Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Markets
Auckland Airport to raise up to $1.2 billion in new equity
Auckland Airport is to raise $1.2 billion of new capital to reinforce its balance sheet as it weathers covid-19.“The covid-19 pandemic has had a significant impact on Auckland Airport’s operations and will continue to do so under the current border restrictions and through the su...
Markets
WAKE UP NZ: Tentative optimism from Ardern may cheer local investors
Domestic investors may be cheered up by tentative optimism from the government on stabilising levels of the covid-19 outbreak in New Zealand, although dismal US jobs data may curb any appetite for risk-sensitive assets. Prime Minister Jacinda Ardern yesterday said “we made a...
.jpg)
Primary Sector
Queues grow for meat processing space
Meat companies Silver Fern Farms and Alliance Group are reporting a “dramatic lift" in livestock numbers waiting to be processed as their plants are down to half capacity under covid-19 rules.In a note to its suppliers yesterday, Silver Fern Farms said queue times at its 14 plant...
Infrastructure
Government agrees to pay construction contractors early
Government agencies have agreed to pay construction contractors early to ensure cash continues to flow through major project supply chains, as part of a joint government sector covid-19 response plan. Rapid payment is one of a raft of kick-start initiatives being worked throug...
-(2).jpg)
.jpg)
.jpg)
Prev
