A significant decision from the Court of Appeal could see Gloriavale shut down its' operations for good.

The court has thrown out an injunction that prevented BNZ from closing the West Coast Christian community's accounts.

BNZ attempted to stop doing business with Gloriavale in 2022, after the community's child labour usage breached its human rights policy.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks the wider implications of this verdict.

LISTEN ABOVE

A significant decision from the Court of Appeal could see Gloriavale shut down its' operations for good.
The court has thrown out an injunction that prevented BNZ from closing the West Coast Christian community's accounts.
BNZ attempted to stop doing business with Gloriavale in 2022, after the community's child labour usage breached its human rights policy.
NZ Herald Wellington business editor Jenee Tibshraeny unpacks the wider implications of this verdict.
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

Jenee Tibshraeny: NZ Herald Wellington business editor on the Court of Appeal allowing BNZ to close Gloriavale's bank accounts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/38868a4a-5fcb-40dc-bb63-b2430070d8d9/transcript

Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near. 

The Canterbury milk processor's posted a half year loss of $80.6 million. 

Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million. 

Chief Executive Richard Wyeth told Mike Hosking the next six months are critical. 

He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward. 

LISTEN ABOVE 

Synlait's boss says the company's facing its toughest period in 20 years, but hopes a turnaround is near.&nbsp;
The Canterbury milk processor's posted a half year loss of $80.6 million.&nbsp;
Revenue rose $32 million to $949 million, while debt soared 88$ to $472 million.&nbsp;
Chief Executive Richard Wyeth told Mike Hosking the next six months are critical.&nbsp;
He says they've got the sale of a North Island asset coming up but need to catch up on a backlog for advanced nutrition, then they can focus forward.&nbsp;
LISTEN ABOVE&nbsp;

Richard Wyeth: Synlait CEO on the $80.6 million half-year loss, future of the company

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f6313f98-05eb-4fac-b75a-b416013aa43a/transcript

Over in the UK, Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the ongoing Iran war.

The conflict has entered its fourth week, and concerns have been raised over the economic impacts - especially with living costs going up for households. 

UK correspondent Kay Oliver says petrol costs keep going up, and it's getting 'scary'.

LISTEN ABOVE

Over in the UK, Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the ongoing Iran war.
The conflict has entered its fourth week, and concerns have been raised over the economic impacts - especially with living costs going up for households.&nbsp;
UK correspondent Kay Oliver says petrol costs keep going up, and it's getting 'scary'.
LISTEN ABOVE

Kay Oliver: UK correspondent on Prime Minister Starmer calling an emergency meeting on economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6c16fadd-5225-4bda-94ab-b416007c9ba2/transcript

Reports indicate more overseas visitors are cancelling trips to New Zealand, generating more concerns about the nation's economic recovery. 

A new survey shows that 77 percent of tourism operators have seen more cancellations over the last month. 

Tourism Export Council CEO Lynda Keene says she's not too concerned just yet, despite the ongoing international crisis impacting air travel. 

LISTEN ABOVE

Reports indicate more overseas visitors are cancelling trips to New Zealand, generating more concerns about the nation's economic recovery.&nbsp;
A new survey shows that 77 percent of tourism operators have seen more cancellations over the last month.&nbsp;
Tourism Export Council CEO Lynda Keene says she's not too concerned just yet, despite the ongoing international crisis impacting air travel.&nbsp;
LISTEN ABOVE

Lynda Keene: Tourism Export Council CEO on the rise in overseas visitors cancelling New Zealand trips

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/98a7f3b4-077d-4c6b-a7df-b416007937be/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor on the Court of Appeal allowing BNZ to close Gloriavale's bank accounts

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