Economy
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Markets
No need to leave middle seats empty, pilots say
The New Zealand Pilots’ Association sees no reason for social distancing measures that would leave middle seats empty on aircraft. “Evidence suggests the risk of transmission on board aircraft is extremely low,” NZALPA president Andrew Ridling said. “NZALPA believes that t...
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Coronavirus
AFT lifts operating profit, forecasts growth of up to 58% this year
AFT Pharmaceuticals reported annual operating profit near the top end of guidance and is forecasting underlying growth of up to 58 percent in the current year. The company, which owns the Maxigesic brand of tablets combining paracetamol and ibuprofen and related products, repo...
Property
Argosy notes covid risks, maintains dividend
Property investor and manager Argosy Property said it has provided tenants about $2.8 million in rent abatements during the past seven weeks.
Coronavirus
Fletcher to cut 1,500 jobs; sees 30% drop in building consents
Fletcher Building will cut 10 percent of its workforce, or 1,500 jobs, as it prepares for a sharp downturn due to covid-19.
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Pattrick Smellie
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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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