Pandemic saps appetite for making deals

Pandemic saps appetite for making deals
Paul McBeth
Takeover activity has all but dried up as the global pandemic ends the 11-year bull run on financial markets. Big name deals already close to being finalised will still probably get over the line, but Chapman Tripp partner Tim Tubman - who heads up the firm's corporate and commercial group - said there aren't any new deals coming to market. "They're getting pulled left, right and centre. Or just not starting," Tubman said. People are pressing ahead with deals that are close to being completed, he said."You're not seeing big name casua...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.