The MarketsFonterra's 'significant' upgrade happy surprise for NZ's marketThe death today of Queen Elizabeth II – Britain’s oldest and longest-reigning monarch – brought tributes from across the world, but stock and currency markets globally remained largely unchanged. McIntyre said the big market news of the day was dairy co-op Fonterra announcing it had increased its forecast earnings guidance for the 2022-23 season. McIntyre said it was a “significant” upgrade per share and it had come as a bit of surprise to the market, as reflected in a jump in price. Fonterra Shareholders’ Fund Units were up 5% to $3.15 in early morning trading and ended the day up 4.3% to $3.13 – 13 cents higher than yesterday. Retail personal non-bank lender Harmoney told shareholders this afternoon that it plans to apply to delist from the main board of NZX and consolidate its listings on the ASX.

Source: Stuff September 09, 2022 18:05 UTC