Services
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Coronavirus
NZME eyes 2021 dividend after covid tightening
NZME is putting dividends on the table next year after whipping the business into shape – with the help of government money – in response to the covid-19 pandemic.The publisher of the NZ Herald newspaper and operator of The Radio Network stations stripped $20 million from its cos...
Freightways scraps final dividend due to ongoing uncertainty
Freightways won’t pay a final dividend after its net profit fell 25 percent and amid ongoing uncertainty about the economic impact of covid-19. "The board feels the prudent course of action is to not declare a final dividend for FY20 given the uncertainty in both the New Zeala...
Finance
Cautious banks slow mortgage applications
Banks are taking five times longer to process mortgage applications than before the coronavirus crisis started and are seeking far more information on borrowers, mortgage brokers say. Bruce Patten at Loan Market said his service level agreement with one bank was that it would...
Theresa Gattung: Covid's been a boom for My Food Bag
She calls it living a portfolio life.Former Telecom chief executive Theresa Gattung is more recently known as a co-founder of at-home meal-kit maker My Food Bag. She is the chair of insurer AIA Sovereign in Australia and New Zealand, she founded a kiwi offshoot of female entrepre...
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