New Zealand Business News from April 2020 - Briefly.nz

Business

New Zealand had $672m trade surplus in March

Radio New Zealand

29 Apr

Resource consent applications for Costco store at Westgate approved

29 Apr

Steel & Tube is making 150-200 employees redundant

Radio New Zealand

28 Apr

BNZ reports improved half-year profit

Radio New Zealand

28 Apr

Bunnings' appeal over lowest price claim charges thrown out of court

25 Apr

The Warehouse ask some employees to accept 10 to 20% pay cut

24 Apr

Coal company Bathurst Resources loses appeal over $60m mining permits payment

24 Apr

Air New Zealand cancels Auckland to Buenos Aires service, delays launch of non-stop Auckland to New York service until late 2021

24 Apr

NZX has technical issues while trading volume at record high

22 Apr

Air New Zealand adds additional domestic services for level 3 lockdown

Radio New Zealand

22 Apr

Spark on track to meet profit expectations despite closure of retail stores

Radio New Zealand

22 Apr

Fire and Emergency New Zealand find SkyCity International Convention Centre fire was accidental

Radio New Zealand

22 Apr

Berry farm and director fined $120k for employment breaches relating to migrant workers

22 Apr

The Warehouse to cut salaries; cannot reopen stores until alert level 2

Radio New Zealand

18 Apr

Silver Fern Farms reports $70m profit with higher exports to China

16 Apr

2degrees proposes reducing workforce by 10%

15 Apr

Burger King New Zealand in receivership

14 Apr

Fletcher Building gets $66m from wage subsidy scheme

14 Apr

NZME eliminates positions as advertising revenue falls

Radio New Zealand

14 Apr

Airways considering closing seven regional air traffic control towers

Radio New Zealand

09 Apr

High Court rules Cryptopia investors are entitled to cryptocurrencies in their accounts

09 Apr

High Court rules oil storage and production vessel Umuroa cannot be removed from Tui field off Taranaki coast

08 Apr

New World stores to pay back wage subsidy

07 Apr

Fonterra Australia sells mothballed milk powder plant in Dennington

06 Apr

Kiwi Property cancels dividend to preserve cash

06 Apr

Fletcher Building cuts workers pay during lockdown

06 Apr

Auckland Airport raising up to $1.2b in share placement and purchase plan

06 Apr

600 jobs lost as Virgin Australia shuts New Zealand operations

Radio New Zealand

05 Apr

American Airlines postpones launch of LA to Christchurch and Dallas to Auckland routes

04 Apr

American Airlines to resume flights between LA and Auckland in October

Radio New Zealand

04 Apr

Z Energy cancels dividend payout

Radio New Zealand

03 Apr

SkyCity makes 200 redundant, employees asked to accept pay cuts

03 Apr

Bauer spokesman says company offered magazine business to the Government for $1

03 Apr

Hawke's Bay Seafoods fined $40k for underpaying workers on fishing boats

The Dominion Post

03 Apr

Commerce Commission approves T&G Global purchase of Freshmax Group

02 Apr

Napier company fined $236k fine after worker loses fingers in mechanical press

The Dominion Post

02 Apr

New Zealand banks will not pay dividends until economy recovers

02 Apr

Bauer Media Group to close magazine publishing business in New Zealand affecting all staff

02 Apr

Air New Zealand cuts domestic flights by 95%

Radio New Zealand

02 Apr

Banks offering loans backed by government's Business Finance Guarantee

02 Apr

Fletcher Building proposing pay cuts for workers during lockdown

Radio New Zealand

02 Apr

Harvey Norman not paying rent on some stores while closed

01 Apr

Mediaworks asks staff to take voluntary 15% pay cut

Radio New Zealand

01 Apr

Kathmandu raising $207m in pre-emptive action to strengthen company during market uncertainty

01 Apr

Costco investing $100m in Auckland store; Overseas Investment Office approves land purchase

01 Apr

Retailers reopen online stores for essential goods

01 Apr