News in Brief
News in Brief
NZ businesses reeling, confidence shattered
Covid-19 has shattered business confidence with a net 61 percent of firms expecting lower activity in the year ahead in ANZ’s preliminary April data. The number was 34 points lower than the March read.Headline business confidence fell another 9 points to 73 percent of businesses...
Rakon to meet earnings guidance
Rakon expects to report underlying earnings before interest, tax, amortisation and depreciation of between $9 million and $11 million in the year ended March 31 once it completes its final accounting and audit, meeting earlier guidance.That’s despite uncertainty about its supply...
Dean Bracewell to join Air NZ board
Former Freightways managing director Dean Bracewell will join the Air New Zealand board from April 20, the airline said today.Air NZ has also appointed the former global CEO of Avis Budget Group Larry de Shon.The appointments are to fill the vacancy left by John Key, who retired...
FMA halts misleading covid-19 ads
The Financial Markets Authority has forced the removal of two advertorials posted by a financial adviser suggesting people need health insurance to cover emergency covid-19 hospitalisation. The ads were posted on Chinese language social media platform WeChat. The regulator said...
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