New Zealand's economy has been shrinking, but our largest company has seen profits surge.

Fonterra's announced a 13 percent rise in annual operating profit.

Its cash return to shareholders is up 30.6 percent, and its final farmgate milk payout to farmers has reached a new record high of $10.16 per kg of milk solids.

The Country's Jamie Mackay explains further.

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New Zealand's economy has been shrinking, but our largest company has seen profits surge.
Fonterra's announced a 13 percent rise in annual operating profit.
Its cash return to shareholders is up 30.6 percent, and its final farmgate milk payout to farmers has reached a new record high of $10.16 per kg of milk solids.
The Country's Jamie Mackay explains further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jamie Mackay: The Country host on Fonterra posting an improved financial result

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2337bae0-c3d5-40e1-ab3f-b363008470ff/transcript

Sir Keir Starmer and Donald Trump have spoken for the first time since the US president condemned the UK's response to the Iran conflict.

Reports claim the two leaders discussed the situation in the Middle East and military cooperation between the UK and US.

UK correspondent Gavin Grey says many details of the call are unknown, but it can't have been pleasant for Starmer.

LISTEN ABOVE

Sir Keir Starmer and Donald Trump have spoken for the first time since the US president condemned the UK's response to the Iran conflict.
Reports claim the two leaders discussed the situation in the Middle East and military cooperation between the UK and US.
UK correspondent Gavin Grey says many details of the call are unknown, but it can't have been pleasant for Starmer.
LISTEN ABOVE

Gavin Grey: UK correspondent on Starmer and Trump speaking for the first time since Trump criticised the UK's Iran response

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0c75d350-c88b-4bda-901e-b40800757055/transcript

There's growing concerns about the economic impacts of the war in Iran.

Crude oil prices have topped $100 US dollars a barrel for the first time since 2022 - and our petrol prices surged another 14 cents over the weekend.

Harbour Asset Management's Shane Solly says these attacks are directly impacting key fuel sources, which has got economists worried about future prices.

LISTEN ABOVE

There's growing concerns about the economic impacts of the war in Iran.
Crude oil prices have topped $100 US dollars a barrel for the first time since 2022 - and our petrol prices surged another 14 cents over the weekend.
Harbour Asset Management's Shane Solly says these attacks are directly impacting key fuel sources, which has got economists worried about future prices.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on the economic impact of the war in Iran

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b9c855b6-a261-40e5-b26f-b40800736dc1/transcript

There's growing debate about the future of asteroid mining, as technology keeps making new advancements.

These new developments have prompted concerns about how this process can be regulated, as it looks more likely asteroid mining will take off by the end of the decade.

Waikato University Senior Lecturer in Law Anna-Marie Brennan says there's plenty to be mined from asteroids - and it will likely reduce the environmental impacts on Earth.

"But at the same time, a lot of researchers, a lot of lawyers think we do need a monitoring mechanism for this activity."

LISTEN ABOVE

There's growing debate about the future of asteroid mining, as technology keeps making new advancements.
These new developments have prompted concerns about how this process can be regulated, as it looks more likely asteroid mining will take off by the end of the decade.
Waikato University Senior Lecturer in Law Anna-Marie Brennan says there's plenty to be mined from asteroids - and it will likely reduce the environmental impacts on Earth.
"But at the same time, a lot of researchers, a lot of lawyers think we do need a monitoring mechanism for this activity."
LISTEN ABOVE

Anna-Marie Brennan: Waikato University Senior Lecturer in Law explains ethics of asteroid mining

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8d730814-7758-427a-9b5d-b408007089b9/transcript

Jamie Mackay: The Country host on Fonterra posting an improved financial result

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