After a tough year for KMD Brands, the company's luck is turning around on the share market.

The company behind Kathmandu and Rip Curl saw its share price go up by 17 percent, largely driven by Australian entrepreneur Josh Rudd buying 6 percent shareholding.

Milford Asset Management expert Jeremy Hutton outlined what this could mean for the company - and whether a full takeover is possible.

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After a tough year for KMD Brands, the company's luck is turning around on the share market.
The company behind Kathmandu and Rip Curl saw its share price go up by 17 percent, largely driven by Australian entrepreneur Josh Rudd buying 6 percent shareholding.
Milford Asset Management expert Jeremy Hutton outlined what this could mean for the company - and whether a full takeover is possible.
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' share price going up after 'brutal' few months

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/be72d187-eb95-4570-b40c-b4c0007c88c6/transcript

An artificial intelligence researcher who worked with Anthropic recently quit the industry, and accused the AI giants of 'gambling with our lives' to grow the technology.

Jacob Coxon spent the past three years pre-training AI models, beginning at OpenAI and moving to Anthropic, but has since claimed neither of the big companies are 'acting responsibly'.

Fisher Funds expert Sam Dickie says this is the latest in the case of AI experts 'sounding the alarm' over the risks of the technology.

LISTEN ABOVE

An artificial intelligence researcher who worked with Anthropic recently quit the industry, and accused the AI giants of 'gambling with our lives' to grow the technology.
Jacob Coxon spent the past three years pre-training AI models, beginning at OpenAI and moving to Anthropic, but has since claimed neither of the big companies are 'acting responsibly'.
Fisher Funds expert Sam Dickie says this is the latest in the case of AI experts 'sounding the alarm' over the risks of the technology.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the AI researcher quitting Anthropic and warning of the tech's risks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6f38cb72-95ec-4dbc-b24a-b4c10082756c/transcript

New data shows red meat prices are likely to remain strong, but there's a growing risk of market volatility.

Beef + Lamb New Zealand has warned the margins are likely to tighten, and they've cited rising input costs and the risk of dry El Niño conditions creating additional pressure.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

New data shows red meat prices are likely to remain strong, but there's a growing risk of market volatility.
Beef + Lamb New Zealand has warned the margins are likely to tighten, and they've cited rising input costs and the risk of dry El Niño conditions creating additional pressure.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Jamie Mackay: The Country host on the market volatility potentially impacting red meat sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e990e12b-3d79-4d20-a9cc-b4c1007faadc/transcript

New Zealand's largest Kmart has opened today, at Auckland's Westgate Town Centre.

The new store will be the retailer's first to debut the new Plan C+ format with checkouts at the front, and New Zealand's third 24-hour store after Sylvia Park and Manukau.

First Retail Group managing director Chris Wilkinson says this new store is unlikely to draw people away from Sylvia Park, as both outlets have their own selling points.

"The reality is, Sylvia Park has its own draw, it's got a lot of very unique retailers there - and at the end of the day, the Kmart product is the Kmart product." 

LISTEN ABOVE

New Zealand's largest Kmart has opened today, at Auckland's Westgate Town Centre.
The new store will be the retailer's first to debut the new Plan C+ format with checkouts at the front, and New Zealand's third 24-hour store after Sylvia Park and Manukau.
First Retail Group managing director Chris Wilkinson says this new store is unlikely to draw people away from Sylvia Park, as both outlets have their own selling points.
"The reality is, Sylvia Park has its own draw, it's got a lot of very unique retailers there - and at the end of the day, the Kmart product is the Kmart product."&nbsp;
LISTEN ABOVE

Chris Wilkinson: First Retail Group managing director on New Zealand’s largest Kmart opening today

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f7807029-e16b-4a7b-8399-b4c1007781ae/transcript

Jeremy Hutton: Milford Asset Management expert on KMD Brands' share price going up after 'brutal' few months

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