MARKET CLOSE: NZ shares snap three-day rally as investors weigh up lockdown
By Dan Brunskill | Fri, 27 Mar 2020
New Zealand shares snapped a three-day rally in volatile trading, as investors continue to assess the fallout from the level 4 shutdown and as higher bond yields reduce the attraction of companies tha...
NZ dollar gains on US rescue package euphoria
By Jenny Ruth | Fri, 27 Mar 2020
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 k...
Subsidies rolling out fast; some 75%+ of workers at home
By Rebecca Howard | Fri, 27 Mar 2020
The government had already paid around $1.5 billion under the wage subsidy scheme by Thursday and that number has likely already more than doubled as it represented less than half of already approved...
Many firms refuse to pay rent through the crisis
By Jenny Ruth | Fri, 27 Mar 2020
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 propert...
Essential services Chorus, King Salmon stick to earnings outlook
By Paul McBeth | Fri, 27 Mar 2020
Telecommunications network operator Chorus and fish farmer NZ King Salmon are sticking to their earnings forecasts, despite the national lockdown.Both companies are deemed essential services and have...
