Author: Press Room
Dunedin City Holdings Ltd has more than tripled its after-tax profit over the past financial year. In its latest financial results, the company announced a net profit after tax of $12.8 million for the 2024 financial year, an increase of $9.5m from the 2023 result of $3.3m. Dunedin City Holdings Ltd (DCHL) is an organisation that oversees the finances and sustainability of eight companies it owns on behalf of the Dunedin City Council (DCC) — Aurora Energy, City Forests, Delta Utility Services, Dunedin Railways, Dunedin Venues, Dunedin City Treasury and Dunedin Stadium Property along with a 50% shareholding in Dunedin…
A paraglider has been critically injured after “falling from a height” on Christchurch’s Port Hills this morning.Emergency services were notified of the incident on Summit Rd in Sumner around 10.50am on Monday.Police said a person had “fallen from a height” while paragliding.A St John spokesperson said one person in a critical condition had been flown to Christchurch Hospital.”Two ambulances, one rapid response vehicle, and one helicopter attended,” a spokesperson said.
Tuesday marks the beginning of Russia’s latest conscription campaign after President Vladimir Putin signed a decree calling up tens of thousands for military service. How many of them will end up joining the war against Ukraine? ADVERTISEMENTSome 133,000 people are about to be called up for military service in Russia as part of a traditional autumn conscription campaign, where all men aged between 18 and 30 who are not reservists and are subject to military service have to be called in for a 12-month period. This autumn call-up, which started Tuesday and runs until 31 December, is the second routine…
A 23-year-old man has been charged with murder after another man was found dead in his cell at Mt Eden Corrections Facility with “numerous injuries” last week.The inmate, who can be named as Andrew Chan Chui, 36, was found dead in his cell at around 10am on Friday.Corrections said the man had been in a double-bunked cell – the other prisoner who had been residing in the cell is now in a single cell.Detective Inspector Glenn Baldwin said a post-mortem examination and formal identification were carried out over the weekend.Another inmate has been charged with Chan Chui’s murder.”We are in…
A suspicious transaction, irregular accounting, financial challenges, and at-risk investors. Documents revealing why the Government took the unusual step of placing the troubled property empire Du Val under statutory management have been publicly released.The Cabinet papers reveal regulator concerns about the risks posed to investors and creditors if Du Val and its multiple entities had been allowed to continue operating. On August 2, police officers and agents from the Financial Markets Authority (FMA) raided the rented Remuera mansion of Du Val owners Kenyon and Charlotte Clarke. It came after years of warnings about some of the conduct of the flashy…
The far-right political group is suing the Parliament over the cordon sanitaire which has excluded its MEPs from top jobs. However, experts say time and judges might not be on the Patriots’ side. ADVERTISEMENTJustice takes longer than political feuds, and a challenge led by French MEP and President of the far-right Patriots for Europe group Jordan Bardella stands little chance of winning, and less chance of being decided before the end of the current Parliamentary mandate, according to legal experts.Rassemblement National’s Bardella and fellow Patriots’ MEP Hungarian Kinga Gál filed a complaint to the European Court of Justice last week…
Troubled dairy company Synlait Milk has slumped to a large loss after a large asset write down, as it struggled with huge debt, money-losing operations, and business disputes.Key numbers for the year ended July compared with a year ago:Net loss $182.1m vs loss $4.1mRevenue $1.64bn vs $1.60bnImpairment $114.6m (North Island factories)Milk payout/kilo milk solids $8.11 vs $8.49No dividendSynlait chief executive Grant Watson said the company had turned a corner with the approval of a $218 million rescue package from its two biggest shareholders, Bright Dairy and a2 Milk, and new banking arrangements that will allow it to pay back debt.”Synlait…
Eruptive activity may be on the decline at Whakaari/White Island after close to two months but ash and gas emissions remain variable, volcanologists say.The island, located 48km offshore from Whakatāne, remains at a Volcanic Alert Level 3 to indicate a minor volcanic eruption.GNS Science has kept it at this level since an eruption sent ash toward East Cape on August 9, however, observations from a flight on September 24 suggest a decrease in the level of activity occurring at the vent area.“The volcanic ash emissions are now less constant and less vigorous overall,” duty volcanologist Brad Scott said today in…
The Government’s own advice on repealing the oil and gas exploration ban says no new gas fields are likely to be discovered and developed in the next 10 years.The latest modelling, urgently released under the Official Information Act and obtained by RNZ, says in the short term repealing the ban is unlikely to significantly bolster gas supplies from existing fields, either.That makes the climate impacts of the law change smaller, but also any expected impact on the energy market.According to the modelling, the main short-term impact of allowing companies to explore for new supplies of fossil fuels off the New…
When 15-year-old Roman Amosa isn’t at school or playing one of her several sports, she’s helping train 150 kids at the gym. Roman Amosa and her mum Deeyana Amosa founded FitTeens, a free fitness programme for kids aged 12 to 18 across Auckland. Over 95% of its members are Pasifika and a lot of them don’t play much sport. Roman just won the Wellbeing Award at the 2024 GirlBoss Awards for her work as a lead instructor at FitTeens. Re: News spoke to the mum and daughter pair about how FitTeens came about and the impact it’s having on their…