Fonterra nears deal
Dairy giant Fonterra has confirmed it is close to reaching a commercial deal with Auckland Council.
Dairy giant Fonterra has confirmed it is close to reaching a commercial deal with Auckland Council.
Fonterra has raised 1.25 billion renminbi in its second Chinese currency denominated bond, which it will use to repay debt and expand operations in China.
A waterfront dispute has broken out between two of New Zealand's biggest ports, arguing about who is the best.
Fonterra is buying the naming rights for Shed 10 on Auckland's Queens Wharf - and will use its Anchor brand, the Herald understands.
While the timing of this is far from ideal given last year's events, this voluntary recall came from Fonterra's own testing, writes Willy Leferink.
A six-month-old baby girl was left 'screaming in pain' after eating a pudding topped with cream that was potentially infected with E.coli bacteria.
In the first of a two-part series Gareth Morgan and Geoff Simmons warn of private profit at a public cost. "Our rivers are stuffed, and getting worse."
Damage to reputation will depend on how cream scare is treated in global media in the coming days: analyst.
News that Fonterra has recalled some batches of fresh cream has people worried that illness they have suffered is due to consuming the contaminated product.
French food giant Danone's legal action against Fonterra will cause uncertainty for investors and is more bad press for the dairy co-operative and NZ, says a commentator.
Fonterra's top executives will have plenty to think about early next year when they devise the co-operative's next three-year business plan.
A sudden and unexpected divergence in the price of milk powder relative to other dairy products has forced Fonterra to take a big knife to its dividend and earnings forecasts for the 2013/14 year.
Strengthening systems to track dairy products through ever-lengthening domestic and international supply chains will be one of the key areas of work following the latest report on the Fonterra botulism scare.
Federated Farmers says a report on Fonterra's botulism scare has highlighted the need for a stronger food safety regime.
Theo Spierings, the chief executive of Fonterra, said: "The elephant! So you heard about the elephant."
Higher dairy export prices have driven New Zealand's terms of trade to their highest point since 1973, Statistics NZ says.
Fonterra has to lift its game in food safety and quality, and also sustainability, says chief executive Theo Spierings.
Seven Fonterra workers treated after a toxic fumes scare today have all been discharged from hospital, and five have already returned to work.
The loosening of China's one-child policy is expected to provide a boost for New Zealand infant formula exporters.
New Zealand and Australian employees of infant formula manufacturer Nutricia could be the latest victims of Fonterra's botulism botch-up.
Listed landlord Goodman Property Trust has provided the first glimpse of Fonterra's new headquarters and announced it will own the building in Auckland's Viaduct area.
Units in the Fonterra Shareholders' Fund traded at their lowest point in just under a year after the dairy co-op said it had factored in a $157 million loss provision.
Fonterra chief executive Theo Spierings says the roll-out of the dairy co-op's infant formula brand in China is "on track" despite the ongoing fallout from the company's botulism fiasco.