size reductions. These measures aim to strengthen Fonterra's financial and environmental sustainability.
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