Articles by Penny Macdonald

About Penny Macdonald


  • A2 Milk, hit by strong kiwi, to use Australian cash for global expansion

    A2 Milk Co, which markets milk with a protein variant said to have health benefits, will ramp up its expansion in the US, the UK and Asia using cash generated in its biggest market of Australia after a year in which a strong kiwi slashed the value of sales and earnings.

  • Airwork annual profit climbs 52 percent, beating forecast

    Airwork Holdings, the aviation services firm which listed last December, boosted annual profit 52 percent on the strength of its helicopter engineering unit, beating guidance.

  • Westland cuts forecast payout on falling global dairy prices, strong kiwi

    Westland Milk Products, the Hokitika-based dairy cooperative, has overtaken rival Fonterra Cooperative Group in cutting its forecast payout to farmers, citing falling global dairy prices and the persistent strength in the kiwi dollar.

  • NZ dollar buoyed by Fonterra plans to expand capacity, form Chinese partnership

    The New Zealand dollar rose after Fonterra Cooperative Group yesterday said it would maintain its milk price forecast, expand its local processing capacity and form a partnership to help sell its products in China, New Zealand’s largest trading partner.

  • Eyes on ECB

    Investors flocked to a US auction of US$35 billion in five-year notes as European bond yields sank to record lows amid bets that the European Central Bank will add more stimulus in an effort to prop up the flagging euro-zone economy.

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