Fonterra has delayed its walk up the annual results aisle by two weeks, after earlier warning it will make a multi-million dollar loss. Peter Fraser traces the events leading up to the surprise decision and considers whether there is more to it than meets the eye. For Fonterra, September 12 2019 mattered. It was the … Read more
New Zealand’s largest construction company and controversial owner of the disputed Ihumātao land near Auckland airport has made a $164m profit, a big turnaround from its losses last year. Business editor Maria Slade analyses what it all means. What has Fletcher Building announced? The construction and building products company with operations on both sides of … Read more
New Zealand’s largest company has warned it will lose as much as $675m this year. What has happened in dairying and are we doomed? What has Fonterra said? Fonterra Co-operative Group has given farmers and the markets an update on its financial situation. It says it will make a whopping loss for the year of … Read more
Milk is practically white gold, right? Turns out not so much, with Fonterra announcing a huge loss for the year. Business editor Maria Slade explains why our biggest dairy company has lost so much money. Has our largest company really made its first ever loss? Yes. Fonterra Co-operative Group has announced a $196 million loss … Read more