Fonterra dairy company reports $562 million loss and says its future strategy centres on New Zealand

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Fonterra dairy company reports $562 million loss and says its future strategy centres on New Zealand

Global dairy giant Fonterra has reported a loss of $562 million, as it moves to focus on its New Zealand milk pool. The loss, announced this morning in New Zealand, is up on the $182 million loss from the previous financial year but at the lower end of …
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This Fintech Safari Could Be a Wild Ride

Africa is a promising terrain for digital banking. But traditional lenders need to be careful to get it right. By. Andy Mukherjee. September 25, 2019, 3:00
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Peloton IPO: At-home exercise firm prices float at $29 per share

Exercise bike firm Peloton has priced its initial public offering (IPO) at $29 per share to value the company at $8bn (£6.47bn). Peloton priced its float at the top of its $26 to $29 range last night as it looks to raise $1.16bn. Read more: Why Wework’s IPO strategy …
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British Airways owner IAG says strikes cost £121m

British Airways owner IAG says the strikes called by pilots in a dispute over pay and conditions have cost it at least €137m (£120m). As a result of the two-day strike by pilots on 9 and 10 September, IAG said a total of 2,325 flights had been cancelled.
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Ericsson Expects to Pay $1 Billion in US Corruption Probes

Ericsson AB said it expects to pay $1 billion to resolve investigations by U.S. authorities into business ethics breaches in six countries including China
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