Coronavirus

Business-related coverage of the coronavirus outbreak and how it affects New Zealand.

Auckland Airport shares halted as it weighs up travel ban
Paul McBeth | Thu, 12 Mar 2020

Trading in Auckland International Airport shares has been halted while the country’s main gateway works out what a ban on travel from Europe to the US means for its business.The company sought the halt just before 4pm, with the shares down 8.1 percent at $7.73. Like other travel-...

NZ shares bounce back as volatility reigns
Paul McBeth | Wed, 11 Mar 2020

New Zealand shares bounced back in early trading with 44 of the top 50 companies in the green.The S&P/NZX 50 Index was up 247.02 points, or 2.3 percent, at 11,144.49 at 11am in Wellington, following a strong lead on Wall Street as the S&P 500 rose 4.9 percent. Investors took hear...

Volatility to continue as markets fret about virus impact
Rebecca Howard | Wed, 11 Mar 2020

Volatility is expected to continue after New York announced it was creating a “containment zone” and the US federal government pledged "substantial” economic measures to help combat the fall-out from the covid-19 outbreak.Wall Street turned positive on the potential economic supp...

Financial advisers say their clients aren't panicking
Jenny Ruth | Tue, 10 Mar 2020

Financial advisers say very few of their clients are panicking about the carnage in financial markets as a result of the coronavirus crisis and even fewer are making changes to their investments."We've had a couple of clients increase their bond weightings a few days ago," said B...

Covid-19 headlines to dominate; eyes on ECB
Rebecca Howard | Mon, 09 Mar 2020

The coronavirus will remain front and centre of investor attention as it continues to spread across the globe.There are now 109,575 cases worldwide and 3,799 deaths have been reported, according to the Johns Hopkins virus tracker. Cases in the US are on the rise, with 474 people...

Covid-19 back in focus as global concerns escalate
Rebecca Howard | Fri, 06 Mar 2020

Covid-19 is back in focus and the local equity market may follow a tumble on Wall Street after California declared a state of emergency to combat the virus. “This emergency proclamation will help the state further prepare our communities and our health care system in the event...

Markets may lift as attention shifts to US politics from virus
Rebecca Howard | Thu, 05 Mar 2020

Markets may fare better after Wall Street got an overnight lift when Joe Biden overtook Bernie Sanders to be the new front-runner for the Democratic presidential nomination. “In an otherwise gloomy week for US equities, the resurgence of Joe Biden in the race for the Democrati...

Moa says earnings will still be positive despite downgrade
Jenny Ruth | Tue, 03 Mar 2020

Beer and cider maker Moa Group has downgraded its forecast annual operating profit although it still expects to post its first ever positive earnings before interest, tax, depreciation and amortisation result, thanks to its newly acquired hospitality venues. Now, the company e...


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