Tuesday, 19 February 2019 11:18

More bad news?

Written by 

A mate of the Hound reckons that Fonterra’ directors may finally be coming to grips with just how bad its Chinese investments have been for its farmer shareholders.

Your canine crusader’s informant claims to have innocently sat recently near a couple of stressed co-op directors in the Air NZ Koru lounge. They were deep in discussion about the co-op’s investment ‘dog’ in China, and were poring over meeting papers on the subject.

This old mutt’s informant says his ears pricked up when the directors’ hushed voices rose sharply as they added up the cost of the disastrous investments. He says Fonterra shareholders should brace themselves for more bad news very soon.

Featured

EPA Chair Outlines Reforms to Speed Up Approvals

The chair of the country's environmental regulator, the Environmental Protection Authority (EPA), says changes are already under way to improve the performance of the agency to better meet the needs of those who interface with them.

Alliance Group's Heat Pump Programme Wins Energy Award

Alliance Group's $16 million programme to install innovative heat pump systems at its Otago and Southland processing plants wins a New Zealand Energy Excellence Award after cutting annual emissions by more than 24,000 tonnes of CO₂e.

National

Machinery & Products

» Latest Print Issues Online

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter