Economy

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Investors buoyed by Serko, Tourism Holdings updates
Services

Investors buoyed by Serko, Tourism Holdings updates

Investors welcomed the latest updates from online travel app maker Serko and rental RV operator Tourism Holdings, both of which have been at the pointy end of the covid-19 travel restrictions.Serko shares climbed 10.5 percent to $2.10 after the company said it’s cutting costs to...

Paul McBeth 03 Apr 2020
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Worldline
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SkyCity lays off 200, eyes another 700 job losses if things don't change
Economy

SkyCity lays off 200, eyes another 700 job losses if things don't change

SkyCity Entertainment Group said lost revenue and high costs could see it lay off about 900 staff if the outlook doesn't improve in the next three months.The company is already laying off 200 salaried employees and has asked its hourly-rate or waged employees to take a 20 percent...

Rebecca Howard 03 Apr 2020
Publishers grapple with magazine decision: some leave, some adapt
Services

Publishers grapple with magazine decision: some leave, some adapt

The government's decision on Tuesday that printers are not part of the supermarket supply chain and must therefore close during the national lockdown has meant that magazines are the only product in that supply chain not deemed essential.Part of the fallout from that decision cam...

Jenny Ruth 03 Apr 2020
Z cancels dividend, in talks with banks
Infrastructure

Z cancels dividend, in talks with banks

Z Energy has cancelled its final dividend, stopped non-essential capital spending and is in talks with its banks for more working capital flexibility as it negotiates the covid-19 lockdown and volatile oil and foreign exchange markets.New Zealand’s biggest fuel seller today narro...

Gavin Evans 03 Apr 2020


Pattrick Smellie
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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