Fonterra has named Richard Allen as its new chief executive, succeeding Miles Hurrell.

Allen - who joined Fonterra as a graduate in 2008 and has worked in various roles across the dairy co-operative - will take over next month.

Hurrell will remain in a transition advisory role until September.

The Country's Jamie Mackay explained further.

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Fonterra has named Richard Allen as its new chief executive, succeeding Miles Hurrell.
Allen - who joined Fonterra as a graduate in 2008 and has worked in various roles across the dairy co-operative - will take over next month.
Hurrell will remain in a transition advisory role until September.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jamie Mackay: The Country host on Richard Allen being named Fonterra's new CEO

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6afcd871-82d4-402d-8ced-b42c00739e71/transcript

The ongoing Middle East conflict has seen Australia business confidence hit lows not seen since the Covid-19 pandemic.

The US has today moved to blockade the Strait of Hormuz, and the supply shock is likely to hit households hard, according to experts.

HSBC chief economist Paul Bloxham explained further.

LISTEN ABOVE

The ongoing Middle East conflict has seen Australia business confidence hit lows not seen since the Covid-19 pandemic.
The US has today moved to blockade the Strait of Hormuz, and the supply shock is likely to hit households hard, according to experts.
HSBC chief economist Paul Bloxham explained further.
LISTEN ABOVE

Paul Bloxham: HSBC chief economist on Australian business confidence dropping to Covid-era low

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/79f959ff-c88a-4fe9-855b-b42c007f07c3/transcript

New Zealand's growing a reputation among the global tourism industry for its difficult inter-island travel. 

Industry workers who attended the world's leading travel trade show in Berlin have made claims that ferry disruptions are leaving tourists and travel companies wary about the possibility of getting stuck while here.  

Destination Marlborough general manager Tracey Green says it's now a common concern. 

"It's something that we try to ignore, but unfortunately the drum is getting a little bit louder as time goes on - and as more events occur with the Cook Strait crossing." 

LISTEN ABOVE

New Zealand's growing a reputation among the global tourism industry for its difficult inter-island travel.&nbsp;
Industry workers who attended the world's leading travel trade show in Berlin have made claims that ferry disruptions are leaving tourists and travel companies wary about the possibility of getting stuck while here. &nbsp;
Destination Marlborough general manager Tracey Green says it's now a common concern.&nbsp;
"It's something that we try to ignore, but unfortunately the drum is getting a little bit louder as time goes on - and as more events occur with the Cook Strait crossing."&nbsp;
LISTEN ABOVE

Tracey Green: Destination Marlborough general manager on the ferry disruptions gaining international concern

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1cd817b1-0ffa-4c9e-9871-b42c00717711/transcript

Another bank is predicting an upcoming OCR raise. 

ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.

Now Westpac says it's becoming more of a possibility next month - but is more likely in September. 

Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators. 

"They're looking for indications that the peak in inflation will be even higher than they currently expect."

LISTEN ABOVE

Another bank is predicting an upcoming OCR raise.&nbsp;
ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.
Now Westpac says it's becoming more of a possibility next month - but is more likely in September.&nbsp;
Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators.&nbsp;
"They're looking for indications that the peak in inflation will be even higher than they currently expect."
LISTEN ABOVE

Kelly Eckhold: Westpac chief economist on the bank forecasting an OCR increase for September

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b03982c3-de3c-46f5-8f0d-b42c005af9bb/transcript

Jamie Mackay: The Country host on Richard Allen being named Fonterra's new CEO

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