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  • Jamie Mackay: The Country host on Dawn Meats lining up to buy 65 percent of Alliance Group
    2025/08/12

    Meat processor Alliance Group says Dawn Meats is lining up to pay $250 million for a 65 percent stake in the meat co-op.

    Alliance, a farmer-owned co-operative and New Zealand’s biggest sheep meat exporter, said the deal would give it an enterprise value of $502 million.

    The Country's Jamie Mackay explains further.

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    4 分
  • Greg Smith: Devon Funds Head of Retail on Spark selling 75 percent of its data centre business to Australia’s Pacific Equity Partners
    2025/08/12

    Spark New Zealand is selling 75 percent of its data centre business for about half a billion dollars.

    Australian-owned Pacific Equity Partners is taking the controlling share of the $705-million-dollar business.

    Spark will move its data centre assets and operations into a new stand-alone company.

    Devon Funds Head of Retail Greg Smith explains what this could mean for the business.

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    4 分
  • Gareth Kiernan: Infometrics Chief Forecaster on the number of businesses reporting losses
    2025/08/12

    A growing number of businesses are reporting losses and economists have voiced concerns.

    IRD data shows that in the 2023 tax year, 107,360 companies out of 475,010 reported a current loss.

    Another 40,670 were carrying a loss over from a previous tax year.

    Infometrics Chief Forecaster Gareth Kiernan says these figures are consistent with the current deterioration of the economy.

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    4 分
  • Shane Jones: Resources Minister reveals he's focusing on how to ration gas to keep businesses afloat
    2025/08/12

    Resources Minister Shane Jones is investigating whether to ration gas to keep some businesses going.

    Fertiliser co-operative Ballance last week revealed it's considering a four-month temporary closure after it failed to renew its long-term gas deal.

    It was outbid by Contact Energy, which is supplying homes.

    Jones says he'll be focusing on what's doable, to help solve the shortage.

    "We're not making any blunt decisions, for example, we've got hospitals and schools dependent on gas."

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    4 分
  • Jonathan Young: Ara Ake Head of Industry and Government Engagement on the impact of the rapidly declining gas supply
    2025/08/12

    The speed of decline of our gas supply could be hampering the transition to alternative energy.

    A Business NZ survey of commercial and industrial users shows average price rises have topped 100% in the past five years.

    Nearly half made various cuts to their business.

    Energy innovation centre Ara Ake's Jonathan Young told Kerre Woodham supply's fallen a lot quicker than anyone expected.

    He says it's hurting as companies try to transition.

    Young says it's like a relay runner falling short ahead of the baton exchange, and it's leading to de-industrialisation.

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    12 分
  • Tina Schirr: Business NZ Energy Council Executive Director on businesses being hit by surging gas prices
    2025/08/11

    There's a view businesses have been taken by surprise by surging gas prices.

    Energy management company Optima and Business NZ's joint survey reveals gas prices have risen by more than 100% on average in the past five years.

    Nearly half report it's led to them reducing operations, increased prices, or cutting staff.

    Business NZ Energy Council Executive Director Tina Schirr told Mike Hosking they didn't know how quickly supply would dwindle.

    She says they knew there'd be moderate reduction over the next few years, but didn't think it'd be this steep over the last two years.

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    4 分
  • Shane Solly: Harbour Asset Management spokesperson on what the US CPI report means for rates
    2025/08/11

    The next US Consumer Price Inflation report will be out this week, and economists are speculating about what this could mean going forward.

    Markets are keeping an eye on things, as inflation continues to be an issue in the US.

    Harbour Asset Management's Shane Solly explains further.

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    4 分
  • Mat Woods: Destination Queenstown CEO on the the $130 million luxury hotel set to be built in Queenstown
    2025/08/11

    A new $130 million luxury hotel development in Queenstown is designed to draw in more high-spending visitors.

    The new hotel will sit on an elevated 1.2 hectare site in front of the award-winning Kamana Lakehouse hotel in Fernhill.

    Once completed, it will encompass 37 ultra high-end residences across 10 architecturally designed villas, with a central facilities building.

    Destination Queenstown CEO Mat Woods says this will be a draw card for the entire nation - not just Queenstown.

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    4 分