Retail
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Economy
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Ministers hint at cashflow grants in Budget for SMEs
Ministers are considering cashflow replacement grants for small and medium-sized businesses hard-hit by the lockdown required to beat the covid-19 virus.
Listed Companies
Restaurant Brands finds flavour with investors
Kiwis will emerge from lockdown hungry for their favourite fast food, a fact that has not been lost on the investment community. Shares in Restaurant Brands NZ, owner of KFC in New Zealand, have climbed steadily since lockdown began, up 30 cents yesterday at $11.30, and an in...
Michael Hill regears for post-covid trading
Jewellery chain Michael Hill International says it has the balance sheet to trade through the covid–19 crisis and emerge with a new digital focus, although the closing of all stores has forced a considerable slimming down of the business. Trading in all stores was temporarily ...
Infrastructure
2degrees to lay off 120 staff, slash costs as covid-19 hits revenue
Two Degrees Mobile will lay off 120 staff as part of a wider cost-cutting drive to offset the decline in revenue brought on by the covid-19 crisis.The country’s third mobile player said it’s working through a range of initiatives to strip out costs and plans to cut its 1,200-stro...
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