Restaurant Brands Q2 sales hit by covid-19

Staff reporters
Wed, 29 Jul 2020

Restaurant Brands said its Q2 sales were “materially impacted by government-mandated trade restrictions implemented in response to covid-19.”  Total sales for the KFC and Pizza Hutt operator in the three months to June 30 were $183.3 million, down 11 percent on the year.  All stores in New Zealand were closed between March 25 and April 28 and only open for delivery and drive through until May 14.Second quarter total sales for New Zealand were $76.6 million, down 28.8 percent on the year.  In Australia, second quarter...
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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