Travel stocks up as NZ border reopens

Thu, 03 Feb 2022

Travel stocks rose higher in local trading as the government announced it would begin to reopen the borders, although omicron still threatens to disrupt the sector. The S&P/NZX 50 Index rose 45 points, or 0.4%, to 12,335.32. Turnover was $143.7 million.Investors rushed to buy some travel stocks after the government announced a plan to reopen the border, just as the omicron outbreak is expected to take hold.Trans-Tasman travel will be the first to open on Feb 27, with borders fully reopened in five steps by October this year.Arrivals w...

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John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

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