Author: Press Room

Equal stakes for each team, a cost cap, more regular racing, and more women and influencers on board a battery-powered AC75 are all part of the protocol for the 38th America’s Cup which will be held in Naples in mid-2027.The defender of the America’s Cup, The Royal New Zealand Yacht Squadron, represented by Team New Zealand, and the Challenger of Record, The Royal Yacht Squadron Ltd, represented by Athena Racing, have signed the protocol for the next America’s Cup after what has been described as “a complex endeavour that has required a huge amount of collaboration and goodwill from all…

Site closures and asset sales are possible if farmer shareholders do not support Dawn Meats Group taking a 65% stake in Alliance Group for $250 million, the co-operative says. Yesterday, Alliance — the wholly farmer-owned co-operative — confirmed the rumour the Irish company was planning to take a majority stake. The deal is subject to shareholder approval and will require a minimum of 75% shareholder acceptance of those who vote, and greater than 50% of all shareholders voting yes at a special general meeting in Invercargill on October 20. If shareholders did not support the investment, the Alliance board would…

East Coast iwi Te Whānau a Apanui is willing to play the long game to finalise its treaty settlement after the Government’s “unprecedented” U-turn on a major settlement at the final hurdle. The tribe negotiated a unique, agree-to-disagree “sovereignty clause” with the previous government and initialled the deal before the last election, but Treaty Negotiations Minister Paul Goldsmith is now refusing to take the final step.Te Pāti Māori co-leader and Te Whānau a Apanui spokesperson Rawiri Waititi said the issue has been over two decades in the making, but they remain committed.“We are patient. Goldsmith is only the minister for…

A young Christchurch couple are coming to terms with a life-changing moment after winning a staggering $20.25 million in Saturday’s Powerball draw – Lotto NZ’s thirteenth multi-millionaires of the year.The life-changing prize, which included $20 million from Powerball and $250,000 from Lotto First Division, was won with a ticket purchased on MyLotto for the August 9 draw.The couple, who wanted to remain anonymous, were regular players who tended to pick up a ticket when the jackpot was over $10 million.They discovered their win on Sunday morning when the man received an email from MyLotto — a notification sent for prizes…

A Christchurch courier company has buckled under financial pressure, owing creditors more than $1.2 million and leaving staff out of pocket. NJ & MS Holdings Ltd owes about $586,000 to Inland Revenue (IRD) and just over $632,000 to unsecured creditors, while staff claims are nearly $35,000. The company, trading as Point to Point, was placed in liquidation on the application of IRD in the High Court at Greymouth on June 30. An official assignee from Insolvency & Trustee Service was appointed liquidator and released an initial report last week. Previously registered under an office in Greymouth, the company’s sole shareholder…

A New Zealand woman and her six-year-old son have been detained by US immigration officials after she tried to return to America from a trip to Canada.Sarah Shaw had taken her two older children to Vancouver so they could catch a direct flight back to New Zealand on July 24 to visit family, and she then planned to travel back to her home in Washington state with her younger son.Shaw’s lawyer Minda Thorward told local media that she had a temporary immigration document that allowed her travel and re-enter the US but there was an ‘administrative error’ with it.Her friend…

PGG Wrightson has more than trebled its after-tax net profit for the year ended June 30 as the agricultural sector continues to recover. Key results announced yesterday included operating revenue of $975.3 million (up $59.4m or 6% on prior financial year), operating ebitda of $56.1m (up $12m or 27%) and net profit after tax of $10.7m (up $7.6m or 248%). The board declared a fully imputed final dividend of 4c per share, bringing the total fully imputed dividends for the year to 6.5c per share. Chief executive Stephen Guerin attributed the strong result to long-standing relationships with customers and an…

Gloriavale leader Howard Temple has resigned after admitting to abuse against girls and young women.Last month, the 85-year-old pleaded guilty to five counts of indecent assault, five of doing an indecent act, and two of common assault.He had earlier denied 24 charges of sexual offending over more than two decades. His trial at the Greymouth District Court heard the complainants were aged between nine and 20 years old at the time of the offending.Sources inside the West Coast commune have told 1News that Temple resigned as the Overseeing Shepherd on Sunday.The morning’s headlines in 90 seconds, including poll numbers paint…

A Dunedin business owner says a ban on in-store surcharges could result in higher prices for all her customers — regardless of how they pay. “I can’t really see any other way around it — our choices are to increase prices or to take away the ability for people to PayWave or use credit card,” Bin Inn Dunedin co-owner Monique Beaumont said. Commerce and Consumer Affairs Minister Scott Simpson announced late last month the government planned to ban some surcharges for in-store payments by May next year. The ban would cover most in-store payments made using Visa and Mastercard, including…

Chlöe Swarbrick was kicked out of Parliament this afternoon during a debate on Palestine — and initially suspended for a week before the Speaker of the House rethought his decision.Yesterday, Foreign Minister Winston Peters said the Government was weighing up its position on the recognition of Palestine as a state.Recently, the UK, Canada, France and Australia have shared their plans to recognise Palestine as a state.A urgent debate was called in Parliament this afternoon over the matter.During the debate, Swarbrick called on the Government to pick up the Green Party’s bill to “sanction Israel for its war crimes”.Swarbrick speaking to…