0600 NEWS/WEATHER
0609 NZ NEWSPAPERS
0611 MāORI NEWS 1616 NEWS STORY AUCKLAND AIRPORT - AK City Councillors vote to sell city's 25% stake in AK International Airport, joining North Shore and Franklin councils in selling and freeing up almost half billion dollars' worth of shares. Comment from mayors Christine Fletcher and Sir Barry Curtis, councillor Bruce Hucker and Chambers of Commerce head Michael Barnett. (Julian Robins)
0620 RURAL NEWS DAIRY MEGA MERGER - Fed Farmers president Malcolm Bailey against proposed mega co-operative, says dairy industry's walking into it blindly and change in structure won't address real problem of continuing poor returns. (Diana Leufkens); VUW economist Neil Quigley surprised dairy farmers are supporting illegible co-op proposal when little tangible evidence produced to show how it will boost their incomes; outgoing dairy farmers' chair Mark Masters warns the mega co-op could lead to further unwanted increases in milk production. (Kevin Ikin) MILK POWDER SALES - Dairy Board's new high-calcium, non-fat powder, Anlene Gold, exceeds sales target by 50% in Asian markets. Anlene Gold formulated in response to concerns abut osteoporosis in older women and launched 3 months ago in Taiwan, Malaysia, Hong Kong, China and Philippines. (Diana Leufkens)
0625 SPORTS STORY U.S. SPORTS - live i/v with Paul Witteman, "Sports Illustrated". (national basketball championship finals - San Antonio Spurs and New York Knicks)
0630 NEWS/WEATHER
0635 NEWS STORY KOSOVO - SERB REFUGEES - problem increasing. Tens of thousands of Serbs have left Kosovo, where they made up 10% of population. (BBC) INTERNATIONAL PAPERS MANA MāORI: WOOD PIGEONS - world wildlife congress in Budapest next week to hear how Ngati Hine has boosted the numbers of wood pigeons. illegible BUSINESS AND FINANCIAL NEWS GROSS DOMESTIC PRODUCT - March figures released tomorrow. Forecasters expecting rise of around
0.8%, rumours circulating of figure of more than 1.5%. Domestic side of economy expected to provide bulk of growth with manufacturing also likely toshow signs of growth. Comment from WestpacTrust economist Bevan Graham. (Gyles Beckford) GLOBAL TECHNOLOGY FUND being launched by AK-based finance house HCM Global, will be managed by Europe's biggest technology specialist Henderson, with US-based K&S Global providing risk management services. HCM Global's managing director Robert Holroyd says there's definite demand for investment in new technology companies but they're staying clear of Internet. (Gyles Beckford) FINANCE/MARKETS MARKET REVIEW NEW ZEALAND POST looking at further expadning its banking and over-counter services, announces profit for year to end of March of $23 million, up 28%. Chief exec Elmar Toime says one growth area is adding to banking services at Post Shops, such as in Hokitika. (Helen Matterson) ROGUE TRADER - story of Nick Leeson, who broke Barings Bank with his huge trading losses, told in film starring Ewan McGregor. AUCKLAND AIRPORT - likely to be several months before airport shares currently held by AK local bodies appear on market. AK City Council to vote next week whether to confirm decision of its committee to sell its 26% stake. Mayor Christine Fletcher keen for manukau, North Shore and Franklin councils to also sell their shares so combined 44% gets a higher price. (Gyles Beckford) BUSINESS BRIEFS ASIAN INVESTMENT - Andersen Consulting survey points to western-based companies considering spending and investing again in region. Andersen partner Alan Salter says common theme is rise in confidence is being translated into action. (Gyles Beckford)
0700 INTRO/NEWS AUCKLAND AIRPORT - more than third of shares likely to be sold following recommendation by AK City Council's finance committee to sell stake. North Shore and Franklin councils indicate readiness to sell while Manakau City has yet to decide. Live i/v with AK mayor Christine Fletcher and Manakau mayor Sir Barry Curtis. JUSTICE COMPENSATION - Invercargill's Lawton family could be eligible for up to $30,000 in compensation. Family forced to leave city after testifying against Mongrel Mob leader who lived next door, have been subjected to intimidation and death threats. Lawtons not only familt in recent times to flee homes because of illegible. Comment from Robert Wesney, Justice Dept, Cam Ronald of police criminal intelligence, and Invercargill mayor Tim Shadbolt. (Tama Muru); live i/v with John Lawton. COOK ISLANDS - COALITION GOVERNMENT - provisional election results give opposition Democratic Alliance Party 11 of 25 seats, Cook IslandsParty 10 and New Alliance Party 4. PM Sir Geoffrey Henry, leader of Cook Islands Party, and New Alliance Party leader Norman George announce formation of new coalition. But final results could alter that. I/v with Sir Geoffrey. (Mng Rpt) U.S. - NEW YORK MONEY MANAGER vanishes with as much as $6 billion in clients money. Martin Frankel hasn't been seen since May 5, insurance company regulators say he's siphoned off money from a dozen small insurance firms in 5 states and from charity foundation he set up in Virgin Islands. Live i/v with correspondent Richard Quest.
