Rideshare giant Uber has reported its second quarter result - and shares were up +11 percent.

CEO Dara Khosrowshahi says the company is in a position to keep growing, despite an uncertain macroeconomic outlook and decreased consumer spending.

Milford Asset Management's Deborah Lambie unpacks these results.

LISTEN ABOVE

Rideshare giant Uber has reported its second quarter result - and shares were up +11 percent.
CEO Dara Khosrowshahi says the company is in a position to keep growing, despite an uncertain macroeconomic outlook and decreased consumer spending.
Milford Asset Management's Deborah Lambie unpacks these results.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Deborah Lambie: Milford Asset Management analyst on Uber's shares going up by 11 percent

UK police believe there are at least 30 potential far right gatherings planned tonight.

So far in the week’s unrest, 400 arrests have been made and around 100 people have been charged in connection with the disorder brought about by the riots.

Nearly 6,000 public order officers are being mobilised.

UK correspondent Gavin Grey explains further.

LISTEN ABOVE

UK police believe there are at least 30 potential far right gatherings planned tonight.
So far in the week’s unrest, 400 arrests have been made and around 100 people have been charged in connection with the disorder brought about by the riots.
Nearly 6,000 public order officers are being mobilised.
UK correspondent Gavin Grey explains further.
LISTEN ABOVE

Gavin Grey: UK correspondent on the increase in planned far-right gatherings across the region

Around 40,000 McDonald’s staff are likely to be compensated, as the fast-food chain corrects a widespread payroll issue dating back 15 years.

McDonald’s is contacting those employed between November 1, 2009, and December 6, 2020, asking them to check a portal on its website to see if they’re eligible for reimbursement.

The company is one of countless employers, including government departments, that miscalculated leave entitlements outlined in what’s proven to be a very confusing Holidays Act 2003.

NZ Herald Wellington business editor Jenee Tibshraeny explains who stands to benefit from this.

LISTEN ABOVE

Around 40,000 McDonald’s staff are likely to be compensated, as the fast-food chain corrects a widespread payroll issue dating back 15 years.
McDonald’s is contacting those employed between November 1, 2009, and December 6, 2020, asking them to check a portal on its website to see if they’re eligible for reimbursement.
The company is one of countless employers, including government departments, that miscalculated leave entitlements outlined in what’s proven to be a very confusing Holidays Act 2003.
NZ Herald Wellington business editor Jenee Tibshraeny explains who stands to benefit from this.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the widespread payroll issue impacting 40,000 McDonald’s staff

There's belief a major Auckland pulp mill proposing closure could be the first of many.

Oji Fibre Solutions is consulting with its 75 Penrose staff, citing a three-year pattern of losses.

CEO Jon Ryder says dramatically rising energy costs are one of several issues plaguing the mill.

E tū Union negotiation specialist Joe Gallagher says the Government needs to step in and set up some regulations.

LISTEN ABOVE

There's belief a major Auckland pulp mill proposing closure could be the first of many.
Oji Fibre Solutions is consulting with its 75 Penrose staff, citing a three-year pattern of losses.
CEO Jon Ryder says dramatically rising energy costs are one of several issues plaguing the mill.
E tū Union negotiation specialist Joe Gallagher says the Government needs to step in and set up some regulations.
LISTEN ABOVE

Deborah Lambie: Milford Asset Management analyst on Uber's shares going up by 11 percent

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