The companies making money out of free school lunches

The companies making money out of free school lunches
The Ka Ora, Ka Ako programme is under review. (Image: NZME)
Cécile Meier
Big businesses dominate the provision of free lunches in schools, data released under the Official Information Act reveals. The Ka Ora, Ka Ako programme is under review, with Act minister David Seymour looking to axe its funding by 50%.  He has called the initiative wasteful, while others say it is critical.  The scheme offers lunches to 230,000 students in about 1,000 of the country's least advantaged schools. It was allocated $323 million in the 2023 Budget but has not been funded beyond this year. Eligible schools can...

More Markets

THL halts trading on 'materially lower' earnings expectations
Markets

THL halts trading on 'materially lower' earnings expectations

In February THL's net profit guidance for FY2024 was $75m.

BNZ's 1H profit and margins ease
Markets

BNZ's 1H profit and margins ease

Net profit was down 5.3% on the previous year's first half. 

NZ sharemarket falls due to global inflation fears
Markets Market close

NZ sharemarket falls due to global inflation fears

The S&P/NZX 50 Index closed at 11,867.58, down 89.92 points or 0.75%.

Graham Skellern 01 May 2024
Michael Hill buffs up security as robbery costs climb
Retail

Michael Hill buffs up security as robbery costs climb

The jeweller has invested in new smash-proof assault glass and fog cannons.

Gregor Thompson 01 May 2024