Today The Country looks into a big week for Fonterra with its $348 million net loss due to the Beingmate investment and Danone payout, and Theo Spierings stepping down as CEO.
John Wilson:
The Chairman of Fonterra addresses the $348 million net loss, thanks to the Beingmate investment and Danone
payout. However, the farmgate milk price is up – is this just softening the blow for farmers? Plus - Theo Spierings' resignation.
Jacinda Ardern:
The Prime Minister talks about more losses for the regions as Air New Zealand cuts another destination, oil and gas exploration and changes to processes following the Labour Summer Camp.
