#TGD: Job cuts please Fonterra investors

Dairy juggernaut Fonterra is proposing to axe 300 corporate jobs and sharemarket investors have lapped up the cost-carving move, driving up the share price over $8 in a response that surprised analysts.

#TGD: Revenue gap widens between dairy companies

The revenue gap between domestic dairy companies widened in 2012, as experts said thatincreasing market concentration will benefit the industry in the long run, the National BusinessDaily reported.

#Fonterra invests at Wynyard

FONTERRA Australia has announced it will invest $6.6 million to upgrade the cheese production system at its Wynyard, Tasmania site.