Analysts warn staff shortages will hit earnings

Analysts warn staff shortages will hit earnings
Mainfreight has been using rapid antigen testing to keep its workforce around the world operational during omicron outbreaks. (Photo: supplied)
Dan Brunskill
UBS New Zealand has warned investors a widespread omicron outbreak in late February may reduce company earnings as both demand and supply would be disrupted.Analyst Marcus Curley said overseas experience suggests the main risk to earnings is having swathes of the workforce absent when in self-isolation after being exposed to covid.  “Our analysis suggests that the spread of omicron will see elevated new case numbers – over 10,000 per day – for a period of three weeks across late February and early March,” he said.UB...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025