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Not a good look for Fonterra as media report on a junket by 200 European staff to a California resort town.
Add to that 100 Chinese staff, media and customers spending a week at a five-star resort to celebrate Anchor’s success. For farmer shareholders reeling from the co-op’s $196m loss the timing couldn’t have been worse. Who approved these junkets? Was it the former chief executive who this month sailed into sunset with last year’s $8m pay cheque?
The Commerce Commission has announced that it has filed proceedings against Westpac New Zealand.
Ia Ara Aotearoa Transporting New Zealand says it backs calls for a review on farm transport rules.
A farm owner and two former Waikato contract milkers were recently fined $27,000 over a lack of feed for 230 cattle and a lack of treatment for cows suffering from milk fever.
Scales Corporation has today reported its results for the first half of the 2025 financial year, revealing what it says are outstanding results from its horticulture and logistics divisions.
Federated Farmers says the final report into banking competition is a significant step forward for rural New Zealand - and a vindication of the farming sector's concern.
Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.
