Five Big Things: Thursday, February 22

February 22, 2024

1 The Warehouse Group sells Torpedo7 brand for $1

Outdoor brand Torpedo7 was sold today for $1, The Warehouse Group announced.

The buyer, Tahua Partners, will take ownership of the assets, including stock, cash in store and the Torpedo7 brand.

A spokesperson for The Warehouse Group said most of the permanent Torpedo7 team will be offered jobs with Tahua Partners.

2 Air NZ warns of pricing and capacity review after $129m profit

Air New Zealand has warned of a pricing and capacity review after its half-year financial results were released this morning.

The national carrier announced earnings before tax of $185 million for the past six months.

Air New Zealand's net profit after taxation was $129 million, driven by a whopping $3.1 billion of passenger revenue.

3 'A true leader' - Tributes continue to flow for Efeso Collins

Tributes are continuing to flow for Green MP Efeso Collins , who died yesterday after collapsing at an Auckland charity event.

Efeso, 49, is being remembered as a man of service and a true leader.

4 Major bank drops home loan interest rates from today

BNZ has today lowered a number of its home loan interest rates, continuing the trend after a number of other cuts by leading banks in recent months.

All of its standard fixed mortgage rates were lowered except for the six-month rate.

For more about the lowered rates, hit the "read more" button.

5 Huge interest in 'surprisingly affordable' Auckland castle home

A man's home is his castle, the expression goes — and a five-bedroom castle in Auckland's Half Moon Bay is on the market right now, complete with a tower and dry moat.

The property is aptly located on Prince Regent Drive.

ONE FLIGHT MISHAP

A United Airlines passenger has captured footage of his flight making an emergency stop in Denver after a chunk of the plane's wing slat appeared to have come off.

Passenger Kevin Clarke was one of 165 customers on board the Boeing 757-200 plane that departed from San Francisco International Airport bound for Boston on February 19.

ONE DEER DISEASE

A zombie deer disease is spreading overseas.

As concerns about the disease grow, two academics tackle the question: Could this disease jump to humans?

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