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The Warehouse, famous for being “where everyone gets a bargain”, sold the Torpedo7 brand for $1 this week. That price tag might sound like an absolute bargain but there is much more to these types of deals than meets the eye.For a start, that $1 deal usually encompasses a bit…

Banks are booming, travel is back and supply chain problems are easing, a series of financial results released today show.Some of our biggest companies issued their half-year reports this morning revealing a mixed bag of performance.At KiwiBank, profits are up 7%, with net profit after tax hitting $105 million. Lending…

There is a new chief executive at Oamaru-based motoring firm North Otago Motor Group but the apple did not fall far from the tree with the appointment of Lisa Wilson, business editor Sally Rae reports. North Otago Motor Group is a family business in every sense of the word. Not only do two…

New Zealand has pledged another $25.9 million in support to Ukraine, bringing New Zealand’s financial contribution to more than $100m.Today marks two years since Russia’s invasion of Ukraine.In a joint statement Foreign Minister Winston Peters and Defence Minister Judith Collins said New Zealand would mark the anniversary with the extended…

The latest disruption to Auckland’s train network that saw all trains halted this morning has prompted frustration from an Auckland Councillor — who said Kiwirail need to “up their game urgently”.KiwiRail general manager Metros Jon Knight told 1News that signals across Auckland “went down for about five minutes” shortly after…

Outdoor brand Torpedo7 has been sold to Tahua Partners Limited for $1, The Warehouse Group has announced.Tahua Partners will take ownership of Torpedo7’s assets, including stock, cash in store and the Torpedo7 brand.It will assume its obligations, including in respect of leases and honouring gift cards, online orders, and customers…

After years of service at Wellington Zoo, Zeus the lemur — who has 14 kids — is moving to Hamilton Zoo. “He’s not going to breed here again at Wellington Zoo, but he will be breeding in the future,” primate keeper Lisa Ridley said.Zeus had a medical procedure about a…

A new vaccine to combat the newer strains of Covid-19 will be available to New Zealanders from next month.Pharmac approved the transition to the updated Covid-19 vaccine for the XBB.1.5 strain to be used in the country from its day of release. Pharmac director of pharmaceuticals Geraldine MacGibbon said they…

Batches of Gluten Freedom brand breads are being recalled due to the possible presence of plastic. The products being recalled are Broken Black Rice & Polenta Sourdough, Splendid Sourdough English Muffins and Everything Sourdough Bagels. Venerdi Limited, which owned the Gluten Freedom brand, said it was recalling the products as…