Spark has reported another big fall in profit, with reported net profit down 17.7 percent to $260 million - or a 33.6 percent fall to $227 million, adjusting for one-offs.

The telco also cut approximately 1300 full-time employees by the end of June, with many roles being eliminated or going to outsourcing and offshoring firms.

CEO Jolie Hodson says it's a tough economic market and the company has had to adjust to these changes.

LISTEN ABOVE

Spark has reported another big fall in profit, with reported net profit down 17.7 percent to $260 million - or a 33.6 percent fall to $227 million, adjusting for one-offs.
The telco also cut approximately 1300 full-time employees by the end of June, with many roles being eliminated or going to outsourcing and offshoring firms.
CEO Jolie Hodson says it's a tough economic market and the company has had to adjust to these changes.
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

Jolie Hodson: Spark CEO on the company reporting a significant fall in profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e57c9eb5-3c2f-4b9f-b7fe-b33f0077051e/transcript

2-1 down in the Rugby's Greatest Rivalry series flying to Baltimore across the aisle from the Springboks isn't exactly how the All Blacks wanted to head into their fourth matchup.

The Kiwi side is down a few key players, with Ardie Savea, Quinn Tupaea and Luke Jacobson out of commission following some injuries.

Weekend Sport host Jason Pine speculated about the kinds of changes the team could make following the big match. 

LISTEN ABOVE

2-1 down in the Rugby's Greatest Rivalry series flying to Baltimore across the aisle from the Springboks isn't exactly how the All Blacks wanted to head into their fourth matchup.
The Kiwi side is down a few key players, with Ardie Savea, Quinn Tupaea and Luke Jacobson out of commission following some injuries.
Weekend Sport host Jason Pine speculated about the kinds of changes the team could make following the big match.&nbsp;
LISTEN ABOVE

Jason Pine: Weekend Sport host on the changes the All Blacks could make ahead of Springboks clash in Baltimore

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/228d5df1-6914-44d7-b11b-b4c100504d4d/transcript

Kiwi brewers have voiced frustration with Australia's excise tax break for their brewers - and claimed it gives them benefits that New Zealand companies can't get.

This means New Zealand-produced beer is taxed more than its Australian counterpart, and this dispute between the trans-Tasman partners has been a point of contention for over a decade.

Garage Project co-founder Jos Ruffell says their brewery has had to pay $2.5 million worth of tax in Australia because of this, and this should have been resolved earlier.

"MFAT's looked into this, it's a clear breach of CER and we've had some really encouraging news in the last week where Minister McClay has actually now raised this openly with his Australian counterpart, and he's acknowledged that there is a precedent with wine." 

LISTEN ABOVE

Kiwi brewers have voiced frustration with Australia's excise tax break for their brewers - and claimed it gives them benefits that New Zealand companies can't get.
This means New Zealand-produced beer is taxed more than its Australian counterpart, and this dispute between the trans-Tasman partners has been a point of contention for over a decade.
Garage Project co-founder Jos Ruffell says their brewery has had to pay $2.5 million worth of tax in Australia because of this, and this should have been resolved earlier.
"MFAT's looked into this, it's a clear breach of CER and we've had some really encouraging news in the last week where Minister McClay has actually now raised this openly with his Australian counterpart, and he's acknowledged that there is a precedent with wine."&nbsp;
LISTEN ABOVE

Jos Ruffell: Garage Project co-founder on how the Australian excise tax break impacts Kiwi brewers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2166ddb5-6c0c-4a3b-ab65-b4c1004dd3cd/transcript

The UK has moved to the imports of goods from Israeli settlements in the illegally occupied West Bank.

France, Canada and Spain are among the 12 countries imposing similar sanctions - but Australia and New Zealand haven't followed suit as of yet. 

UK correspondent Gavin Grey says the Government is being quite tough on this situation, with Foreign Secretary Ed Miliband using 'extraordinary' languages about the matter.

LISTEN ABOVE

The UK has moved to the imports of goods from Israeli settlements in the illegally occupied West Bank.
France, Canada and Spain are among the 12 countries imposing similar sanctions - but Australia and New Zealand haven't followed suit as of yet.&nbsp;
UK correspondent Gavin Grey says the Government is being quite tough on this situation, with Foreign Secretary Ed Miliband using 'extraordinary' languages about the matter.
LISTEN ABOVE

Gavin Grey: UK correspondent on the UK announcing sanctions on West Bank settlements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/036a5fce-226a-4907-8feb-b4c00083f889/transcript

Jolie Hodson: Spark CEO on the company reporting a significant fall in profit

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