'Pivotal moment': second vaccine to fuel rally

'Pivotal moment': second vaccine to fuel rally
Rebecca Howard
Air New Zealand, Auckland International Airport and Tourism Holdings will push higher on positive vaccine news as Moderna became the second US company to report positive results from its covid-19 vaccine.Investors were cheered when Moderna said preliminary phase 3 results from its vaccine showed it to be 94.5 percent effective in preventing covid-19.“This is a pivotal moment in the development of our covid-19 vaccine candidate. Since early January, we have chased this virus with the intent to protect as many people around the world as pos...

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Meridian reports increased sales and higher prices

Net profit after tax was $ 191 million, $10m or 5% down on the same period last year.

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The company suspended its interim dividend, worrying about adding debt if rates go up.

NZ stocks ease while speculation swirls around Fletcher Building
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NZ stocks ease while speculation swirls around Fletcher Building

The S&P/NZX50 index ended at 11,694.60, down 15.29 points.

Jamie Gray 27 Feb 2024