Marc Rivers
Dairy year off to a positive start - Fonterra
The year has started on a positive note for the nation's dairy farmers. In the first Global Dairy Trade auction of the year, prices leapt 3-point-9 per cent across the board. Te Aniwa Hurihanganui… Audio
Business News for 9 September 2019
ANZ jumps ahead of the pack with a predicition of three more interest rate cuts by the Reserve Bank, taking the official cash rate to 0.25 % by the middle of next year. But other economists are… Audio
Fonterra not ruling out further writedowns amid audit delay
Fonterra has delayed the publication of its annual financial result, saying its auditors need more time to finalise its accounts. Audio
Fonterra expects to miss $800m debt reduction target
Fonterra's on track for another big loss and now admits it's going to miss its 800 million dollar debt reduction target. Audio
Fonterra to sell down stake in Beingmate
The dairy cooperative, Fonterra, is set to take further hefty losses in the Chinese infant formula manufacturer Beingmate as it moves to reduce its stake. Audio
Fonterra has no explanation for share sell-out
The dairy giant Fonterra says there's no reason why its share price fell to record lows this week. Audio
Fonterra drops earnings forecast amid challenging times
As you may have heard in the news, Fonterra is still under considerable pressure as its margins and earnings are hit by drought in Australia, sluggish sales in Latin America, and uncertain market… Audio
Fonterra CFO Marc Rivers: finding financial truth
As Chief Financial Officer of Fonterra, Marc Rivers' current focus is a wide ranging strategic review of the whole dairy co-op, after a year in which the company reported its worst ever financial… Audio
Tip Top on the sales block for Fonterra
Fonterra has lowered its milk payout forecast for the third time in four months because of global oversupply and weak prices, as it puts the Tip Top ice cream business up for sale. Audio
Fonterra profit turns sour
Dairy co-operative Fonterra has slumped to a sizeable loss ... the first in its 17 year history, and announced it will review its business to improve returns. Audio
Fonterra cuts payout, dividend
Fonterra's need to keep its debt levels in check is behind its move to cut the milk payout to farmers for the season just ended and to scrap its final dividend payout. Audio