Abano takeover scrapped as clinics closed; shares drop 13.9%
The takeover of Abano Healthcare has been scrapped and the company has now closed all its Australian dental clinics due to the covid-19 outbreak.Abano shares are down 32 cents, or 13.9 percent, at $1.99 and have dropped 61.7 percent year to date.The fight against the covid-19 vir...
Pleas mount for govt to relax insolvency law
Australia's already done it, the experts are saying we have to have it, the Institute of Directors has started a petition begging for it, the relevant government department says it's working on it and Finance Minister Grant Robertson has acknowledged "this issue has been raised s...
NZ dollar gains on US rescue package euphoria
The New Zealand dollar made further gains, driven by Wall Street euphoria over the US government's US$2 trillion stimulus package, but futures pricing suggests US equity gains may be trimmed and the kiwi's with them. Two days into New Zealand's lockdown to try to prevent the s...
Many firms refuse to pay rent through the crisis
Many large businesses have unilaterally informed their landlords that they won't be paying the rent through the nation's lockdown and that could devastate the commercial, industrial and retail property sectors, the Property Council New Zealand said.The council represents the owne...
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