After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.

The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors. 

Milford Asset Management expert Jeremy Hutton explained further.

LISTEN ABOVE

After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.
The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors.&nbsp;
Milford Asset Management expert Jeremy Hutton explained further.
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

Jeremy Hutton: Milford Asset Management expert on KMD Brands announcing an equity raise drive following multimillion-dollar loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8306734a-02e9-4eaa-87aa-b41f00730ec2/transcript

A nationwide survey by the Combined Building Supplies Co-operative has found that 84% of members have felt moderate to significant impact from fuel price increases. 

CEO Carl Taylor said some builders can't even afford to get to their work sites. 

"So, clients are obviously starting to look at pausing their projects, pricing becomes harder to lock in, and the confidence drops, and that's when the activity slows," he told Andrew Dickens.

LISTEN ABOVE 

A nationwide survey by the Combined Building Supplies Co-operative has found that 84% of members have felt moderate to significant impact from fuel price increases.&nbsp;
CEO Carl Taylor said some builders can't even afford to get to their work sites.&nbsp;
"So, clients are obviously starting to look at pausing their projects, pricing becomes harder to lock in, and the confidence drops, and that's when the activity slows," he told Andrew Dickens.
LISTEN ABOVE

Carl Taylor: Combined Building Supplies CEO says most builders feeling fuel price increases

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2dc6937a-4cb4-4e75-a6f3-b42400192ab1/transcript

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.

Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.
Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.
Sam Dickie from Fisher Funds explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the ongoing economic costs of the Iran war

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/034db659-c22d-4f07-aaa5-b42000759399/transcript

A farmer has revealed he gets paid 60 cents for 1kg of peas - which were selling for $5.79 at the local Pak’n’Save.

This has prompted questions about where the extra margin goes, especially following the planned closures at McCain and Watties.

Foodstuffs North Island CEO Chris Quin says it's unclear where the $5.79 figure came from.

"It's certainly not easy, and I think that's what we're seeing with McCain and Watties - it's pretty tragic news." 

LISTEN ABOVE

A farmer has revealed he gets paid 60 cents for 1kg of peas - which were selling for $5.79 at the local Pak’n’Save.
This has prompted questions about where the extra margin goes, especially following the planned closures at McCain and Watties.
Foodstuffs North Island CEO Chris Quin says it's unclear where the $5.79 figure came from.
"It's certainly not easy, and I think that's what we're seeing with McCain and Watties - it's pretty tragic news."&nbsp;
LISTEN ABOVE

Chris Quin: Foodstuffs North Island CEO on farmers raising questions over supermarket food prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4fdd5ef8-66c4-4af4-aa0b-b4200065c59a/transcript

Jeremy Hutton: Milford Asset Management expert on KMD Brands announcing an equity raise drive following multimillion-dollar loss

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