Fonterra offloads pharmaceutical business, cuts debt

New Zealand dairy giant Fonterra (ASX: FSF) has offloaded its shareholding in pharmaceutical supplier DPE Pharma as it reorganises its businesses to cut debt. The company sold its 50 per cent shareholding in the international suppliier of dry inhalation powders for $589 million (NZD$633 million), ending its association with milk-based pharmaceuticals. The purchaser was capital…

We can make roof tiles with built-in solar cells – now the challenge is to make them cheaper

Despite being such a sunkissed country, Australia is still lagging behind in the race to embrace solar power. While solar panels adorn hundreds of thousands of rooftops throughout the nation, we have not yet seen the logical next step: buildings with solar photovoltaic cells as an integral part of their structure.