Economy
Explore the latest economy news by BusinessDesk
Finance
Anomalies in share trading ahead of capital raisings
The market is getting the rash of deeply discounted capital raisings it expected as the coronavirus crisis ravages the economy, but a few strange anomalies in share trading ahead of announcements are already evident.Take Vista Group International's $65 million raising announced o...
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Primary Sector
Essential food processors take massive wage subsidies
Primary food processors deemed essential under government’s lockdown restrictions, have received wage subsidies totalling about $90 million.The Ministry of Social Development’s online tool, developed to promote transparency of payments under the scheme, shows that the two major m...
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Coronavirus
Life at Fonterra under level 3 will feel like level 4
Fonterra Cooperative Group won’t be removing controls too early even if the government does loosen the lockdown conditions early next week.“Should the alert be revised to level 3, it will feel much the same as level 4 for Fonterra employees,” chief executive Miles Hurrell said. F...
Services
Longer locks still flowing as hairdressers remain closed
An estimated 20,000 hairdressers and professional barbers won’t be picking up their scissors until level 3 restrictions are lifted, under government protocols for protecting non-essential workers. Under the terms of alert level 3, outlined today by the government, service busines...
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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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