Coronavirus
Business-related coverage of the coronavirus outbreak and how it affects New Zealand.
Primary Sector
Sky TV, Scales and Sanford soldier on as essential businesses
Fishing company Sanford, apple marketer Scales and Sky Network Television have all been classed as essential services and will continue operating through the national lockdown aimed at stemming the spread of the covid-19 virus.Sky said it had reduced its on-site resources to "ess...
Infrastructure
Fletcher cancels dividend, suspends buyback, withdraws guidance
Fletcher Building is withdrawing its annual profit guidance, cancelling its first-half dividend and suspending its share buyback programme to focus on preserving liquidity through the coronavirus crisis. The company has also paused the process of selling its Rocla business....
Infrastructure
Aurora gets virus extension on $5m fine
Dunedin electricity distributor Aurora Energy has gained additional latitude over the payment of almost $5 million of penalties due to the coronavirus crisis.The firm, which is planning a $400 million, three-year programme to catch up on over-due maintenance and meet a surge in d...
Economy
Free
One at a time at the dairy; NZ Steel and pulp mills curtailed
Officials working frantically on the definition of 'essential' service businesses issued a new round of definitions last night while trade union leaders lambasted reports that some employers are forcing employees to take annual and sick leave during the four-week national lockdow...
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