Fonterra appears to have seen the error of its ways on bill paying

Fonterra appears to have seen the error of its ways on bill paying
Jenny Ruth
Fonterra appears to have seen the error of its ways when it come to paying its bills, if Small Business Minister Stuart Nash is to be believed.Nash cited the dairy giant as one of the companies that "has confirmed it is seeking to accelerate payments to its 10,000 farming businesses and 5,000 small vendors who have business with Fonterra worth up to $300,000." The government has asked government agencies, most of the companies within the S&P/NZX 50 Index, other significant private companies and the banking industry to partici...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024