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New Zealand
New Zealand
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Banking and InsuranceNew Zealand’s Co-operative Bank tops customer satisfaction survey
The bank ranked first in each of the 13 major satisfaction areas, including value for money, call centre service and dealing with complaints
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AgricultureFonterra announces return to farmers from asset sale and interim profits hike
'Our co-op’s scale and diversification across channels and markets has enabled us to navigate through disruption'
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PoliticsNew Zealand’s leadership change – and what it means for co-ops
'What we need is a brave government and leadership to come in and be prepared to support doing things differently, at speed'
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AgricultureFonterra co-op will introduce its new capital structure in the spring
Farmer members approved the proposal to move to flexible shareholding in December 2021
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Agriculture
Fonterra says new finance framework will aid sustainability goals
'Over the next decade we intend to significantly increase our investment in sustainability-related activities and assets throughout our supply chain'
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Agriculture
Fonterra rethinks sale of Australia business after hailing strong annual results
Robust demand helped the co-op overcome global challenges and it will retain the Australian arm because of its 'important role in our consumer strategy'
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AgricultureFonterra lowers its milk price forecast as global demand softens
The co-op has also launched a new brand, Nutiani, to tap into the growing market for health and wellness products
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Agriculture
Fonterra to install 30-megawatt wood biomass boiler at Waitoa site
Fonterra says the switch from coal will help it reach its target net zero emissions by 2050
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BusinessEU-NZ trade agreement criticised by agri-co-ops on both sides
Copa-Cogeca is concerned about the impact of giving market access to NZ farmers – but Fonterra bemoans European protectionism
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SectorFonterra takes multi-million revaluation to Sri Lanka business as rupee tumbles
Sales volumes were also hit by global uncertainty around Covid and Ukraine but CEO Miles Hurrell says the financial performance remains solid
