Bob Campbell MW

Taste testing the wine industry's New Age preservative.

See details.
Primary Sector

Fonterra boss pleased with profit but still has work to do

Rebecca Howard
Sat, 19 Sep 2020

Rebecca Howard
Sat, 19 Sep 2020
Fonterra is well on track to revamping the cooperative, boosting earnings and slashing debt, but chief executive Miles Hurrell says the job isn’t done.The dairy giant knocked $1.1 billion off its debt, bringing it down to $4.7 billion, or 3.4 times earnings before interest, tax, depreciation and amoritisation. That was ahead of the targeted 3.75 times.A year ago, the cooperative unveiled a strategy to re-set direction and turn the focus back on New Zealand milk. Repaying debt was a lynchpin to that strategy.The goal, said Hurrel...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
Eric Watson appeal unlikely, sentencing judge says
Victoria Young | Thu, 22 Oct 2020

Watson expected to serve half of four-month sentence for contempt, judge reveals positive covid test. 

MARKET OPEN: Auckland Airport AGM front of mind
Rebecca Howard | Thu, 22 Oct 2020

Investors will be closely watching Auckland International Airport’s virtual annual general meeting today for any hint of positivity. 

Bracket creep pushes house buyers to $2m price tag
Brent Melville | Thu, 22 Oct 2020

Three times more Auckland homes sold for more than $2m last month than usual, as the Reserve Bank turns its attention back to LVR levels.

University of Auckland’s business degrees are reshaped for the future of work

The University of Auckland Business School is ready to launch its redesigned undergraduate business programmes.

Spark: Why we need Internet of Things for the future

Why we need IoT for the future of stuff that ‘just works’.