Listed Companies
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Primary Sector
Two Fonterra Edendale workers test positive for covid-19
Dairy giant Fonterra Cooperative Group has temporarily closed its Edendale distribution centre in Southland for 48-hours to allow for deep cleaning after two workers tested positive for covid-19.Fonterra was declared an essential service when New Zealand moved to the alert level...
Services
Metlifecare $1.49b deal off, shares slump 17.7%
Shares in retirement village operator Metlifecare slumped 17.7 percent to $3.50 in early trading on the NZX this morning following notification late last night that the $1.49 billion takeover bid from European buy-out firm EQT is being called off.The deal to put the New Zealand o...
Property
Fletcher tells workers, take up to 70% pay cuts or no wage subsidy
Fletcher Building has been telling some employees and First Union that staff have to agree to its sweeping pay cuts of up to 70 percent before it can apply for the government's 12-week wage subsidy.BusinessDesk has sighted a number of email exchanges between the union, a staff me...
Infrastructure
Tilt Renewables to return A$260m to shareholders in buyback
Tilt Renewables will return A$260 million to shareholders via a pro-rata buyback at a time when other companies are asking for more capital. The renewable energy developer is flush with cash, having sold its Snowtown 2 wind farm in December, when it pocketed A$455 million. It...
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