Business
Primary Sector
'War room' helps Fonterra weather covid-19
Fonterra’s 'war room' is making strategic decisions on a daily basis that reaped benefits in China, but the dairy giant isn't downplaying the impact of a global recession.
Primary Sector
No changes for Wrightson board as new investor builds 9% stake
PGG Wrightson’s newest substantial shareholder – Beijing Holdings BAIC – hasn’t started lobbying for change at the board. The rural services company yesterday said it’s been in touch with the Hong Kong investment company, which has interests in international agriculture and fo...
Services
Ad tech company collapse not due to coronavirus, liquidator says
A smartphone advertising firm that received millions in start-up funding from investors including Crown scheme NZVIF Investments and Stephen Tindall’s K1W1 has collapsed. Postr Media was an ad-tech startup that sold white-label software to phone companies that wanted to sell...
Economy
Unions hold fee increases, take wage subsidy as redundancies hit
Two of the country’s biggest private-sector unions have suspended fee increases and claimed the government wage subsidy, as a wave of redundancies has eaten into their membership. Both E tu and First Union have deferred scheduled membership fee increases due to take effect on...
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