📢 Anzco Foods has reported a net profit after tax of $53 million in its latest financial year.The Christchurch-based, Japanese-owned red meat processor recorded t...

Anzco Foods posts $53m profit as strong meat markets helps returns

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📢 WasteCo plans to raise new equity and sell non-core assets within three months as part of an aggressive turnaround plan. On Monday afternoon, fresh from an...

WasteCo to shed poor-performing businesses and raise cash

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📢 James Miller has been appointed as the chair of the Financial Markets Authority.Miller, who has extensive experience in capital markets and corporate governance...

James Miller appointed new chair of FMA

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📢 Promisia Healthcare has agreed to buy Chatswood Retirement Village in Christchurch for $25 million in a deal it says will immediately lift underlying earni...

Promisia Healthcare to buy Christchurch retirement village for $25m

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📢 Which famous 1927 film is based on the play Day of Atonement by Samson Raphaelson?Which well-known band was formed in 1973 by brothers Angus and Malcolm Young?&...

QuiznessDesk, Thursday, Aug 06

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📢 The Commerce Commission is taking court action against Foodstuffs South Island, alleging the supermarket co-operative prevented independently owned Pak’nS... 👉[Ad] Websites from NZ$5/mo: hosting, SSL, backups, bill review. https://webservices.photonmark.com

Foodstuffs South Island faces court action over Pak’nSave pricing rules

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📢 New Zealand’s startup scene loves a good success story, but few have moved as fast – or gone as deep – as Wellington energy software venture F...

Business of Tech: Factor’s electrifying, $35 million exit

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📢 BusinessDesk CEO Index, driven by Range Rover, has returned for its second year. Our newsroom and a panel of independent judges have hand-picked 24 New Zealand...

John Robson, BioOra CEO: ‘I am a super macro leader’

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📢 Public health specialists are warning proposed new environmental rules will make it easier for governments to circumvent air pollution standards, potentially le...

Air quality ‘bottom lines’ in danger of no longer being bottom lines, public health specialists warn

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📢 Fonterra has highlighted Sri Lanka, Bangladesh and Nigeria as countries it hopes New Zealand will sign its next free trade agreements with. Fonterra's...

Don’t sideline dairy again, Fonterra warns, as it eyes Sri Lanka, Bangladesh and Nigeria for next FTAs

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📢 A group of Auckland construction companies has been tipped into liquidation, with related-party debt totalling over $16 million. Three “Diamond...

Three related Auckland construction firms in liquidation, $16.49m owed

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📢 What a difference three years makes.There he was in September 2023, Christopher Luxon, freshly polished Leader of the Opposition with the corporate sheen intact...

Christopher Luxon's tough love routine has lost its shine

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📢 A Chinese nutrition and wellness business will take a minority stake in Spring Sheep Milk as it prepares for its next stage of growth.ShareJoy Group will take a...

Spring Sheep Milk to take on new Chinese investor, looks to new stage of growth

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📢 Plans to halt the proposed sale of TSB Bank to Heartland Bank with an injunction are far from certain as the Taranaki group behind the move continues to sort ou...

Injunction to stop TSB Bank sale hinges on damages appetite

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📢 It began with two big names and ended with a question hanging over New Zealand’s capital markets: is there enough work to support another major investment...

Barrenjoey and Jarden’s elephant hunt: the battle for a slice of a small market

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📢 The New Zealand sharemarket, hitting a new high, has climbed more than 2% in three trading days as it works hard to keep pace with the strong rally offshore.The...

NZ sharemarket hits new high, up 0.6%

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📢 New Zealand’s unemployment rate for the June quarter was worse than economists had anticipated, with underutilisation also worse than expectations in the...

NZ’s unemployment rate rises to 5.6% in June quarter

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📢 Former WasteCo chair Roger Gower is set to become its former acting chief executive. In a market announcement on Wednesday, the company said it had appoint...

WasteCo names new CEO after shareholder pressure

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📢 By Becky PetersonSpaceX brought in US$7.8 billion (NZ$13.2b) in revenue in the second quarter, up 92% from the same period last year. The company disclosed the...

SpaceX revenue rises 92% in second quarter

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📢 When we rolled out our subscriber survey, I thought it would take a few weeks to reach 500 respondents.It took barely two days.Congratulations to director Bridg...

Results are in: BusinessDesk subscribers are a good-looking bunch

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📢 What does the letter “T” stand for in the Star Trek character James T. Kirk's name? What type of animal is a Bombay Duck?In which two...

QuiznessDesk, Wednesday, Aug 05

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📢 Global dairy prices have held steady after a significant jump in volume.At the latest Global Dairy Trade auction overnight, the index lifted 0.1% to an ave...

Dairy prices steady as auction volumes surge

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📢 Over the weekend, the Albanese government revealed late changes to its proposed News Bargaining Incentive, the levy‑plus‑offset scheme designed to force digital... 👉 Report issues, make suggestions

Aussie’s big tech tax: news we can use

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📢 A pre-purchase building inspection gives prospective buyers a visual assessment of a property’s condition before they commit to what is often the biggest...

Pre-purchase building inspections: should NZ regulate the ‘wild west’?

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📢 BusinessDesk CEO Index, driven by Range Rover, has returned for its second year. Our newsroom and a panel of independent judges have hand-picked 24 New Zealand...

Tanya Houghton, Farmlands Cooperative Society CEO: ‘I’m not a three-to-five-year CEO’

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📢 The clatter and roar of a refrigerated truck unit outside a corner dairy might soon be a memory if startup PhaseFoam has its way.The University of Auckland spin...

Startup PhaseFoam takes the heat off the refrigerated trucking sector

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📢 Rain was bucketing down when we switched the system on.We were five hours from the nearest airport, on a remote Fijian island with no grid connection, no local...

What a Fijian island taught me about New Zealand's energy future

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📢 Removing maunga viewshaft restrictions could lower aggregate land values across Auckland by $67 billion and reduce citywide house prices, resulting in improved...

Volcanic viewshafts raise Auckland house prices, encourage sprawl and reduce household welfare, new report says

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