Synlait has confirmed the sale of its loss-making factory at Pōkeno to US company, Abbott.

The infant-formula company is selling the site and related assets for $307 million, and will use the proceeds to pay down debt.

Harbour Asset Management expert Shane Solly unpacks the data further.

LISTEN ABOVE

Synlait has confirmed the sale of its loss-making factory at Pōkeno to US company, Abbott.
The infant-formula company is selling the site and related assets for $307 million, and will use the proceeds to pay down debt.
Harbour Asset Management expert Shane Solly unpacks the data 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

Shane Solly: Harbour Asset Management expert on Synlait selling their Pokeno plant for $307 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/da0e0b0a-a7fa-4b6f-a29d-b3670073e337/transcript

France’s President Emmanuel Macron has ordered an 'unprecedented' naval deployment in the Middle East to reopen the Strait of Hormuz.

France will deploy eight frigates, along with two amphibious helicopter carriers and the country’s flagship Charles de Gaulle aircraft carrier.

UK correspondent Enda Brady says this comes as the UK has appeared to have paused sending a warship to Cyprus.

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France’s President Emmanuel Macron has ordered an 'unprecedented' naval deployment in the Middle East to reopen the Strait of Hormuz.
France will deploy eight frigates, along with two amphibious helicopter carriers and the country’s flagship Charles de Gaulle aircraft carrier.
UK correspondent Enda Brady says this comes as the UK has appeared to have paused sending a warship to Cyprus.
LISTEN ABOVE

Enda Brady: UK correspondent on France sending a naval deployment to the Middle East

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ed45fb75-ac6c-456e-972b-b40900796f3e/transcript

It was a big weekend for New Zealand's rural community, with the country's shearers dominating the 2026 Golden Shears event.

New Zealand claimed an unprecedented five wins in six events at the Golden Shears World Shearing and Woolhandling Championships, which ended in Masterton on Saturday night.

The Country's Jamie Mackay recapped the action. 

LISTEN ABOVE

It was a big weekend for New Zealand's rural community, with the country's shearers dominating the 2026 Golden Shears event.
New Zealand claimed an unprecedented five wins in six events at the Golden Shears World Shearing and Woolhandling Championships, which ended in Masterton on Saturday night.
The Country's Jamie Mackay recapped the action.&nbsp;
LISTEN ABOVE

Jamie Mackay: The Country host on New Zealand's performance at the Golden Shears World Shearing and Woolhandling Championships 2026

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/790a2237-2acd-4f3a-8901-b409007753e4/transcript

There's been a significant increase in property flippers and it's prompted concerns from experts.

One of the country's most prominent buyers' agencies has complained to the Real Estate Authority about the increase - following a sharp drop in 2023. 

iFindProperty founder Maree Tassell says there's a lot of deception that comes with flipping properties, and vendors often don't find out until it's too late.

LISTEN ABOVE

There's been a significant increase in property flippers and it's prompted concerns from experts.
One of the country's most prominent buyers' agencies has complained to the Real Estate Authority about the increase - following a sharp drop in 2023.&nbsp;
iFindProperty founder Maree Tassell says there's a lot of deception that comes with flipping properties, and vendors often don't find out until it's too late.
LISTEN ABOVE

Maree Tassell: iFindProperty founder on the growing calls to regulate property flippers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9223b95c-049e-46b8-a3f5-b40900755bba/transcript

Shane Solly: Harbour Asset Management expert on Synlait selling their Pokeno plant for $307 million

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