Blog

Henderson Dairy is recalling specific batches of its Farm Fresh Raw Milk (unpasteurised) 1 Litre as the product may contain listeria. Photo: Supplied / Ministry of Primary Industries Henderson Dairy is recalling two batches of its raw milk product due to concerns it may contain listeria. The batches, sold by Henderson Dairy, are: 1 litre Farm Fresh Raw Milk batch code 240724 with use-by 280724 1 litre Farm Fresh Raw Milk batch code 260724 with use-by 300724 New Zealand Food Safety acting deputy director-general Jenny Bishop said the products under recall were identified through routine testing, and there have been no reports of associated illness. "New Zealand Food Safety will work with Henderson Dairy to understand how the contamination occurred and prevent its recurrence," she said....

(file image) Photo: 123RF Wholesale interest rates have "collapsed" - but retail home loan rates are likely to follow at a slower pace. Kiwibank economists have pointed out that the two-year swap rate hit a low of 4.19 percent last week, the lowest it had traded in just under two years and well below the recent peak of more than 5.2 percent. That is being driven by a market expectation that the Reserve Bank is planning cuts to the official cash rate (OCR) much quickly than it has previously signalled. "Market traders are now pricing 15bps [basis points] of cuts in August," Kiwibank's economists said. "That's a 60 percent chance of a rate cut in just a couple weeks' time. And looking ahead, traders have priced in just over 75bps of cuts by November. That's a whopping three cuts." They sa...

Comvita posted a $16.8 million net loss after tax in its unaudited financial results for the 2024 financial year. Photo: Supplied New Zealand honey company Comvita is looking at cutting jobs and slashing production amid lower sales and weak demand from Chinese consumers. The NZX-listed company posted a $16.8 million net loss after tax in its unaudited financial results for the 2024 financial year on the NZX on Monday morning. The figure was subject to an impairment adjustment, yet to be calculated - which will be advised on by an independent expert engaged by the board. Total revenue was $204m - much lower than previous guidance of $211m to $218m. Chief executive David Banfield said the result was "extremely disappointing" - driven by challenging trading conditions, non-recurring expens...