Aug 14, 2020 | 12:59 PM | NZST
It all began when Epic Games released an updated version of Fortnite that tricked with payment options in Apple's and Google's app store, creating a tiff between two huge companies. Apple removed one of the world's most popular games from its App Store. Now the players cannot install the game on their iPhones.
Epic was also quick to file a legal complaint minutes after the removal of the game from Apple store. Google followed Apple and removed this app from its app store too.
Aug 14, 2020 | 12:43 PM | NZST
On 13 August 2020, the Ministry of Health reported fourteen new cases of COVID-19 in the country, all linked to the four people from the same family in Auckland previously reported, bringing the total number of active cases to 36 (17 cases linked to the recent outbreak).
Owing to the resurgence of four new cases of community transmission in Auckland on 11 August, Auckland was plunged back into an Alert Level 3 lockdown, and rest of the nation into Level 2 at midday from 12 August 2020.
Although numbers are pretty small in comparison with rest of the world, the NZ government is believed to follow “go hard, go early” and rub off COVID-19 from the nation.
Furthermore, with the increasing COVID-19 community transmission cases it is unlikely that these restrictions would be lifted in a day or two.
Aug 14, 2020 | 12:43 PM | NZST
ikeGPS Group Limited (NZX:IKE) has announced successful completion of the retail component of its fully underwritten 1 for 7 accelerated non-renounceable entitlement offer to raise approximately NZD 4.1 million. It was offered to eligible shareholders and closed on 11 August 2020.
The offer received strong support and closed oversubscribed. Eligible shareholders took up 66 per cent of their entitlements—those who took up their full entitlements also looking for an additional NZD 1.6 million of new shares.
Aug 14, 2020 | 12:42 PM | NZST
Fletcher Building Limited (NZX:FBU) has appointed Nick Traber as Chief Executive of Concrete division, and he shall replace Ian Jones who will remain with the company. Nick Traber has previously worked with LafargeHolcim, one of the world’s top producers of cement, aggregates, ready-mix concrete and building solutions and products.
Ian Jones shall stay in his current role over the next months to support the leadership transition to Nick.
Aug 14, 2020 | 12:42 PM | NZST
For the financial year ended 31 March 2020, Evolve Education Group Limited (NZX: EVO) reported total revenue of $140.6 million as compared to previous year’s revenue of $137.17 million. In FY20 the company reported underlying EBITDA of $8.2 million, which is ahead of the guidance range of $6 million to $6.5 million.
The company has also increased its operations in Australia with the acquisition of 10 centres as well as setting up of the Australian support office in Queensland.
Aug 14, 2020 | 12:41 PM | NZST
Auckland International Airport Limited (NZX:AIA) has reported a decline of 84.9% in total passenger volumes in June 2020 as compared to last year. International passengers decreased by 97.0%, transit passengers decreased by 96.5%, and domestic passengers decreased by 70.9%.
In the month of July, the total passenger volumes decreased by 70.8%, as compared to last year. International passengers (excluding Transits) decreased by 96.9%, transit passengers decreased by 94.7% and domestic passengers decreased by 39.2%.