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Infrastructure
Ports, truckers warn of looming freight blockages
Ports and freight handlers have signalled the need to keep all cargoes moving off the country’s wharves to ensure essential supplies can continue to get delivered.The Road Transport Forum today urged the government to take a pragmatic approach in the current lockdown to ensure th...
Coronavirus
Air NZ runs mercy flights for Germans escaping Canada
Air New Zealand is sending pilots and crew to Vancouver today to charter flights for the German government. A source close to the operation told BusinessDesk the national carrier will charter 25 flights from Vancouver to Frankfurt in a four-week operation for the German governmen...
Property
Metlifecare confident takeover going ahead; Augusta deal canned
Metlifecare says the $1.49 billion takeover bid from European buy-out firm EQT is still on the table, although investors don’t appear to agree, as the shares slumped 19.1 percent. And while Augusta Capital’s $180 million deal is off for now, its shares were only down 4.2 perce...
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Economy
Warehouse shares plunge, bakeries shut on essential services update
Warehouse Group shares fell 18 percent after it confirmed its 92 "Red Shed" general merchandise stores wouldn't be staying open during the covid-19 lockdown.Confusion has reigned over the past few days as businesses have scrambled to work out which are essential services and can...
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