GFM Network News

Agrium refuses investor demand to spin off retail

Fertilizer and ag retail firm Agrium said Tuesday it would not take the “substantial risk” of spinning off its retail operations, as the company sought to fend off pressure from activist investor Jana Partners. Jana, a New York City hedge fund, disclosed in a filing on Tuesday that it had bought more than 6.5 million […] Read more

Agrium profit boosted by farmer demand

Agrium reported a 43 per cent rise in quarterly net profit Wednesday, sending its shares up 3.3 per cent in early trading, as higher crop prices led to stronger demand for the seeds, fertilizers and other agricultural products it sells.  Agrium and its competitors have benefited in recent years from strong grain prices and increased […] Read more

PotashCorp shares dip on grain prices, brokerage rating

Shares of Canadian fertilizer maker PotashCorp fell roughly 2.5 per cent on Wednesday after a dip in grain prices and a bearish view from a brokerage firm. National Bank analyst Robert Winslow initiated coverage of Saskatoon-based Potash Corp with an "underperform" rating on Wednesday, arguing that global potash supply is likely to increase more than […] Read more

Potash Corp seeks permission to raise ICL stake

Fertilizer maker PotashCorp is seeking permission from Israeli authorities to raise its stake in rival Israel Chemicals (ICL) to 25 per cent, a government source said. "PotashCorp has requested approval from the government to raise its stake to 25 percent," the source, who asked not to be identified, told Reuters on Monday, confirming a report […] Read more