Economy
Explore the latest economy news by BusinessDesk
Economy
Card spending weak, more pain to come
The tourism and hospitality sector is sounding alarm bells about potential collapse and today’s electronic card spending data shows just how dire the situation is.Card spending on travel fell 53 percent or $66 million in March versus February. The fall is three times bigger than...
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Coronavirus
Summerset sales steady but too early to see impact of covid-19
Summerset Group’s first-quarter sales were steady, but only included one week of the level 4 alert lockdown period, and it said it can't predict the impact on sales in the next three months.The retirement village operator and developer sold 141 occupation rights in the March quar...
Infrastructure
Fulton Hogan asks staff to take 2 weeks leave
Fulton Hogan is asking its estimated 5,000 New Zealand employees to take two weeks annual leave in April, despite receiving the government's wage subsidy to help it manage through the coronavirus crisis and national lockdown.Chief executive Graeme Johnson made it clear in a video...
Markets
MARKET OPEN: Investors may be cheered heading into Easter
The final trading day before the four-day Easter weekend may be a positive one as investors remain hopeful that covid-19 containment measures are bearing fruit. Several badly affected European countries look to be reaching a peak in new cases. In New York – the epicentre of 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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