Kiwi companies warn of coronavirus headwinds

Kiwi companies warn of coronavirus headwinds
Dan Brunskill
A cross-section of Kiwi firms has warned containment measures to prevent the spread of covid-19 have disrupted supply chains and are looming over earnings.Investors have been keenly anticipating company updates on the impact of the global epidemic since it started dominating headlines last month.That uncertainty ahead of domestic corporate earnings season weighed more heavily on travel and tourism stocks, although they recently found reprieve in a more benign outlook by the Reserve Bank and speculation that the pace of contagion may have peaked...

More Coronavirus

Covid projects 'let down' by 'absence of clear records'
Policy

Covid projects 'let down' by 'absence of clear records'

The auditor general says too little was documented about why decisions were made.

Pattrick Smellie 13 Dec 2023
MicroGEM parent owes $44m according to UK liquidator
Finance

MicroGEM parent owes $44m according to UK liquidator

The court ruled the company made unlawful deductions from wages.

Riley Kennedy 30 Oct 2023
MicroGEM’s staff went 222 days without pay before resigning
Finance

MicroGEM’s staff went 222 days without pay before resigning

Personal grievances, threatening emails and now a director wants to start again.

Riley Kennedy 17 Oct 2023
Govt scraps last remaining covid-19 rules
Coronavirus

Govt scraps last remaining covid-19 rules

Due to falling risk, the government has done away with the remaining covid-19 public health requirements, effective overnight.The last rules on seven days of mandatory isolation and wearing face masks when visiting health care facilities will no longer apply from midnight Monday....

Staff reporters 14 Aug 2023