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Bright Dairy extends $130m loan to Synlait for two years
Bright Dairy’s shareholder loan to Synlait Milk will be pushed out for another two years as the Dunsandel processor looks to refinance by the end of the month.

In the lead-up to its recapitalisation, Bright provided Synlait with a $130 million shareholder loan as it worked to deleverage its balance sheet. ⌘ Read more

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Steel & Tube extends ANZ banking deal amid market headwinds
Steel & Tube Holdings has renewed its banking arrangements with ANZ for a further one-year term until September 2027 on similar terms as it navigates increased headwinds.

“The renewed banking arrangements provide additional financial stability as we continue to execute our strategy with discipline and focus,” chief executive Mark Malpass said. ⌘ Read more

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QuiznessDesk, Monday, June 08
How many kilograms does the average cloud weigh? 250,000, 500,000 or 1 million kilograms?
True or false: Earlobes have no biological purpose.
What has lived longer on Earth, sharks or trees?
True or false: 99.999% of the deep ocean floor has not been explored.
Which European country is considered the happiest place on Earth?
True or false: Most ginger cats are female
What is a rainbow on Venus called? A methane bow, a glory, or a punch dust arc?
What did the Ancient … ⌘ Read more

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School lunch tray recycler faces council action over backlog attracting rats, maggots and flies
Two councils took enforcement action against a company recycling the Government’s school lunch trays after 120 tonnes of expired meals piled up at its Hamilton site, drawing maggots, rodents and a fly infestation.

Neighbouring businesses lodged at least nine formal complaints over a three-month period, according to Hamilton City … ⌘ Read more

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Fieldays 2026: Sunshine, spending and an election
New Zealand’s agricultural sector is making its annual pilgrimage to Mystery Creek this week, with Fieldays’ sites sold out, farm balance sheets in decent shape, and an election looming in the background.

This year’s Fieldays is the first in recent memory to sell out all available exhibitor sites, something the event’s chief executive, Richard Lindroos, puts down to strength in the sector. ⌘ Read more

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Eroad board challenger wants to split company, cut costs
Eroad’s largest shareholder wants to split the company, sell or unwind its North American operations, and reduce headcount if a boardroom challenge succeeds.

Alleging mismanagement of the NZX-listed fleet technology company, New York-based Ampfield Management has put forward a turnaround strategy as part of its attempt to remove Eroad’s executive chairman, John Scott, and another director, and install three of … ⌘ Read more

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NZ launches rare dumping probe into aluminium imports
The Government has launched a rare global safeguard investigation into aluminium extrusion imports after local producers argued that low-priced offshore products were damaging a significant New Zealand manufacturing cluster.

Commerce and Consumer Affairs Minister Cameron Brewer initiated the investigation on May 27 after accepting that an application from the Aluminium Extruders Association of NZ (Alenz) contained reaso … ⌘ Read more

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Laurence Pope’s Wonder Water saved by debt for equity swap
Creditors of another entity run by Laurence Pope have agreed to a debt-for-equity swap in a bid to keep Wonder Water from going under.

Wonder Water, a filtered water system rental company, was placed in voluntary administration on April 15, following an appointment by the secured creditor, CFS Debt Fund. ⌘ Read more

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SBS Bank looks to drive growth, eyes capital efficiency
SBS Bank says it plans to grow its capital-consuming businesses over the short to medium term, underscoring this appetite by indicating an intent to streamline its total capital stack.

“We’re in a good space from a capital perspective,” SBS group chief executive Mark McLean said, noting the Invercargill-headquartered bank’s total capital ratio of 18%. ⌘ Read more

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NZ economy needs more than ‘small incremental steps’
New Zealand Growth Capital Partners is nearly a quarter-century old, an initiative from the first term of Helen Clark’s Government.

NZ Growth Capital Partners (NZGCP) chief executive, James Pinner, has just marked five months in the job. He said the reasons for setting it up were just as relevant in 2026 as in 2002. ⌘ Read more

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The benefits of listening to an audiobook while reading along
By Katherine A. Powers

Until recently, I believed that the three greatest contributions audiobooks have made to civilisation were providing access to books to the sight-impaired, reducing the tedium of mindless drudgery and providing another level of interpretation and richness through the voices of gifted narrators. ⌘ Read more

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My Expat Life: NZ tech entrepreneur and Whip Around founder James Colley on Bali life
New Zealand tech entrepreneur James Colley is relaxing beside the pool at his young family’s villa in Bali, speaking with a calmness that contrasts sharply with the life he led until recently.

For years, Colley’s world revolved around airports, investor meetings and constant travel as co-founder of NZ fleet software success story [Whip Around](https: … ⌘ Read more

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My Net Worth: Ana-Marie Lockyer, CEO and board director of Pie Funds
Ana-Marie Lockyer is the chief executive and board director of Pie Funds. She has three daughters and lives in Auckland with her husband.

I am one of four children; I have three brothers, so I started life having to keep up with them, which probably put me in good standing for life. I had a lovely big family at home, but also a lovely big extended family, which meant lots of fa … ⌘ Read more

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