KMD Brands, parent of Kathmandu, Rip Curl and Oboz, has posted a $20 million half-year loss despite growing sales year-on-year, a result the company puts down to struggling consumer confidence and wholesale channels.

However, the company believes the momentum is building, with Kathmandu’s sales continuing to improve despite the downturn.

Milford Asset Management's Jeremy Hutton explains further.

LISTEN ABOVE

KMD Brands, parent of Kathmandu, Rip Curl and Oboz, has posted a $20 million half-year loss despite growing sales year-on-year, a result the company puts down to struggling consumer confidence and wholesale channels.
However, the company believes the momentum is building, with Kathmandu’s sales continuing to improve despite the downturn.
Milford Asset Management's Jeremy Hutton explains further.
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

Jeremy Hutton: Milford Asset Management Equities Analyst on KMD Brands posting a half-year net loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d3d68061-d1ac-4ee3-9059-b2ac0079802e/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/761fc850-18b5-42bb-9beb-b416007c97f8/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/291eb736-1dfc-4e31-817e-b416007933fe/transcript

Oil prices have risen as the fall out continues from the ongoing Middle East crisis.

Brent Crude oil rose about US$1 to be just above US$113 a barrel in early Asia trade.

Harbour Asset Management expert Shane Solly explained further.

LISTEN ABOVE

Oil prices have risen as the fall out continues from the ongoing Middle East crisis.
Brent Crude oil rose about US$1 to be just above US$113 a barrel in early Asia trade.
Harbour Asset Management expert Shane Solly explained further.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on oil prices rising as a result of the Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bfa04af4-af83-45b1-b779-b4160077479e/transcript

Jeremy Hutton: Milford Asset Management Equities Analyst on KMD Brands posting a half-year net loss

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