Midday Report

Not all audio is available due to copyright restrictions.

Midday News for 5 May 2016

12:00 PM.Porirua's emergency operations centre has been activated to deal with flooding, which is more than a metre deep in some parts of the city. The governor of the Canadian province of Alberta has declared a state of emergency as a huge wildfire continues to engulf the city of Fort McMurray.

BNZ profits squeezed by lower interest rates and bad debts

12:17 PM.The Bank of New Zealand has seen its profits fall, as lower interest rates and weakness in the dairy sector squeeze margins and raise its bad debts.

Turners full year pre-tax will be more than expectations

12:19 PM.Finance and insurance company, Turners, says its full year pre-tax profit will be more than a million dollars ahead of its expectations.

Warnings and welcomes for digital KiwiSaver offerings

12:21 PM.Investors are being urged to take get get better informed and take control of their retirement savings.

Midday Markets for 5 May 2016

12:22 PM.For the latest from the markets we're joined by James Porteous of Craigs Investment Partners

Business Briefs

12:25 PM.There's been a big increase in the amount of capital being raised on the New Zealand sharemarket.

Commerce Commission warns lenders

12:25 PM.The Commerce Commission is warning lenders who fail to properly disclose information to borrowers.

Midday Sports News for 5 May 2016

12:26 PM.The former Warriors rugby league coach Matthew Elliott has told Fox Sports in Australia he always suspected players were abusing prescription drugs but lacked evidence to prove it.

Midday Rural News for 5 May 2016

12:34 PM.News from the rural and farming sectors.