Midday Report for Thursday 6 December 2018

12:35 PM.Fonterra has cut its forecast milk price payout. The co-operative is now forecasting a payout range of between six-dollars and six-dollars-30 a kilo of milk solids. Audio

12:26 PM.A major change to the funding model of elite sport is on the cards in the wake of an independent review into athlete welfare. Audio

12:25 PM.Fuel companies will likely be asked to hand over information to the Commerce Commission before Christmas. Audio

12:22 PM.For the latest from the markets we're joined by Andrew Cathie of Craigs Investment Partners. Audio

12:21 PM.Economic conditions have shifted around the regions with a distinct improvement in Auckland and Waikato, while Canterbury remains in the doldrums. Audio

12:17 PM.Fonterra has lowered its milk payout forecast for the third time in four months because of global oversupply and weak prices, as it puts the Tip Top ice cream business up for sale. Audio

12:00 PM.Fonterra cuts its forecast payout to farmers. A family is desperate to hear from a backpacker last seen in Auckland five days ago. Audio