cooperatives
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
18th Dec 24, 3:11pm
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SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
The Co-operative Bank books another chunky Credit Contracts and Consumer Finance Act related provision
28th Nov 24, 9:22am
The Co-operative Bank books another chunky Credit Contracts and Consumer Finance Act related provision
Alliance Group chairman acknowledges 'disappointing' financial result, but says meat co-operative is approaching better times
19th Nov 24, 3:07pm
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Alliance Group chairman acknowledges 'disappointing' financial result, but says meat co-operative is approaching better times
Fonterra chairman Peter McBride pushes the case with farmer-shareholders for why the co-operative wants to sell household name brands such as Anchor and Mainland
14th Nov 24, 2:07pm
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Fonterra chairman Peter McBride pushes the case with farmer-shareholders for why the co-operative wants to sell household name brands such as Anchor and Mainland
Rabobank NZ bemoans big 4 banks' capital advantage, says farmers need to operate within planetary boundaries in bank competition submission
18th Oct 24, 6:30am
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Rabobank NZ bemoans big 4 banks' capital advantage, says farmers need to operate within planetary boundaries in bank competition submission
[updated]
Commerce Commission declines merger application of the two Foodstuffs co-operatives, citing concerns around the merged entities having ‘greater buyer power’ and shrinking NZ’s grocery competition further
1st Oct 24, 10:07am
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Commerce Commission declines merger application of the two Foodstuffs co-operatives, citing concerns around the merged entities having ‘greater buyer power’ and shrinking NZ’s grocery competition further
Fonterra says by streamlining its operations and focusing on its ingredients and food services business it can grow greater value for farmer shareholders and unit holders
30th Sep 24, 10:43am
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Fonterra says by streamlining its operations and focusing on its ingredients and food services business it can grow greater value for farmer shareholders and unit holders
[updated]
Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year
25th Sep 24, 9:56am
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Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year
Food inflation helps Foodstuffs North Island hit record revenue of $9.2 billion but annual profit still sinks into the red
11th Jul 24, 3:42pm
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Food inflation helps Foodstuffs North Island hit record revenue of $9.2 billion but annual profit still sinks into the red
Big rise in annual revenue for Foodstuffs South Island doesn't keep its bottom line out of the red
21st Jun 24, 3:50pm
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Big rise in annual revenue for Foodstuffs South Island doesn't keep its bottom line out of the red
[updated]
Commerce Commission extends its decision due date for the Foodstuffs merger for the second time due to ‘unresolved issues’, will now release final decision in October
21st Jun 24, 10:47am
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Commerce Commission extends its decision due date for the Foodstuffs merger for the second time due to ‘unresolved issues’, will now release final decision in October
Co-operative Bank CEO Mark Wilkshire eyes new core banking system, sees 2 key areas of open banking opportunity, 'moves quickly' to address RBNZ AML concerns
28th May 24, 11:14am
Co-operative Bank CEO Mark Wilkshire eyes new core banking system, sees 2 key areas of open banking opportunity, 'moves quickly' to address RBNZ AML concerns
Guy Trafford reviews the new moves to reduce the size of the main Fonterra board, and some grass-roots reaction to the proposed changes
4th Nov 23, 2:31pm
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Guy Trafford reviews the new moves to reduce the size of the main Fonterra board, and some grass-roots reaction to the proposed changes
Fonterra's after-tax profits have risen to $1.577 bln, with a full-year dividend of 50c per share and a final declared milk price of $8.22 per kilogram of milk solids
21st Sep 23, 8:56am
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Fonterra's after-tax profits have risen to $1.577 bln, with a full-year dividend of 50c per share and a final declared milk price of $8.22 per kilogram of milk solids
CEO Mark Wilkshire says growing mortgage market share during tough times is a good strategy for The Co-operative Bank
15th Jun 23, 10:13am
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CEO Mark Wilkshire says growing mortgage market share during tough times is a good strategy for The Co-operative Bank
As HSBC quits NZ retail banking, CEO Mark Wilkshire says The Co-operative Bank is an option for its customers
14th Jun 23, 1:27pm
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As HSBC quits NZ retail banking, CEO Mark Wilkshire says The Co-operative Bank is an option for its customers
Co-operative Bank sees nothing to fear in taking on the big Australian banks
Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8.50–$10.00, with a midpoint of $9.25; will keep full ownership of Australian business
22nd Sep 22, 9:04am
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Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8.50–$10.00, with a midpoint of $9.25; will keep full ownership of Australian business
Co-operative Bank to contact customers about potential remediation for credit contracts & consumer finance law issues later this year
1st Jul 22, 2:56pm
Co-operative Bank to contact customers about potential remediation for credit contracts & consumer finance law issues later this year
Govt releases discussion document that looks at striking balance between supporting Fonterra plans while introducing strengthened conditions on matters such as milk price setting
27th Apr 22, 10:33am
Govt releases discussion document that looks at striking balance between supporting Fonterra plans while introducing strengthened conditions on matters such as milk price setting
John Shewan says it is 'disappointing' the shareholders fund's argument that it should be bought back by Fonterra has not been accepted and he says buying the fund back would be a logical and timely solution
13th Dec 21, 2:10pm
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John Shewan says it is 'disappointing' the shareholders fund's argument that it should be bought back by Fonterra has not been accepted and he says buying the fund back would be a logical and timely solution
Strong dairy prices sees dairy giant Fonterra raise its forecast 2021/22 milk price payout by 30 cents, but trim its earnings forecast
3rd Dec 21, 9:38am
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Strong dairy prices sees dairy giant Fonterra raise its forecast 2021/22 milk price payout by 30 cents, but trim its earnings forecast
Fonterra has made some late tweaks to its capital restructuring proposals; needs to 'keep working' with Govt on what changes may mean to Dairy Industry Restructuring Act
9th Nov 21, 3:21pm
Fonterra has made some late tweaks to its capital restructuring proposals; needs to 'keep working' with Govt on what changes may mean to Dairy Industry Restructuring Act
Fonterra has narrowed its milk price forecast range, giving an implied 'midpoint' price that equals the record payout in 2014
26th Oct 21, 9:02am
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Fonterra has narrowed its milk price forecast range, giving an implied 'midpoint' price that equals the record payout in 2014
The Westpac economists now see a milk price of $8.50 this season, based on expected lower production
6th Oct 21, 11:58am
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The Westpac economists now see a milk price of $8.50 this season, based on expected lower production