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Why we must all use the covid tracer app, by Andy Fyers

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Lockdown's $265 million cost for The Warehouse

Rebecca Stevenson
Thu, 15 Oct 2020

Rebecca Stevenson
Thu, 15 Oct 2020
The level 4 lockdown cost The Warehouse Group $265 million in lost sales.The retailer today reported net profit attributable to shareholders of $44.5 million for the year ended Aug. 2, thanks to the government wage subsidy. Profit was down 32 percent on 2019.The NZX-listed retailer said it would have posted a $4.3 million loss if the $67.8 million wage subsidy it received for its three brands - The Warehouse, Noel Leeming and Torpedo7 - was stripped out.It said, on average, the wage subsidy equated to about 55 percent of its normal wage and sal...

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F&P Healthcare knocked by strong kiwi; covid saps stock market
Paul McBeth | Tue, 27 Oct 2020

Covid and election uncertainty weighed on markets across Asia, while the kiwi at a month high weighed down exporters. 

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Banks, trading houses may join market makers next year.

Markets Market open
Dire Wall St to weigh on local market
Rebecca Howard | Tue, 27 Oct 2020

Exporters like Fisher & Paykel Healthcare and A2 Milk and companies with US exposure such as Pushpay Holdings will be in for a rocky start as global investors turn defensive on rising covid-19 cases and fading US stimulus hopes. “It has been ‘risk off’ start to the week with inve...

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