Adesanya Charged with DUI

September 27, 2023

Good Morning,

A protest outside Parliament to commence on Thursday, Countdown announces low price programme, and AT ignores global hackers’ threats. The U.S. FDA cracks down on cough syrup testing, thousands flee Nagorno-Karabakh, and France spends less on personal hygiene and household products when money gets tight.

Let's jump in.

Before The Bell

Markets

  • ANZ says it now expects house prices to lift about 4% over the second half of this year, and to continue to rise at their current pace until autumn next year. (Stuff)

  • Interest in Kiwi homes from the United Arab Emirates has increased sharply ​ in the weeks following National’s proposal to lift the foreign buyers ban on high-end homes, compared to the same period last year, according to data from luxury real estate agency New Zealand Sotheby’s International Realty. (Stuff)

  • Rain has been welcomed not only by firefighters dealing with blazes at Pukaki Downs and Lake Takapō/Tekapo, but also by farmers dealing with drier-than-normal conditions heading into summer. (Stuff)

  • Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said. (RT)

Earnings and Data

  • Air New Zealand, which last month reported a return to profit after three years of losses during the Covid-19 pandemic, warned it is facing multiple challenges this year. (Stuff)

  • Australians are raking in $9 billion a year in profit harnessing digital tools to export social media content to the world. (AFR)

News Summary

  • UFC star Israel Adesanya has appeared at the Auckland District Court where he pleaded guilty to a charge of drink-driving. (Stuff)

  • Waikohu Civil Defence advises people to self-evacuate (Stuff)

  • Police have begun preparing the Wellington streets ahead of a protest convoy headed for Parliament. (Stuff)

  • As rampant youths fled police in a stolen car in Christchurch, one of them pulled out a cell phone and began livestreaming to followers on social media. (Stuff)

  • Men sentenced for their parts in 22-year-old's death (Stuff)

  • A driver with four passengers in the car has crashed, with the vehicle flipping several times, and the occupants have then assaulted medics that came to their aid, police say. (Stuff)

  • Countdown has announced a new "low price” programme, which includes fresh vegetables, dairy and bread products for the first time. (Stuff)

  • Auckland Transport has dismissed a claim by a global hacker group that it will release data at 8pm Tuesday from the agency’s ticketing system, which is still recovering after being crashed in a cyber attack. (Stuff)

  • Joe Biden and Donald Trump will speak to striking auto workers in rare back-to-back events in Michigan this week, highlighting how important unions are to the 2024 presidential election, even though they represent a tiny fraction of U.S. workers. (RT)

  • Hungry and exhausted Armenian families jammed roads to flee homes in the defeated breakaway enclave of Nagorno-Karabakh, while the United States called on Azerbaijan to protect civilians and let in aid. (RT)

  • The U.S. FDA is cracking down on lax testing practices by dozens of makers of healthcare products following hundreds of deaths overseas from contaminated cough syrups, a Reuters review of regulatory alerts found. (RT)

  • French consumers are buying fewer personal hygiene and household products, sacrificing tampons and laundry detergent as prices of products made by big brands like P&G and Unilever surge, data compiled for Reuters shows (RT)

Deal Flow

Investments / M&A

  • James Annabell feels he might have found the Holy Grail as Egmont Honey will soon launch at Costco on the USA’s West Coast. (Stuff)

  • Cisco Systems' $28 billion deal for Splunk is likely to prompt other technology giants to splash out on similar acquisitions of software vendors with predictable subscription revenue, investment bankers and analysts say. (RT)

Debt

  • Some offshore creditors of China Evergrande Group are planning to join a winding-up court petition filed against the cash-strapped developer if it doesn't submit a new debt revamp plan by next month, two sources familiar with the matter said. (RT)

Daily Picks

  • Scientists predict land on Earth will once again form a ‘supercontinent’ in 250 million years – but New Zealand won’t be part of it. Read more here.

  • A man has been jailed for life and will serve at least 17 years behind bars for murdering his girlfriend, in a beating where she was punched over 100 times. (Stuff)

Job Board

New Zealand

  • ASB rural banking graduate - Apply here

  • Waterman Capital investment analyst - Apply here

Australia

  • Citadel Securities graduate and intern roles - Apply here

  • Goldman Sachs Investment Banking Intern - Apply here

  • IMC graduate and intern roles - Apply here

  • Jarden

    • Graduate role - Apply here

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  • Macquarie graduate roles - Apply here

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    • Graduate role - Apply here

    • Internships - Apply here

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