Analysts warn staff shortages will hit earnings

Dan Brunskill
Tue, 08 Feb 2022

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
Tue, 08 Feb 2022
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
RBA hikes rates by 50 basis points
Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Kiwis' mental health down during pandemic, says wellbeing survey
Greg Hurrell | Tue, 05 Jul 2022

A Statistics NZ wellbeing survey that was cut short by last year's covid lockdown shows that more than a quarter of the population suffered from poor mental health.

Genesis could extend Huntly's life to post-2040 using biomass
Ian Llewellyn | Tue, 05 Jul 2022

Genesis considers the lifecycle of the Rankine units running on biomass can be extended to 2040 and possibly beyond.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges