Weekly Digest – 31 August 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

Restaurant Brands regroups after half-year profit takes a hit

The fast food retailing group experienced a half-year profit slump. They are planning to cut costs in an attempt to turn around.

Vista Group not concerned about net loss

Cinema software company Vista Group is optimistic about the future despite posting a $13.8 million net loss. The writedown was mostly attributed to Vista China, where a zero-Covid approach affected cinema profits tremendously.

Strategy shift pays off for A2 Milk

A2 Milk posted a double-digit growth in revenue and earnings for the past year. The growth is attributed to a change in strategy, and has resulted in a return of capital for shareholders.

Share your thoughts on a new information sharing agreement between government agencies

Veterans’ Affairs is leading a public consultation on a proposed information sharing agreement between government agencies. Learn more about the changes and how to share your views here.

A spotlight on workplace wellbeing for employees and employers

The government shared an interview with Dr Georgi Toma, founder of Heart and Brain Works and an expert on employee wellness, to learn how working conditions can affect employees. It can be found here.

Cost-of-living payments undergoing additional screening

Inland Revenue announced last week that extra checks are being brought in to stop its cost-of-living payments going to people based overseas. About 31,000 of the 1.4 million people who received the first payment were flagged.

New planes for Air New Zealand as demand for regional travel skyrockets

Air New Zealand is adding new fuel-efficient aircraft to be used exclusively for domestic travel. The new A321neos will arrive before the end of the year and seat more than 200 people.

Costco is almost here

After some delay, New Zealand’s first Costco is almost ready to open its doors. Stewart Sowman-Lund of The Spinoff takes a tour and shares his initial thoughts. The wholesale giant is a welcome addition to the supermarket duopoly.

Experts believe that interest rates are just right currently

Kiwibank economists feel that peak mortgage rates have likely peaked, and believe that current interest rates are perfectly priced.

No need to hoard toilet paper despite production stoppage

Around 150 staff from New Zealand’s only domestic toilet paper producer have been locked out since August 9 after calling for an inflation-based wage adjustment. Consumer NZ has stressed that there is no need to hoard toilet paper, as much of the supply is imported.

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