BUZZ-NZ's Fonterra fund jumps on lifting full-year earnings forecast

Reuters2025-03-10

** Shares of Fonterra Shareholders Fund FSF.NZ gain 5.8% to NZ$5.49; set for strongest trading session since June, 2024

** Units of dairy giant Fonterra's FCG.NZ fund are listed on the NZ stock exchange and are bought and sold in the same way as any other listed security

** FCG.NZ rise 1.7% to NZ$4.78, their highest level since November 15, 2024

** Fonterra boosts full-year earnings outlook to 55-75 NZ cents per share, driven by strong growth in consumer operations

** Maintains its Farmgate Milk Price forecast at NZ$10 per kilogram of milk solids for the year

** Over 497,000 FCG's shares change hands, 5.5x the 30-day average

** Shares of co set for biggest intraday percent gain since February 21

** Stock up 11.9% as of the last close

(Reporting by Kumar Tanishk and Nichiket Sunil in Bengaluru; Editing by Sandra Maler)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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