Primary Sector
Explore the latest primary industry news by BusinessDesk.
New Fonterra still in its infancy – Hurrell
Challenges remain in core global markets, chief executive says.
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News in Brief
Mercer upbeat on new orders
Mercer Group secured more than $10 million of new orders during the past month said it will report increased operating earnings and net profit for the June year.The increase was driven by the automation arm of the business, with the Milmeq refrigeration unit having a good year wi...
Coronavirus
Fonterra maintains guidance, leaves wide milk forecast
Fonterra says it remains on track to deliver on its forecast earnings guidance of 15 cents to 25 cents a share for the year, despite market challenges related to covid-19. The world’s fifth largest dairy company reported improved earnings figures for the third quarter today, a...
Markets
MARKET OPEN: Fonterra announcement may temper lift in global sentiment
A lift on Wall Street may spur domestic investor appetite, although an announcement from Fonterra Dairy Cooperative on its forecast payment for the 2020-21 season could set the tone. The Dow Jones Industrial Average was up 1.5 percent at 8:20am in Wellington, while the S&P500...
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Riley Kennedy
Journalist
Riley is the New Zealand Shareholders Association emerging journalist of the year, 2022. Riley's journalism experience includes more than a year as a business specialist at the Otago Daily Times. He has a diploma in journalism from Wintec.
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