Good morning, and welcome to The Bulletin. In today’s edition: A new poll is out, the government is considering public-private partnerships, and rents are rising rapidly. A new 1 News Colmar Brunton poll shows a drop for Labour, but government parties still comfortably ahead of the National party. It’s being reported by 1 News as the ‘end of the … Read more
Rebecca Stevenson takes a look back at the tenure of ‘Mr Milk’, Theo Spierings, atop our biggest company. It’s our biggest business (yet it’s a co-operative) and its chief executive Theo Spierings also earns the highest salary in New Zealand – a lottery dream of a wage packet of about $8.3 million a year, or … Read more
Good morning and welcome to The Bulletin. In today’s edition: Fonterra looks to future as boss resigns, confusion at the top of the coalition government, and charities board denies Greenpeace again. There is comprehensive coverage of the resignation of Fonterra CEO Theo Spierings on the NBR. Mr Spierings stepped down on the same day Fonterra announced its interim financial results. … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Finance Minister considers influencing Air NZ through board appointments, Plunket volunteers might walk out, and everyone’s favourite former President is in town. Air New Zealand has complained to finance minister Grant Robertson, over attacks by regional economic development minister Shane Jones, reports the NZ Herald. But the complaints don’t … Read more
Taking the time to celebrate women in the business community is a very special thing, and what better time to do this than on International Women’s Day? Rebecca Stevenson and Jihee Junn present ten women in business who deserve your attention. The positive impact women make in New Zealand’s business community can sometimes fall under … Read more
A2 Milk Co briefly burst through a landmark this week, reaching a market capitalisation of $10 billion on news of its deal with Fonterra. Here are ten numbers which encapsulate the milk brand’s inexorable rise. $14.62 A2’s shares rocketed up to over $14 this week (but fell back a little to settle just under $13) … Read more
Imagine you didn’t get paid for a month or two for your work. Big businesses have used this tactic to keep cash in the bank – but how long do our corporates take to pay? Rebecca Stevenson investigates. In New Zealand, they account for 97% of businesses. In Australia, 97%. In the UK, 96%. Small … Read more
Welcome to the Cheat Sheet, a clickable, shareable, bite-sized FAQ on the news of the moment. Today, Don Rowe uncovers an icy scandal that reaches the heights of our primary industries. It should have been obvious. We should have seen the trends. All across the country, in the freezers of our dairies and stores, something … Read more
Dairy co-operative Fonterra’s decision in 2016 to delay paying some suppliers for three months prompted a wave of anger. But as David Cormack found out, this practice permeates many industries – and is a serious stress point for small business. It’s a line that gets trotted out by politicians a lot. The line is that “small … Read more
The giant dairy co-op says it wants to play a positive role in cleaning up waterways. To test that pledge, the government must urgently change the rules so Fonterra is no longer obliged to pick up milk from new dairy conversions, argues Russel Norman of Greenpeace NZ This year, amidst all the raucous noise about … Read more