0730 NEWS/WEATHER NZ PAPERS FINANCE UPDATE TENNIS - WIMBLEDON - former world number 1 Jim Courier defeats Carlos Moya. Live report from correspondent Paul Newman. ANNUAL LEAVE - Alliance unveils policy of 4 weeks' paid annual leave for illegible, but is finding it difficult to win allies on issue. Comment from Alliance's Laila Harre, Labour's Pete Hodgson, Employers' Fedn head Steve Marshall, and CTU secretary Angela Foulkes. (Stephen Harris) KOSOVO - KFOR - US marines shoot 2 men following clash with gunmen at checkpoint. Not yet known if men were Serbs or members of Kosovo Liberation Army; ATROCITIES - British Foreign Secretary Robin Cook vists massacre site at Velica Krusa where it's alleged up to 40 men and boys were executed, vows to pursue those responsible. Live i/v with correspondent Paul Chapman. EAST TIMOR - REFERENDUM DELAYED - detained guerrilla leader Xanana Gusmao says he backs UN decision to delay vote on autonomy scheduled for August 8 because of security concerns, i/v with Secretary General's spokesman Fred Eckhardt. (Mng Rpt)
0800 NEWS/WEATHER JUSTICE COMPENSATION - police trying to find ways to compensate Invecargill's Lawton family, forced to sell up and move after testifying against Mongrel Mob leader who firebombed their house. Live i/v with Cam Ronald, head of Criminal Intelligence Bureau, and Labour's Justice spokesman Phil Goff. Justice minister Tony Ryall declines i/v. AUCKLAND AIRPORT - 3 AK local bodies set to sell shares. Live i/v with Ian Waddell, sharebroker at Ord Minnett. ELECTION - HAURAKI SEAT - battle for new Māori seat has more spice added with announcement of NZ First Party candidate. Josie Anderson is up against Labour's John Tamihere and Mana Motuhake's Willie Jackson. (Chris Wikaira) INTERNATIONAL PAPERS PAREMOREMO CACHE - prison officers searching cells uncover cellphones, battery charger, plans for weapons, and marijuana. Live i/v with AK prison general manager Bret Bestic. NORTHERN IRELAND - RESIGNATION CALL - PM Tony Blair rejects calls by Ulster Unionist leader David Trimble for Northern Ireland Secretary Mo Mowlam to resign. Mr Trimble claims she's biased towards nationalists and obstacle to peace. Row follows release from prison of Brighton Bomber Patrick Magee. Live i/v with correspondent David McKittrick.
0830 NEWS/WEATHER SOLOMON ISLANDS - CONFLICT - Commonwealth mediator Sitiveni Rabuka to meet members of guerrilla force blamed for ethnic tension, urges police not to interfere, demands release of guerrilla he says was arrested shortly after meeting. Police Commissioner Frank Short says arrest occurred hours before Mr Rabuka was due to visit area. John Roughan, Solomons Development Trust, says situation is quiet at moment - i/ved live. ANNUAL LEAVE - Alliance wants employees to have at least 4 weeks' paid annual illegible if it helps form govt after election. Comment from CTU secretary Angela Foulkes and Labour's Pete Hodgson; live i/v with Alliance's Industry spokesperson Laila Harre and Dr Steve Saunders, president of Hamilton Chamber of Commerce. PAUA POACHERS - police and fisheries officers investigating alleged poaching ring on WN coast i/ving 8 people and have seized 4,000 paua. (Luke Henshall) INDIA/PAKISTAN - Pakistan increases security at key installations amid fears of war with India over Kashmir. Indian Army chief says he may seek approval from cabinet to cross ceasefire line in Kashmir as way of ending current conflict. Correspondent Ranjan Gupta says army increasingly annoyed by situation - i/ved. (Mng Rpt) FRUIT AND VEG REPORT with Miles Oldham.