Is omicron eating My Food Bag?

Is omicron eating My Food Bag?
The company is highly reliant on a large team of workers to get their product to customers. (Photo: BusinessDesk)
Dan Brunskill
Just days before the omicron outbreak in New Zealand, Forsyth Barr released a research note assessing which companies would be most affected by widespread disruption.The broking firm said labour shortages, as positive cases and close contacts were in isolation, was the biggest risk to many NZX-listed companies.“Businesses reliant on certain on-site critical staff for their operations as well as labour intensive industries could suffer,” it said.Less than a month later, supermarket shelves are already looking bare in some parts of th...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024