Tuesday, October 14

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Fletcher Building reaches multi-million dollar settlement over leaky pipes
World News

Fletcher Building reaches multi-million dollar settlement over leaky pipes

Photo: supplied Fletcher Building has reached a multi-million dollar settlement over the issue of leaky pipes in Western Australian homes which has dogged the company. Fletcher Building shares had been on a trading halt ahead of the announcement. Trading will begin again soon. It has just told the NZ stock market that it will have to set aside $A155 million ($168 million) in its next financial statement to cover the settlement. The West Australian government will pay up to $A30m ($32.5m). Fletchers said it expects the first year of the settlement will need some $A40m ($43m) to $A50m ($55m), and in subsequent years in the order of A$15m($16m) to A$35m ($38m). At issue has been who is responsible for leaky pipes in Western Australian homes. The pipes are manufactured by Fletcher's Iplex su...
Consumer confidence rises for second month but still subdued
Business

Consumer confidence rises for second month but still subdued

Photo: 123rf Consumer confidence rises for the second straight month. Pessimists continue to outweigh optimists - overall sentiment remains subdued. Households feel it's still a bad time to buy a major household item. Further interest rate cuts could change the mood quickly. Consumer confidence has risen for the second straight month as households feel more upbeat about future conditions, but overall sentiment remains subdued. The ANZ Roy Morgan survey showed sentiment up 4 points to 92.2 in August, following last month's 5 point rise - although it remained well below its 10-year average of 109. A reading below 100 indicated pessimists outweighed the optimists. Households continued to feel more subdued about current conditions, but they were more optimistic when looking further ahead. ...
Australia Labor Party faces fresh internal backlash over gender and sexuality in census
World News

Australia Labor Party faces fresh internal backlash over gender and sexuality in census

By Krishani Dhanji and Tom Crowley, ABC News Anthony Albanese Photo: Six Labor MPs including assistant minister Ged Kearney want their government to change its decision not to include gender identity and sexuality in the census Labor frontbenchers have said the decision was made to avoid a "divisive" debate but the MPs say the government should stick to the principle in Labor's national platform. The next census will be held in 2026. The Albanese government is facing its second wave of internal dissent in the space of weeks, as Labor politicians vent their dismay over a decision not to collect sexuality and gender identity data in the next census. LGBTQIA+ advocates reacted with fury and disbelief when the government quietly confirmed on Monday it would not include a question ...
TVNZ posts $85 million loss and a $39m drop in revenue
Business

TVNZ posts $85 million loss and a $39m drop in revenue

Photo: RNZ/Marika Khabazi TVNZ has posted a large full-year loss as advertising revenue fell and it wrote down the value of assets while signalling more cost cutting. The state owned broadcaster reported a loss of $85 million against a $1.7m profit the year before, driven by a $62m write down in asset values, which were not specified, and a $39m drop in revenue. The pre-tax loss before one-offs was $28.5m at the lower end of its forecasts in the middle of the year. Chief executive Jodi O'Donnell said TVNZ had made progress on its transformation with gains in streaming audiences and digital revenue. "Despite this, and our careful management of costs, our financial performance reflects a constrained economy, market disruption and a difficult advertising market." "It has been an extremely c...
Kiingi Tuheitia: World leaders react to death of Māori king
World News

Kiingi Tuheitia: World leaders react to death of Māori king

Kiingi Tuheitia in 2015 with King Charles - then Prince of Wales - and Camilla, Duchess of Cornwall at Turangawaewae Marae in Ngaaruawaahia. Photo: Hagen Hopkins / POOL / AFP Leaders from around the world have been paying tribute to the Māori king, Tuheitia Pootatau Te Wherowhero VII, who has passed away at the aged of 69. King Charles sent a message of condolence on Friday morning (NZT), saying he and his wife Queen Camilla were "profoundly saddened" to learn of Kiingi Tuheitia's death. "I had the greatest pleasure of knowing Kiingi Tuheitia for decades. He was deeply committed to forging a strong future for Māori and Aotearoa New Zealand founded upon culture, traditions and healing, which he carried out with wisdom and compassion. "I remember with immense fondness meeting Kiingi Tuhei...
Commercial garlic grower accused of spreading misinformation, bullying and racially attacking smaller domestic producers
Business

