Checkpoint

Investors hoping to bag a good deal when My Food Bag publicly listed four years ago may have been left with a bad taste in their mouth. Shares valued at $1.85 when it debuted on the New Zealand stock exchange in 2021 are now worth 25 cents. Market commentators have said it is not the only IPO that has gone sour in recent years. Money correspondent Susan Edmunds spoke to Lisa Owen.

Arrests have been made in relation to the fatal shooting of two police officers in the rural Victorian town of Porepunkah. The manhunt for 56-year-old Desmond Filby, also known as Dezi Freeman, is in its fourth day with no sign of the shooter. Police say the suspect is an experienced bushman who's heavily armed which - along with harsh weather conditions - has complicated search efforts. ABC's Gavin Coote spoke to Lisa Owen.

Has Auckland lost it's mojo? At over 6%, the super city has the highest unemployment rate in the country. Meanwhile, small businesses continue to struggle, with hopes now pinned on the Central Rail Link to deliver a boost in patronage. To escape the doldrums there are calls for the city of sails to back more high-profile events, although some Aucklanders don't support that approach. Lucy Xia reports.

Asia correspondent, Adam Hancock spoke to Lisa Owen about floods that have devastated Pakistan's Punjab province with tens of thousands having to evacuate, as well as private zoo owned by the son of India's richest man who is under investigation for alleged mistreatment of animals.

News from the business sector, including a market report.

The opening round of the Women's Rugby World Cup had several blown-out scorelines, including the Black Ferns' 46-point win over Spain. The closest game was a 24-point win, but World Rugby officials are defending the disparities and telling fans to hold on for inevitable arm-wrestles as the tournament continues in England. Sports reporter Felicity Reid spoke to Lisa Owen.

Residents living near a proposed landfill site on the outskirts of South Auckland say the roads aren't equipped for the 192 truck movents it will bring a day, and they are convinced it will lead to someone losing their life. Scarbro Environment has applied for resource consent to dump clean fill waste from construction in an area almost one-and-half times the size of Wellington's Sky Stadium. Auckland Council's considering 500 submissions on the proposal - and locals are gearing up for a potential legal battle if it gets the green light. One of the neighbours of the proposed fill site, Jo Taylor spoke to Lisa Owen.

Some Aucklanders are worried that the government's proposal to ease alcohol restrictions will harm some of the poorest and most vulnerable communities. It is estimated that alcohol harm currently costs the country $9.1 billion a year. The proposed changes to the Sale and Supply of Alcohol Act- which were announced today - include loosening alcohol restrictions with fewer hurdles for bars and bottle stores. Ministers will also be able to declare one-off special trading hours for pubs screening major sport or cultural events. Lucy Xia reports.

Air New Zealand's profit has dropped 15% in a year and there's more turbulence ahead. The national carrier reported a net profit of $126 million the year ended June compared with $146 million a year earlier. The national carrier is warning next year will probably be every bit as tough as the last one. Air New Zealand CEO, Greg Foran spoke to Lisa Owen.

Supermarket experts say there is no clear player waiting in the wings to rev up competition for cheaper groceries. That's despite Finance Minister Nicola Willis name dropping Costco in her announcement on reforms to the sector this week. Costco was one of a number of players she mentioned that had been in touch - and are interested in the New Zealand market. So how realistic is it? Money Correspondent Susan Edmunds reports.