Shares rise led by Auckland Airport and A2 Milk
New Zealand shares rose, led by Auckland International Airport, Spark and Fisher & Paykel Healthcare and as buyers returned to A2 Milk. Gentrack Group fell as earnings growth disappointed some bullish investors.
Hive News Wednesday: Govt and Auckland Council at loggerheads on SHAs; Dairy prices down again; Auckland house prices up again
For the convenience of email-avoiding subscribers and samplers, here’s the email sent earlier on Wednesday.
Fonterra shifts staff from Auckland to regions
Fonterra has begun shifting out top-level managers from Auckland head office to jobs in the regions as it tackles complaints of a disconnect with its farmers and moves more decision-making back to dairying heartlands.
French company #Danone buys Balclutha, Auckland #dairy plants
French dairy giant Danone has bought two New Zealand plants for an undisclosed sum, one of them in South Otago, co-owned by Dunedin businessman Grant Paterson.
Farmers to ask #Fonterra for leniency
Dairy farmers south of Auckland who are battling dry conditions will be asking Fonterra not to penalise them if they fail to fulfil their supply contracts. Pukekohe dairy farmer and Federated Farmers Auckland provincial president Wendy Clark said they had had little rain in the area for the past three months. There was […]
#Fonterra whey inquiry team meets
The Fonterra board’s inquiry into issues around the company’s botulism contamination scare has appointed a further independent member – University of Auckland vice-chancellor Stuart McCutcheon.
Go back to heartland, Fonterra bosses told
A call by Labour’s associate food safety and regional development spokesman, Shane Jones, for Fonterra to be made to shift its head office from Auckland to the country’s dairying capital has been supported by several regional leaders.
#NZ shares rise to new two-month high
New Zealand shares rose, pushing the NZX 50 Index to a new two-month high as Auckland International Airport announced increased traffic with Asia, SkyCity Entertainment rose and Fletcher Building benefited from offshore interest.