MARKET OPEN: Vaccine jitters to weigh on travel stocks

MARKET OPEN: Vaccine jitters to weigh on travel stocks
Rebecca Howard
Air New Zealand, Auckland Airport, SkyCity Entertainment and Tourism Holdings are in for a rocky ride today after a pause in Johnson & Johnson’s covid-19 trial triggered concerns about the timing of a vaccine.“We have temporarily paused further dosing in all our covid-19 vaccine candidate clinical trials, including the phase 3 ensemble trial, due to an unexplained illness in a study participant,” Johnson & Johnson said.While other companies are also developing vaccines, J&J’s vaccine is the only single-dose v...

More Markets

THL halts trading on 'materially lower' earnings expectations
Markets

THL halts trading on 'materially lower' earnings expectations

In February THL's net profit guidance for FY2024 was $75m.

BNZ's 1H profit and margins ease
Markets

BNZ's 1H profit and margins ease

Net profit was down 5.3% on the previous year's first half. 

NZ sharemarket falls due to global inflation fears
Markets Market close

NZ sharemarket falls due to global inflation fears

The S&P/NZX 50 Index closed at 11,867.58, down 89.92 points or 0.75%.

Graham Skellern 01 May 2024
Michael Hill buffs up security as robbery costs climb
Retail

Michael Hill buffs up security as robbery costs climb

The jeweller has invested in new smash-proof assault glass and fog cannons.

Gregor Thompson 01 May 2024