Economy
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Retail
AFT guides to upper end of forecast as virus boosts sales
AFT Pharmaceuticals is reporting brisk demand for its cold and influenza-related medicines amid the unfolding coronavirus crisis, although that may not be enough to fully offset the supply-chain disruptions it is grappling with."As news of the covid-19 outbreak emerged at the sta...
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Retail
Restaurants, cafes report plummeting patronage
Patronage of the country's restaurants and cafes is well down with some reporting losses of up to 60 percent, according to the Restaurant Association of New Zealand."We've fielded many calls from members saying they've noticed sharp declines," association chief executive Marisa B...
Retail
Pump prices fall; duration hard to pick - Z Energy
Petrol prices are down across the country but Z Energy says it's too soon to say whether yesterday’s plunge in crude oil prices has further to run or how long it may last.Brent crude oil dropped more than 20 percent yesterday after Saudi Arabia kicked off a price war with Russia...
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Markets
Kiwi shares tumble almost 5% in early trade
The S&P/NZX 50 Index fell almost 5 percent in early trading as the steep plunge on Wall Street had investors heading for the door. The benchmark index was down 4.9 percent or 539.75 points to 10,552.20 at 10:30 am. “We are just now starting to see some investors panic a bit on th...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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