NZSA to vote against Summerset director fee rise
The New Zealand Shareholders' Association said it will vote its proxies against an increase in fees for Summerset Group directors.Summerset wants to increase the directors' fee pool by $72,000 to $840,000 to provide headroom to compensate directors for work beyond their n...
Fonterra partners up with YFood
Fonterra Cooperative Group has partnered with YFood to provide research and product development expertise to help drive the German start-up’s expansion, Fonterra general manager Europe Thijs Bosch told BusinessDesk.Fonterra took part in a capital raising led by venture capital fi...
Rural sector sustainable mainstay, needs bank support
The rural sector “will again emerge as being the sustainable mainstay for the NZ economy, without the vulnerability evident in the tourism sector,” said Real Estate Institute of New Zealand rural spokesman Brian Peacocke.Drought conditions aside, “morale within the rural communit...
Dairy boosts exports through covid-19
Provisional data show goods exported from New Zealand rose 4.5 percent to $4.9 billion between Feb. 1 and April 15 compare to the same period a year earlier, while imports fell 9.9 percent to $4.3 billion.This amounts to a monthly trade surplus of $594 million, according to Stats...
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