Primary Sector
Explore the latest primary industry news by BusinessDesk.
Wrightson earnings slide as gloomy farmers cut spending
By Paul McBeth Aug. 13 (BusinessDesk) - A skinnier PGG Wrightson reported a 29 percent slide in annual earnings from its remaining businesses as the Mycoplasma bovis outbreak curbed spending by farmers. Operating earnings before interest, tax, depreciation and amortisation...
UPDATE: Fonterra scraps dividend on expected FY loss, won't meet debt target
(Recasts lead to include debt target and updates to add detail, comment from Fonterra and analyst) By Rebecca Howard Aug. 12 (BusinessDesk) - Fonterra Cooperative Group expects to report a full-year loss of up to $675 million and won't pay a dividend as it slashes the carry...
Economy
Farmers even gloomier about economy on heightened trade fears
By Paul McBeth Aug. 12 (BusinessDesk) - New Zealand's farmers got even gloomier about the state of the economy as the lingering US-China trade stoush and looming Brexit deadline threaten to undermine global trade. A net 51.6 percent of 1,432 surveyed farmers - more than ha...
Fonterra says it won't pay a dividend this year; expects FY loss of up to $675m
By Rebecca Howard Aug. 12 (BusinessDesk) - Fonterra Cooperative Group said it expects to report a full-year loss of $590 million to $675 million and that it won't pay a dividend as it slashes the carrying value of assets around the world. Chair John Monaghan said in light o...
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Riley Kennedy
Journalist
Riley was the New Zealand Shareholders Association emerging journalist of the year in 2022. His 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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