New Zealand

Hilton Group Performs In Line With Expectations In 2019

Food packing company Hilton Food Group has announced that it has performed 'in line' with board expectations in the 52 weeks ended 29 December 2019. The...

Dairy Giant Fonterra Defers Annual Results To End September

New Zealand-based dairy giant Fonterra has announced a deferral of its annual results announcement to the end of the month, citing ‘significant accou...

Dairy Giant Fonterra Anticipating Major Loss In FY 2019

New Zealand-based dairy giant Fonterra has said that it expects to report a loss of between NZ$590 million (€341 million) and NZ$675 million (€39...

Danone Announces Sustainability Investment In New Zealand Milk Formula Plant

Danone has announced a NZ$40 million (€25 million) investment in its Nutricia spray drying facility in the Otago region of New Zealand, with which the...

Intersnack To Acquire Minority Stake In Universal Robina's Oceania Business

Europe-based Intersnack Group is set to acquire a 40% stake in Universal Robina Corporation's (URC) consolidated business in Australia and New Zealand....

JDE To Launch New Zealand's 'Ti Ora' Tea Brand

Jacobs Douwe Egberts (JDE) has announced plans to roll out the New Zealand-based tea brand Ti Ora at a global level in 2019. The beverage giant intends...

Dry Weather Crimps Fonterra's NZ, Australia Milk Output

Dairy group Fonterra on Thursday said its New Zealand milk production fell 10% in April from the year before as dry weather hit farms. The world's bigge...

Fonterra Cuts Guidance, Shuts Plant In 'New Norm' For Australian Dairy

New Zealand's Fonterra on Thursday cut its annual earnings guidance and said it would close a more than 100-year-old facility in Australia as dry weather a...