Express package and information management company Freightways said its net profit fell by 25 per cent to $47.4 million in the June year and that it would not pay a final dividend due to the uncertainty surrounding the Covid-19 pandemic.... Source: NZ Herald Business News
AMP chairman David Murray has resigned, while Boe Pahari has stood down as AMP Capital chief executive, both effective immediately, in response to shareholder revolt over the handling of a 2017 sexual harassment case at the financial... Source: NZ Herald Business News
A discount retail chain and its main supplier, a related entity, have been placed into receivership following a dispute between shareholders.Price Wise Limited, trading as Pricewise with 16 stores nationwide, and distributor, Zenith... Source: NZ Herald Business News
COMMENT: New Zealand relies on stable and predictable market access to support the livelihoods of thousands of Kiwis so it's critical in these uncertain times that we reject protectionism, uphold our ambitions to liberalise trade... Source: NZ Herald Business News
Auckland's CBD business association recorded a loss of 60 per cent compared to last year.The $257.7m loss was recorded for the quarter ending June 30.Heart of the City say eliminating the Covid-19 virus does not mean eliminating... Source: NZ Herald Business News
New analysis shows how hard the country's biggest city has been hit by Covid-19, with 89 per cent of Auckland businesses collecting the Government's subsidy.This is significantly higher than the national average, estimated at 75... Source: NZ Herald Business News
Rolls-Royce is expected to plunge into the red when the famed engineer reports a £1bn-plus loss ($2 billion - plus) at its half-year results this week.The FTSE 100 company has been hammered by collapsing demand for air travel, causing... Source: NZ Herald Business News
Some United States-based users of WeChat are suing President Donald Trump in a bid to block an executive order that they say would effectively bar access in the US to the hugely popular Chinese messaging app.The complaint, filed... Source: NZ Herald Business News
A probe into the finances of the organisers of next year's America's Cup is set to come to a head, with the final report by forensic accountants due to be submitted to the Government this week.At the start of July, the Ministry... Source: NZ Herald Business News
One in five Auckland small and medium businesses report they will not survive another lockdown, as CBD retail revenue dropped $19 million in the first week of lockdown two.The Auckland Business Chamber has conducted a survey of... Source: NZ Herald Business News