Primary Sector
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The sun and natural gas: Todd Corp's $3b 'clean' electricity play
Todd Corp is planning to spend $3 billion over the next 10 years in New Zealand on solar electricity, natural gas-fired power stations, and further developing its Taranaki gas fields. Two-thirds of that total will go to extracting more natural gas from Todd's Mangahewa onshore Ta...
Primary Sector
Fonterra says 'whole milk bucket' now delivering; powder price up 50%
The strong recovery in skim milk powder prices has more than offset weaker prices for milk fat and helped Fonterra Cooperative generate good returns from the whole milk bucket, says chief executive Miles Hurrell. Over the past year, skim milk powder prices have climbed 50 percent...
Primary Sector
Fonterra hikes forecast payout on strong global demand
Fonterra Cooperative Group raised the midpoint of its forecast farmgate milk price on strong global demand and said it’s making progress under a new strategy with strong first-quarter earnings growth.The cooperative lifted the midpoint of its forecast payout by 25 cents to $7.30...
Primary Sector
Scales to meet 2019 guidance, signals flat 2020 operating profit
Apple company Scales Corp says its underlying net profit for calendar 2019 will meet guidance and its operating profit for 2020 will be flat because of increased capital spending and lower interest income. Scales said underlying net profit for 2019 will come in between $32 mil...
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Riley Kennedy
Journalist
Riley won the Dairy NZ Industry Award at the NZ Guild of Agricultural Journalists and Communicators Awards in 2024. He 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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articles by Riley