Markets Breaking News

Air NZ delays capital raise to Sept

Pattrick Smellie
Fri, 09 Apr 2021

Pattrick Smellie
Fri, 09 Apr 2021
Air New Zealand is to delay its planned capital raising by up to three months, with the completion date shifting from June 30 to Sept. 30.The move reflects numerous factors, including the progress of the covid-19 pandemic, vaccination programmes and the opening of the trans-Tasman bubble."In light of these evolving circumstances, the crown and the company have agreed it would be appropriate to defer the equity capital raise allow time to assess these evolving circumstances further," said the airline's chair, Dame Therese Walsh in...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Pet food millionaire snaffles Taupō racetrack
Pattrick Smellie | Sat, 17 Apr 2021

Tony Quinn is adding Taupō's Bruce McLean Park to the motorsport facilities he already owns at Hampton Downs and Highlands.

Markets Exclusive
Market regulator blasts Australian 'culture of leaks'
Dan Brunskill | Sat, 17 Apr 2021

Leaks are threatening market integrity and should not be tolerated, NZ RegCo says.

The traditional office is dying a slow, painful death
Jehan Casinader | Sat, 17 Apr 2021

The modern workplace has been through various iterations in recent decades, but no one questioned why it existed in the first place.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.