Best of Business

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.
Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.
Sam Dickie from Fisher Funds explained further.
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A farmer has revealed he gets paid 60 cents for 1kg of peas - which were selling for $5.79 at the local Pak’n’Save.
This has prompted questions about where the extra margin goes, especially following the planned closures at McCain and Watties.
Foodstuffs North Island CEO Chris Quin says it's unclear where the $5.79 figure came from.
"It's certainly not easy, and I think that's what we're seeing with McCain and Watties - it's pretty tragic news."
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ASB is facing a fine of around $6 million for breaching anti-money laundering rules.
Banks are required to do their due diligence with their money, in order to comply with existing legislation - but ASB hasn't followed the right systems.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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After multiple delays, Kathmandu’s parent KMD Brands filed its half-year results, revealing details of a discounted capital raise and news that chairman David Kirk is stepping down.
The company, which owns outdoor brands Kathmandu, Rip Curl and Oboz, reported a net loss of $13.1 million, sparking concerns among investors.
Milford Asset Management expert Jeremy Hutton explained further.
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Allbirds, the eco-chic footwear brand co-founded by former All White Tim Brown, has agreed to sell its 'intellectual property and certain other assets' to American Exchange Group.
The brand will be sold for an estimated value of $68 million NZD - a fraction of the company's original net worth.
NZ Herald senior business writer Chris Keall says the company's been in decline for years - with too many key factors going wrong.
"The overarching thing is that it's never been able to make a profit, but it's making sustainable shoes from New Zealand merino wool and recycled materials - but not at a sustainable price."
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