Midday Report for Friday 7 August 2015

5:35 PM.Fonterra shares finished stonger after the dairy co-operative slashed its forecast milk payout to farmers to 3-dollars-85 per kilogram of milk solids, from 5-dollars-25. Audio

12:35 PM.News from the rural and farming sectors. Audio

12:26 PM.Danny Lee leads big golf event in USA. Audio

12:25 PM.For the latest from the markets we're joined by Bryan Shepherd at Macquarie Private Wealth. Audio

12:20 PM.The latest survey has found manufacturers' sales have declined, but confidence has improved. Audio

12:19 PM.Eroad is confident of expanding to seven states in North America by March next year. Audio

12:17 PM.T & G Global says its first half profit has risen by nearly a fifth, helped by an improved performance across all its divisions, and the first-time contribution of Apollo Apples. Audio

12:00 PM.A child sex offender remains on the loose; Schools locked down during an armed police callout in south Auckland. Audio