Latest fromBusiness around NZ

What happened to house sales during lockdown: REINZ
Lockdown sales highest in Auckland, Canterbury, Wellington.

Jilted Metlifecare v $1.49b suitor: bitter exchange emerges
Documents from both parties were posted on the NZX today.

Corrections claims Aussie builder was a year late amid $12m battle over NZ prisons contract
Contract for new prisons struck in 2017, builder now in liquidation

Liquidator wants $12.5m from Corrections NZ
Court examinations could reveal more about termination - liquidator

Shotover Jet, top attractions to close as Ngāi Tahu Tourism cuts 300+ jobs
Christchurch-headquartered powerhouse Ngāi Tahu Tourism not immune to Covid-19.

House-moving bookings sky rocket as level 3 approaches
"Lots of people were in tears, trying to cope ... when they couldn't get their stuff."

Construction workers ready to dig in on transport projects
AT has also made advanced payments to contractors to help keep workers employed.

Local Focus: Taupō businesses preparing for alert level 3
Only some businesses can begin trading on Tuesday. Made with funding by NZ On Air.

Fire and Emergency hits back in SkyCity blaze controversy
Subcontractor releases statement strongly rejecting fire report out this morning.

Call by subcontractor to withdraw SkyCity fire report rejected
Fire and Emergency NZ said many of MPM's concerns were brought to its attention.

Reserve Bank to axe loan-to-value ratios
LVRs were first introduced in October 2013 to curb an overheated housing market.

Rich Americans flee to NZ to try to escape spread of Covid-19
Vivos has installed a 300-person bunker in the South Island.

Jilted Metlifecare digs in for stoush with absconding bidder
No material change to outlook - Metlifecare

Pandemic fears wipe $290m off Kiwi Property assets
"Uncertain environment is likely to continue" - Kiwi CEO

'Economic carnage': Mall owners decry lockdown continuation
"We're now faced with just an outright 'you're closed'," - NZ Council of Retail Property.

Auckland Council's 'silver lining' - no mooring dolphins?
The tide has gone out on international tourism.

House buyers, sellers, tenants - what level 3 alert means
Clarity provided by Government on how real estate agents and managers can operate.

Smoko to get lonely: how Fletcher will get back on the tools
"New hygiene measures, physical distancing, contact tracing" - Reidy

Leaders back construction 'mega-comeback' later next week
'The matua is hoping for a mega-comeback' - Shane Jones

Government aiming to avoid Great Depression slump - economist
Alexander hosted on EndVision webinar this morning

Eliminating Covid-19 in NZ is 'pie in the sky' fantasy: Former finance minister
Steven Joyce says we won't understand huge lockdown damage until later.

MediaWorks boss: 'We've had a number of people pick up Covid'
Media company reveals staff have contracted coronavirus.

Real estate agents get $6m+ wage subsidy lifeline
Cash-starved real estate agencies estimated to see around $3 billion of sales vanish.

NZ seeing 'immense economic destruction', plea to PM to listen
One of New Zealand's biggest landowners is forgoing millions of dollars in rent.

New nine-year low: Coronavirus' impact on property market
REINZ has issued national house sales data for March.

Covid-19: Westpac flags A$1.4b hit
Money laundering compliance issues, customer refunds and asset write-downs take their toll

Local Focus: Taupō businesses face uncertain tourist future
Will domestic tourists make up for internationals? Made with funding from NZ On Air.

Home truths? Where property prices may head after lockdown
Pandemic housing market toll: 6 to 9 per cent price drops forecast

Covid-19: Mitre 10 confirms job losses
Cuts affect 5 per cent of Mitre 10's support centre team who were on fixed-term contracts.