Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Covid-19 hit: not as bad as we expected?
Coronavirus

Covid-19 hit: not as bad as we expected?

Signs are emerging that the economic hit from covid-19 might not be as bad as expected, although what actually happens is far from clear.

Rebecca Howard 04 Jun 2020
Fonterra appears to have seen the error of its ways on bill paying
Coronavirus

Fonterra appears to have seen the error of its ways on bill paying

Fonterra appears to have seen the error of its ways when it come to paying its bills, if Small Business Minister Stuart Nash is to be believed.

Jenny Ruth 04 Jun 2020
Tourism Holdings shares jump as Waitomo gets govt subsidy
Coronavirus

Tourism Holdings shares jump as Waitomo gets govt subsidy

Tourism Holdings shares jumped after its Discover Waitomo business was named as one of the first recipients of the government's $400 million tourism support fund. The Waitomo caves operation will receive up to $4 million to keep the business alive as the nation's borders remai...

Dan Brunskill 04 Jun 2020
Vista plans to save up to $15m from staff layoffs
Coronavirus

Vista plans to save up to $15m from staff layoffs

Vista Group International said it wants to cut annualised costs by between $12 million and $15 million through laying off staff as cinemas - who account for more than 80 percent of its customers - are still largely closed. "We are operating in a situation where we do not know whe...

Jenny Ruth 04 Jun 2020