Author: Press Room

Scott Technology has posted a record earnings before interest, taxes, depreciation, and amortization (ebitda) result of $31.5 million for the 2025 financial year, driven by a strong second-half performance and a focus on higher margin contracts. Group revenue was $275m, compared to $276m the previous year and highlighted the momentum built in the second half as it was down 14% at the half-year. That was supported by multiple contract wins across the group and improved sales for standard products and recurring revenue streams, the company said in a statement to the NZX. Net profit after tax was up 84% from…

The Pentagon is “positive” about New Zealand’s increased defence spending, which includes the purchase of US helicopters, according to Defence Minister Judith Collins.She spoke to 1News after her meeting with US President Donald Trump’s Secretary of War, Pete Hegseth, in Washington DC today.“We discussed all sorts of opportunities that we have working together – particularly in the Indo-Pacific region, but also the very close relationship we have – there are the Sea Hawk Helicopters that we are buying [from the US], we also talked about some of the issues that we have in relation to some of the foreign military…

It’s a Dawn deal. Alliance Group’s farmer shareholders have voted in favour of selling a 65% stake in their co-operative to Irish meat company Dawn Meats for $270 million. Once the final regulatory and legal steps required were obtained, the new joint venture would become operational and the transaction completed in mid-December. The transaction required a minimum of 75% shareholder acceptance of those who vote, and greater than 50% of the total shareholding voting yes. A special shareholder meeting was held in Invercargill on Monday and 2675 shareholders voted, representing 92,495,558 shares, or more than 88% of all shares on…

Alliance Group’s sale of a 65% stake to an Irish investor has brought relief to the chairperson and confidence to some shareholders.After weeks of voting, 87% of votes were in favour of the $270 million sale to Dawn Meats, in a result announced today by New Zealand’s largest lamb processing company.The money will help Alliance pay between $188-200 million in debt to six banks by a December deadline.Today chair Mark Wynne said he was, “relieved and excited when I saw the results”. “Relieved that we got such a clear mandate from our shareholders. And excited about the future that is…

Published on 21/10/2025 – 16:56 GMT+2 European Council president Antonio Costa has announced that he will join Euronews’ EU Enlargement Summit on 4 November, alongside the leaders of the accession countries for a unique European political event in Brussels. The summit will, for the first time, bring together the leaders of both the EU and accession countries in a unique dialogue on Europe’s enlargement process towards the East, at a crucial moment for the European Union and the candidate states, from Ukraine and Moldova to the Western Balkans. Showcasing the new momentum for Europe’s strategic enlargement, Euronews’ summit will bring…

The Labour Party is concerned the public service commissioner is acting in an “overly politicised way”, as teachers and health workers prepare for a ‘mega strike’ later this week.It comes as the Public Service Commission started running Facebook advertisements on Monday encouraging people to find out more about the strike action happening.The ads contained information about previous offers that had been made to nurse practitioners, senior nurses and graduate nurses.Public Service Commissioner Sir Brian Roche speaks to Q+A, April 2025. (Source: Q+A / Irra Lee)Labour leader Chris Hipkins says the commission is overstepping, and Labour’s public services spokesperson Camilla Belich…

The European Parliament on Tuesday approved two major reforms to EU driving rules — one ensuring that bans on reckless drivers apply across all member states, the other introducing digital licences and updated testing standards. Under the current system, a driver banned for a traffic offence in one EU country can often continue driving elsewhere, including in the nation that issued their licence. Because there is no automatic EU-wide suspension, about 40% of driving offences committed abroad go unpunished. The new law stipulates that a “driving disqualification” issued in one EU country will take effect across the EU, even if…

One person has died after failing to return from a crayfishing trip today in Hawke’s Bay.Police were contacted at 1.40pm after two people did not return from their trip this morning.Coastguard Hawke’s Bay was then deployed, and found one person in the water at 3.10pm.This person was transported back to shore by Coastguard Rescue, where they were checked over by ambulance staff, police said.The second person was located in the water a short time later but was unresponsive. Police said they were unable to be revived.The death would be referred to the Coroner, police said.

On the eve of the two year anniversary of Lower Hutt toddler Baby Ru’s death, police are appealing to those responsible to “do the right thing”.It comes as the officer in charge of the investigation Wellington district crime manager Detective Inspector Nick Pritchard says police are confident they’ve put together a “really comprehensive evidential foundation for consideration of criminal culpability”.Baby Ru, officially named Nga Reo Te Huatahi Reremoana Ahipene-Wall, died at Hutt Hospital after suffering blunt force trauma so severe it fractured his skull and led to his death on October 22 2023.Police have previously said there are three people…

Four-year-old Nia Lohchab was described as an energetic young girl who was a fast runner for her age. Like many children, Nia could often be found jumping on the trampoline. She had not yet learnt to swim, but she enjoyed playing in water.But just three days before her fifth birthday, her life was tragically cut short.The pre-schooler drowned at Tauranga’s Memorial Park in 2023.The findings of a coronial inquriy into Nia’s death are now able to be published.Coroner Matthew Bates concluded Nia’s cause of death was accidental drowning. Nia, who was autistic, climbed in the park’s water fountain after running…