JOBS

WIRES:

Scoop >> Business

Chairman's letter

Monday, 18 February 2008, 11:13 am
Press Release: Fonterra

Dear Shareholders and Suppliers

We've had a lot of good feedback on the proposed changes to our capital structure and it is very clear that we will need to spend much more time in consultation and discussion before any final deciding vote in 2010.

Consequently your Board has decided that it will not proceed with the preliminary vote in May to change Fonterra's structure into two entities. While we still believe there would be benefits in road testing the two company structure, it is not essential at this time.

...

See... Full chairman's letter (PDF)

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

More/Less Coal: Consents Granted For Coal Mine At Mangatangi

A joint Waikato District Council and Waikato Regional Council hearings committee has approved the issuing of consents to a Fonterra subsidiary for an open cast coal mine at Mangatangi, 2.5 kilometres east of Mangatawhiri, in north Waikato. More>>

ALSO:

Fonterra - Fonterra gains consents for coal mine
Coal Action Network - Southland coal looks set to stay in the hole - Westpac Must Stop Funding Climate Chaos and Dump Denniston
Scoop Business - Bank of Tokyo resists Solid Energy debt restructuring
Gordon Campbell - On Len Brown, trust, Solid Energy and Simon Bridges
Labour - Deal or no deal? Answer the question Mr English
Image The Westport Story told by Scoop - Denniston's "Caviar" Of Coal? - The Westport Story, part 3

Disasterous Year: ICNZ Warns Country Must Adapt To Extreme Weather Events

The cost of insured damage from extreme weather events for 2013 is likely to be over $100 million, making it the most costly year from storms in New Zealand since 2004, according to the Insurance Council of New Zealand. More>>

ALSO:

Wellington.Scoop - 138 people evacuated from homes in Wanganui as river breaches stopbanks
Horizons Regional Council - No change in Whanganui River levels overnight
Ruapehu District Council - Ohakune Residents Self Evacuate As Mangawhero Stream Rises - Image: Water Receding But Council on Stand-by for Tonight
NZ Climate Change Centre Out-Link - IPCC AR5 New Zealand Outreach Workshops

Scoop Business: Christchurch Airport Targeting Excessive Profits - Regulator

Christchurch International Airport’s proposed prices over the next two decades are significantly higher than the Commerce Commissions’ view of what’s acceptable, and tougher disclosure requirements have had little impact on promoting price efficiency, the regulator says. More>>

ALSO:

Airline Represenatives NZ Inc - Airlines’ complaints about Chch Airport’s pricing vindicated
Christchurch International Airport - Chch Airport considers Commerce Commission draft report
June Image Christchurch Airport - Aoraki Mount Cook Comes Alive At Christchurch Airport
Commerce Commission - Com Com Report on Review of Fonterra Milk Price Manual

Scoop Business: Xero Raises $180M Selling Shares At Premium To Matrix, Thiel

Xero, the cloud-based accounting company whose shares have more than doubled this year, raised $180 million selling shares to Matrix Capital Management, Peter Thiel-backed Valar Ventures and other investors to ensure it can keep bankrolling its expansion. More>>

ALSO:

Scoop Business - UPDATE2: Xero shares soar after capital raising - Drury says Xero fund raising sends strong signal to rivals
Earlier Scoop Business - CORRECT: Xero shares halted pending capital raising
Clare Capital - Xero (XRO.NZ) – Thoughts on Valuation
2008 Image link - 7x7 » Rod Drury, Xero

Thermal Field Management: Geyser’s Revival Of International Significance

Revival of Papakura Geyser in Rotorua’s Whakarewarewa geothermal valley may be a world first, Bay of Plenty Regional Council Chief Executive Mary-Anne Macleod says. More>>

ALSO:

Image Te Puia - Dormant Whakarewarewa geyser springs into life

ALSO:

TV3 Video - Rotorua geyser 'waking up'

200 Jobs At Stake: Independent Fisheries To Consider Future Of Christchurch Plant

Intense competition from heavily discounted foreign-sourced product in its key markets has forced Christchurch-based fishing company Independent Fisheries Ltd to consider the future of its Woolston processing facilities. More>>

ALSO:

Service And Food Workers Union - Jobs must be saved at Independent Fisheries
Image Out-Link - Independent Fisheries Limited

Scoop Business: SFO Confirms Probe Into Auckland Transport Procurement

The white-collar crime investigator executed a number of search warrants at several locations yesterday as it probes an unidentified number of individuals relating to “irregularities in the procurement of services,” it said in a statement. More>>

ALSO:

Serious Fraud Office - SFO confirms investigation into individuals at AK Transport
Labour - Transparency needed from Auckland Transport
September Auckland Transport - Staff member dismissed - investigation into misuse of monies

Get More From Scoop


Search latest Jobs Positions $100k+ NZ Govt Jobs	Media & Ent. Jobs NZ IT Positions Salary Advice

LATEST HEADLINES

Heritage Queenstown Celebrates World Vegan Day 7:58 PM | Heritage Hotels
Funbox brings its digital magic to the New Zealand market 7:52 PM | Funbox
MARKET CLOSE: NZ shares gain with global rally on debt deal 5:42 PM | BusinessDesk
2014 potentially a pivotal year for infrastructure 5:31 PM | NZ Council for Infrastructure ...
Ttaste barrier cracked with red meat eating quality system 5:27 PM | Silver Fern Farms
Expertise opens export markets, employment growth 5:26 PM | Mercer
Sofitel Queestown Leads NZ on Conde Nast List 5:25 PM | Sofitel Queenstown

RSS

THE WESTPORT STORY
Told by Scoop
Scoop Amplifier paid a 3-day visit to Westport and the Buller District to begin to gain some on-the-spot perspectives into just how steep a battle the majority of Coasters are facing to find ways to tell the story of their intertwined environmental and economic prospects.