Outgoing Zespri chairman Peter McBride has been elected to the board of Fonterra, taking one of three vacancies. The final results of 2018 Fonterra Board of Directors election have been confirmed with shareholders voting Mr McBride and former director Leonie Guiney on to the board. Fonterra explained: How NZ's biggest company lost $200m - and why it matters 'They simply must do better' - farming group on Fonterra loss Incumbent director Ashley Waugh, Jamie Tuuta and John Nicholls were unsuccessful. Peter McBride lives at Te Puna and has farming interests in the Waikato and Bay of Plenty. He recently announced that he will step down as chairman of Zespri in February 2019. Leonie Guiney lives and farms near Fairlie, where she is a director of four dairy farming companies. She previously served on the Fonterra board from 2014 to 2017. John Wilson and Nicola Shadbolt are retiring from the board effective at the conclusion of the Fonterra Annual Meeting on November 8, 2018. One … [Read more...] about Farmers vote for changes to Fonterra board
8 board result 2014
Modern slavery is not fully understood by the government and it has no idea if its crackdown is working, MPs have said, while warning that Brexit could worsen the situation. The Public Accounts Committee concluded that “good intentions have yet to result in coherent action” against the crimes, with no measure of success for a nationwide strategy and inconsistency between regional police forces. A report on work to reduce modern slavery found that the government has not calculated the number of modern slaves in Britain, after making an estimate of 10,000 to 13,000 in 2013, or how much money it has spent combating the issue. Read more British children being forced into modern slavery in UK Government failing in its bid to tackle modern slavery, report finds Number of modern slavery victims identified rises by 300% More potential victims are being reported to the dedicated National Referral Mechanism than ever before, with Brits becoming the largest group of … [Read more...] about Modern slavery strategy ‘yet to result in coherent action’, MPs find
Even by Napa Valley’s astronomical real estate standards, the sale of Heitz Wine Cellars for a reported $180 million raised eyebrows. It’s the new normal there, though: According to the Napa-based County Appraisals Inc., vineyard properties in the area now routinely go for $400,000 an acre.In response, some wineries have determined that it makes fiscal sense to find a less-expensive neighborhood. Jackson Family Wines, maker of Kendall-Jackson Chardonnay (the top selling chardonnay in the country), purchased its first vineyard in southern Oregon’s Willamette Valley in 2013. Today, the company owns and operates four wineries on more than 1,300 acres in the area, according to theWine Spectator. “In the world of winemaking, it’s still a young region with so much potential,” says Eugenia Keegan, JFW’s general manager in Oregon. Appreciation for Oregon wine is accelerating rapidly. According to Danny Brager, senior vice … [Read more...] about How to Launch an Acclaimed Winery for $8 Million or Less
By April 13, 2018, 5:44 PM EDT General Electric Co. trimmed last year’s earnings by 17 cents a share to bring its accounting for sales of industrial equipment into alignment with new standards.The restated profit figure is a penny worse than the cut GE had signaled to investors in recent weeks. Earnings in 2016 were pared by 13 cents, the Boston-based maker of jet engines and gas turbines said in a regulatory filing after the market closed Friday.While the adjusted results won’t affect GE’s 2018 forecast or the underlying value of contracts, the restatement risks putting additional pressure on the company as it deals with other challenges, from weak demand to regulatory investigations. Lowering last year’s profit would potentially hurt GE’s credit metrics and increase borrowing costs, according to a Cowen & Co. report this week.In addition to the cut to 2017 earnings from the new accounting standards, GE also said the effects of the U.S. tax … [Read more...] about GE’s 2017 Loss Widens as Results Restated After Accounting Shift
Pep Guardiola may have mastered the Premier League but, as far as the Champions League is concerned, the Manchester City manager is in danger of becoming a riddle wrapped in a mystery inside an enigma. He last won it in 2011 and it appears to have increasingly confounded him since, City’s exit to an embarrassing 5-1 aggregate scoreline against Liverpool here the latest in a growing line of failures in the competition. When Ferran Soriano, the City chief executive, talked about how Guardiola had been brought to the Etihad to take the club to the “next level of tactical sophistication and intensity”, he was talking about the Premier League, yes, but primarily the Champions League. The dismal manner of City’s semi-final elimination against Real Madrid in Manuel Pellegrini’s final season in charge was dimly received and City’s hierarchy was certain Guardiola would oversee a marked improvement in Europe. But two defeats to Liverpool, following on … [Read more...] about Does Pep Guardiola need to go back to the drawing board in the Champions League?