As someone who lost a chunk of my income when the NZ Listener shut down three weeks ago, news of the government’s $50 million support package for the media is bittersweet.
KPMG has asked staff to take a 15 percent pay cut, calling it a “salary sacrifice” needed since it doesn’t qualify for the government wage subsidy. It is also cutting partner drawings by 20 to 40 percent, a move in line with two other big four accountants, EY and PwC. However, th...
Stock exchange operator NZX said it has hired accounting firm EY to conduct an independent review of its technical problems over the last six trading days and is reviewing a range of hardware upgrades to increase processing throughput.It is also working with clearing system vendo...
Spark New Zealand still expects small earnings growth and plans to keep paying dividends, despite the covid-19 pandemic and national lockdown denting sales. The country’s biggest telecommunications company reaffirmed guidance for earnings before interest, tax, depreciation, am...