Vista, Air NZ surge on vaccine hopes

Vista, Air NZ surge on vaccine hopes
Dan Brunskill
New Zealand stocks hardest hit by the covid-19 pandemic registered double-digit gains after drugmakers Pfizer and BioNTech said their prospective vaccine was more than 90 percent effective in a trial.Stocks on Wall Street - already enjoying the Biden Bounce - rallied further on reports that preliminary data from a 44,000-volunteer study showed 90 percent participants who received the drug had fewer cases of symptomatic covid-19 than those who received a placebo.Safety data will not be available until later this month and Pfizer and BioNTech hav...

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NZ sharemarket ends week down 0.8%
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NZ sharemarket ends week down 0.8%

The S&P/NZX 50 Index closed at 13,024.7, down 35.38 points or 0.27%.

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Being AI vs Clare Capital: $150k settlement reached
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Being AI vs Clare Capital: $150k settlement reached

Being AI filed defamation proceedings against Clare Capital and its directors in April.

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Akaroa King Salmon boss steps down after 23 years
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Akaroa King Salmon boss steps down after 23 years

Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

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Blair Turnbull named CEO of Milford Asset Management
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Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Staff reporters 24 Jan 2025