Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
Of the 10 wards, six will have new councillors: six sitting councillors have had enough and are retiring. Only four are re-contesting.
The council has come under fire for its role over the years. Some farmers accuse it of turning a blind eye to years of bad investment decisions by the directors and management.
With the council under the pump are we seeing councillors heading for the lifeboats?
