NZX companies closing down operations, estimating disruption costs

Tue, 24 Mar 2020

A raft of listed companies, including Precinct Properties, Kiwi Property, Metro Performance Glass, Evolve Education and Abano Healthcare's Lumino dental clinics, are closing down operations ahead of New Zealand going on lockdown from midnight tomorrow.Precinct said all its buildings and construction sites, which includes the Commercial Bay development at the bottom of Auckland's Queen Street and the Wynyard Quarter development on Auckland's waterfront, are in the process of "being safely and securely closed."All Precinct-operated offices in Auc...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Liquidators flag ‘problems’ with Hart-funded developer

The six-month report said unsecured creditors were facing losses exceeding $2.7 million.

Gregor Thompson 5:00am

Markets

Latest cap raise values Sharesies at $750m

In its eighth raise since 2017, Sharesies values its shares at $205 apiece.

Pattrick Smellie 5:00am

Latest cap raise values Sharesies at $750m

Energy

Home truths on gas supply from Amy Adams

Electricity generators have more alternatives than industrial users, says GIC chair.

Ian Llewellyn 5:00am

Home truths on gas supply from Amy Adams

Sponsored

Why New Zealand organisations need to rethink their cloud strategy

New Zealand organisations have embraced cloud computing over the past decade, but many are now confronting a sobering reality: adoption alone isn’t enough. According to Datacom’s 2025 Cloud & Infrastructure Report, only half of New Zealand businesses say they’ve realised the benefits they expected from cloud – despite significant investment.

Datacom

Sponsored