Bleak winter on the cards for business

Is this the winter of discontent for businesses? (Image: Getty)

Thu, 10 Mar 2022

New Zealand businesses have largely weathered the covid-19 pandemic, but the rapid pace of inflation and increasingly tight access to credit may soon sort out the viable from the vulnerable.Customer-facing businesses have been at the forefront of those sounding warnings that they need more of a lifeline to get through the omicron outbreak, which has infected more than 200,000 and forced firms to shut their doors as they struggle to find workers to serve the few customers willing to venture out.Business confidence has slumped and firms are strug...

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Markets Market close

NZ sharemarket up 0.4% to end the week

The S&P/NZX 50 Index closed at 11,794.81, up 48.15 points or 0.41%.

Graham Skellern 6:12pm

Infrastructure

Work on first seven roads of national significance begins

The Govt is prioritising 17 Rons as part of its $22b land transport plan.

Rebecca Howard 11:30am

Work on first seven roads of national significance begins

Retail

Liquidators investigate sale of three Pizza Hut stores

Maloita sold three Wellington Pizza Hut stores prior to its liquidation.

John Anthony 10:30am

Liquidators investigate sale of three Pizza Hut stores

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Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.

Rebecca Howard 11:00am

Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024