Flight Centre axes 20% of NZ staff; parent drops dividend
New Zealand’s largest travel agency said it will make 250 workers redundant from today, following government advice not to travel to limit the spread of covid-19. Flight Centre NZ said 250 of the 1,200 staff it employs would be jobless from today, as the company temporarily close...
SkyCity scraps guidance and shuts Adelaide casino; shares hit all-time low
SkyCity Entertainment Group has withdrawn its annual earnings guidance as it shuts down its Adelaide Casino and prepares to close its New Zealand operations.Shares in the casino operator plunged to an all-time low $1.25 this morning, and were recently down 17.1 percent at $1.26,...
Sports feeling the pinch as TV, gambling revenues dry up
The country’s sporting organisations may need a helping hand to get them through the covid-19 outbreak as suspended competitions halt not only broadcasting revenues, but also their share of betting income. While suspended television rights have dominated the headlines with mar...
Regulators relax rules to help out public companies
The Financial Markets Authority and NZX are relaxing their rules to help companies during the coronavirus outbreak. The markets regulator is giving listed companies extra time to file accounts, while the stock exchange operator will make it easier for firms to raise cash. The FMA...
.jpg)
.jpg)
Prev
