News | Rural
25 May 2020 14:55
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Rural

    Fonterra's boss is determined to move forward - not back

    Fonterra's boss is determined to move forward - not back


    Fonterra
    Fonterra
    The company's anticipating a loss of up to 675-million-dollars this financial year, after writing down under-performing overseas assets.

    It's reviewing its business - and looking to cut debt by 800-million-dollars this year.

    It's decided not to pay a dividend for the year to end of July.

    CEO Miles Hurrell says they're focusing on the company's basic values - which is New Zealand milk, and sustainability - and delivering that to the world.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     21 May: Fonterra continues to strengthen its balance sheet
     21 May: Fonterra is on course to inject 11 billion dollars into the economy this year
     05 May: People made redundant from Covid 19 are the target of farmers with jobs to fill on dairy farms
     24 Apr: Dairy giant Fonterra is persisting with its fifteen to twenty cents share forecast in spite of Covid 19's impact on milk trading
     14 Apr: Dairy farmers are facing a dismal milk 5 dollars 60 a kilogram payout forecast next season - because of the coronavirus crisis
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
     24 Mar: Heightened health protocols will cause only minor hold-ups to Fonterra's milk operations through the four-week lockdown
     Top Stories

    RUGBY RUGBY
    The professional playing days of former Crusaders and All Blacks halfback Andy Ellis could be drawing to a close More...


    BUSINESS BUSINESS
    Up to 60 English lower league football clubs could go out of business if the sport fails to plan for the impact of COVID-19 beyond the current season More...



     Today's News

    Politics:
    National's new leader has revealed a reshuffled Caucus - with a spot for the man he usurped 14:07

    Politics:
    An Auckland start-up's working to develop a cost-effective Covid-19 vaccine 13:47

    Golf:
    Tiger Woods didn't miss a fairway to earn a measure of revenge against Phil Mickelson as he teamed with Peyton Manning to win "The Match: Champions for Charity" 13:27

    Business:
    Up to 60 English lower league football clubs could go out of business if the sport fails to plan for the impact of COVID-19 beyond the current season 13:07

    Environment:
    Otaki Beach Store's owner says he has a "minor" clean-up job after this morning's earthquake 12:27

    Law and Order:
    A man's been arrested in relation to the theft of a car with a baby inside from a Whangarei Service Station 11:57

    Law and Order:
    Hamilton Police are appealing for sightings of a missing teenage boy 11:07

    Business:
    More support for Kiwis left jobless by COVID-19 10:47

    Rugby League:
    The NRL is aiming to have fans attending games by the start of July 10:27

    Environment:
    Kapiti Coast is deemed safe and sound, following this morning's strong earthquake 10:07


     News Search






    Power Search


    © 2020 New Zealand City Ltd