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

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 Fis…

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

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 uncl…

Jenee Tibshraeny: NZ Herald Wellington business editor on ASB facing a $6 million dollar fine for breaching anti-money laundering rules

ASB is facing a fine of around $6 million for breaching anti-money laundering rules.  Banks are required to do their due diligence with their money, in order to comply with existing legislation - but ASB hasn't followed the right systems.  NZ Herald Wellington business editor Jenee Tibshraeny exp…

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

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 …

Chris Keall: NZ Herald senior business writer on the rise and fall of Allbirds

Allbirds, the eco-chic footwear brand co-founded by former All White Tim Brown, has agreed to sell its 'intellectual property and certain other assets' to American Exchange Group. The brand will be sold for an estimated value of $68 million NZD - a fraction of the company's original net worth. NZ…

Kieran McAnulty: Labour MP on his member's bill designed to loosen liquor regulations on public holidays

Labour MP Kieran McAnulty says his member's bill to loosen liquor regulations on key public holidays will clear up confusion. It would allow hospitality venues to sell alcohol on Good Friday, Easter Sunday, Anzac Day morning and Christmas Day - without needing to serve a meal. The bill could be i…

Bodo Lang: Massey University marketing professor on Allbirds selling its assets for $68 million

Allbirds, the sustainable footwear maker co-founded by ex-All White Tim Brown, says it has sold its 'intellectual property and certain other assets' for $68 million. The process is expected to be completed by April 24, followed by a distribution to shareholders. Its fourth-quarter earnings call w…

Greig Wilson: Epic Hospitality CEO on Good Friday and Easter Sunday alcohol restrictions getting reduced

Some restrictions on Good Friday and Easter Sunday alcohol sales could be gone as soon as this long weekend. A member’s bill from Labour MP Kieran McAnulty would amend the Sale and Supply of Alcohol Act to allow premises that are already open on Good Friday, Easter Sunday, Anzac Day morning, and C…

Simon Bridges: Auckland Business Chamber Chief Executive on business confidence slumping amid oil shock

All signs are pointing towards inflation going up as the Middle East conflict causes business confidence to plummet.  ANZ's latest Business Outlook survey shows most firms expect costs to increase as economic insecurity sets in.  Most anticipate they'll raise prices in the next three months. Ret…

Paul Bloxham: HSBC chief economist on what the oil price increases mean for both sides of the Tasman

The Middle East conflict continues on for another week, and it's led to economic forecasters revising their predictions for recovery. Significant cuts to growth, higher inflation, lower investment, household consumption, and higher unemployment appear to be on the cards, according to new reports. …