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Riley Kennedy

@JournoMan

@businessdesk_nz reporter.

 Auckland, New Zealand
BusinessDesk.co.nz
Joined May 2019
  • Tweets1.7K
  • Following1.7K
  • Followers859
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Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)Photo by Riley Kennedy (@JournoMan)
“I’m not angry with the board at all. I’m frustrated with shareholders that they do not see value in their own co-operative.” - Alliance shareholder Andrew Morrison via @JournoMan in @businessdesk_nz - businessdesk.co.nz/article/p…
Alliance Group farmers need to debate Dawn deal: shareholder

Alliance Group farmers need to debate Dawn deal: shareholder

Pāmu says it appears to provide a credible and constructive path.

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Chiang Mai in the morning
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Culverden Hotel
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Former Fonterra chief executive Theo Spierings has died after a brief illness. businessdesk.co.nz/article/p…
Former Fonterra CEO Theo Spierings dies | BusinessDesk

Former Fonterra CEO Theo Spierings dies | BusinessDesk

Spierings left the dairy co-op in 2018.

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Alastair Hulbert is optimistic about the future of the Dairy Goat Co-operative. But he stresses the next two to three years will be tough. @JournoMan reports. businessdesk.co.nz/article/p…
New Dairy Goat Co-op CEO optimistic about its future | BusinessDesk

New Dairy Goat Co-op CEO optimistic about its future | BusinessDesk

He stresses, however, the next few years are going to be tough.

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PGG Wrightson wants to “rule a line” under its public boardroom fallout and move on collectively, its chair says. @JournoMan reports. businessdesk.co.nz/article/p…
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Synlait Milk has increased its base forecast by 60c to $8.60 per kilogram of milk solids (kgMS) -10c higher than Fonterra’s midpoint. businessdesk.co.nz/article/p…
Synlait increases its milk-price forecast to $8.60 per kgMS | BusinessDesk

Synlait increases its milk-price forecast to $8.60 per kgMS | BusinessDesk

New level now higher than Fonterra's midpoint.

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BusinessDesk understands that Open Country Dairy is expected to sign a deal to purchase Synlait Milk’s North Island milk supply. @JournoMan reports. businessdesk.co.nz/article/p…

Open Country expected to get Synlait's North Island supply

It could happen as early as next week.

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Wagga Wagga Saleyards
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The Overseas Investment Office is investigating whether embattled BX Foods has breached conditions on one of its consents. @JournoMan reports. businessdesk.co.nz/article/p…

BX Foods faces OIO probe for potential consent breach

The inquiry comes as the North Otago meat processor looks to cut 100 jobs.

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Successful night on the raffle at the Motueka RSA
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Riley Kennedy retweeted
Beth Rigby (@BethRigby) profile picture
Beth Rigby
@BethRigby5 Jul 2024
BREAKING: LIZ TRUSS LOSES HER SEAT IN SOUTH WEST NORFOLK
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Dairy prices ‘nosedive’ at latest GDT auction | BusinessDesk

The index was down 6.9%.

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NZ apples and Kiwifruit on sale in Manila
Image from Riley Kennedy (@JournoMan)
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Riley Kennedy retweeted
pbmcbeth (@pbmcbeth) profile picture
pbmcbeth@pbmcbeth4 Jun 2024
Big ructions going on in dairy land and Synlait will have to fight hard for every supplier it wants to keep. Great work from Bex Stevenson and @JournoMan at @businessdesk_nz businessdesk.co.nz/article/p…

Synlait backer Bright Dairy 'digging heels in'

Loan and gun-to-head capital raise won't remove risks from prized plant, analyst says.

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Ruth Richardson out as Synlait director. Shares on NZX down 9% to 40c this morning after yesterday's announcement to the ASX. businessdesk.co.nz/article/p…
Ruth Richardson out as Synlait director | BusinessDesk

Ruth Richardson out as Synlait director | BusinessDesk

Bright Dairy has swapped her for Leon Fung.

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Market cap is now around $87.4m.
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Struggling dairy processor Synlait has confirmed a significant majority of its farmer suppliers want to leave. businessdesk.co.nz/article/m…
Struggling Synlait confirms farmer exodus

Struggling Synlait confirms farmer exodus

Most of its farmers say they want out as debt-laden firm puts new deal to bankers.

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In April, @businessdesk_nz reported at least 50 farmers had given notice. businessdesk.co.nz/article/p…

Synlait's dilemma: how many farmers want out? | BusinessDesk

Analysts warn Synlait may have to pay up to keep farmers on board as others hit the exit.

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Debt-laden Synlait Milk will open the dairy season with a “conservative” milk price forecast similar to Fonterra’s. businessdesk.co.nz/article/p…
Synlait goes 'conservative' with new season's milk price | BusinessDesk

Synlait goes 'conservative' with new season's milk price | BusinessDesk

The company is facing material uncertainty over its high debt levels.

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