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

Average home insurance tops $2,000
Infrastructure Risky Business

Average home insurance tops $2,000

Insurance premiums in New Zealand have increased dramatically in recent years.

How RFK Jnr's Medicare reform could aid this NZ firm
Markets

How RFK Jnr's Medicare reform could aid this NZ firm

'Wild west' conditions hampered its US push. They could be changing.

Pacific Edge 'star of the day' on NZX
Markets Market Close

Pacific Edge 'star of the day' on NZX

The S&P/NZX 50 Index closed up 0.17% or 22.50 points.

Tom Raynel 10 Sep 2025