Commercial garlic grower accused of spreading misinformation, bullying and racially attacking smaller domestic producers

Photo: RNZ/Carol Stiles A commercial Hawke's Bay garlic grower has been accused of a social media smear campaign, misinformation and bullying and racially attacking smaller domestic producers to discredit them online. The squabble has predominantly played out on the garlic gurus NZ Facebook page, centred around debate over claims of an allium white rot (AWR) outbreak and which landowners are responsible for the fungal disease. Te Mata Garlic's Chris Morrison is facing allegations of scaremongering by falsely claiming to have been tasked by the Ministry for Primary Industries (MPI) and other industry bodies to compile data on growers as part of an "industry investigation". MPI has denied investigating an AWR outbreak. Morrison also left a comment on an international 150,000-member garli...
Fletcher Building goes into trading halt ahead of Australian leaky pipes announcement
World News

Fletcher Building goes into trading halt ahead of Australian leaky pipes announcement

Photo: supplied Fletcher Building is in a trading halt ahead of a government announcement, later on Friday, about leaky pipes in Western Australian homes, manufactured by its Iplex subsidiary. Fletcher had been in mediation with stakeholders, including the Government of Western Australia, as part of a joint industry response to the leaky pipe issue. Perth-based building firm BGC blamed Iplex for the bursting and leaking pipes, but Fletcher said installation was the problem. Fletcher said Friday's announcement would include material information in respect of its shares. "This announcement is expected to outline whether the Government of Western Australia will accept a joint industry response to this issue," Fletcher said in a statement to the market. The trading halt would remain in place...
Bucket hats boom as Oasis takes fashion back to Britpop Britain
Life Style

Bucket hats boom as Oasis takes fashion back to Britpop Britain

Oasis are back on, but do you have your bucket hat at the ready?Fashion’s (at times tiresome) obsession with nineties-cum-noughties style has ensured Liam Gallagher’s headpiece of choice has never gone too far out of the mainstream. Any festival-goers this summer — be it Glastonbury, All Points East or, even, the local beer fair — will have borne witness to a flood of Carhartt navy blue and PrettyLittleThing candy floss faux fur iterations. And for better or worse, more are set to come. Lennon Gallagher follows in his father’s footsteps in a Barbour bucket hat at Glastonbury Jed Cullen/Dave BenettThe style – which originated as the humble Irish walking hat in the early 1900s before evolving into military wear, a fashion statement in the Sixties and Seventies, and, later, a solidifying st...
Israel, Hamas set three-day pauses in fighting for Gaza polio vaccinations, WHO says
World News

Israel, Hamas set three-day pauses in fighting for Gaza polio vaccinations, WHO says

By Michelle Nichols, Reuters A UNRWA employee is providing a Polio vaccine in a clinic in Deir al-Balah, central Gaza Strip, on 21 January, 2024. Photo: NurPhoto via AFP Israel's military and Palestinian militant group Hamas have agreed to three separate, zoned three-day pauses in fighting in Gaza to allow for the first round of vaccination of 640,000 children against polio, a senior WHO official said on Thursday. The vaccination campaign is due to start on Sunday, with the pauses scheduled to take place between 6am and 3pm local time, said Rik Peeperkorn, the World Health Organization's senior official for the Palestinian territories. He said the campaign would start in central Gaza with three consecutive daily pauses in fighting, then move to southern Gaza, where there would be ano...
Pacific leaders pay tribute to Kiingi Tuheita
World News

Pacific leaders pay tribute to Kiingi Tuheita

Kiingi Tuheitia making his annual speech at Turangawaewae Photo: RNZ / Shannon Haunui-Thompson The secretary-general of the Pacific Islands Forum says he believes the whole of the Pacific will mourn the death of the Māori king, Kiingi Tuheitia. Māoridom is in mourning after the Māori King died peacefully surrounded by his whānau following scheduled heart surgery. His death comes days after celebrating the 18th anniversary of his coronation. Baron Waqa said Kiingi Tuheitia was one of the key figures in the Pacific and was well respected in the region. "I think the whole of the Pacific will mourn his passing," Waqa said. "We're all here in Tonga, finishing off the leaders' meeting, and this is ... devastating news for us." Cook Islands Prime Minister Mark Brown said his country would be...