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PODCAST

Best of Business

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

business business news

All Episodes

3:42

Matt Bain: Spark Head of Data explains why Kiwi...

Best of Business ·

2024/09/18

New reports confirm at least 68 percent of small and medium Kiwi businesses currently have no plans to use AI. Data from NZIER's Quarterly Survey of Business Opinion says many of these businesses cited a lack of understanding and perceived absence of value as the barriers to AI adoption. Spark Head of Data Matt Bain says the required training to properly use AI has put plenty of companies off. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:37

Oliver Mander: NZ Shareholders Association CEO on...

Best of Business ·

2024/09/18

Synlait's two biggest shareholders have brought it back from the brink. Shareholders today approved a $218 million capital injection from Bright Dairy and A2 Milk. NZ Shareholders Association CEO Oliver Mander says some shareholders were reluctant ahead of this vote - but plenty were on board. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:16

Satish Ranchhod: Westpac senior economist on consumer...

Best of Business ·

2024/09/18

Consumer confidence has picked up in recent months - but there's still concerns about the future from some. The Westpac McDermott Miller Consumer Confidence survey for the September quarter rose 9 points to 90.8 points. Westpac senior economist says households will be in a better mood as interest rates come down for 2025 - but it'll take a while before Kiwis see the increase in their back pockets. "I think they're going to start to feel a bit more optimistic going into 2025 - some of those headwinds

en-US

3:01

Parul Sood: Auckland Council waste solutions general...

Best of Business ·

2024/09/18

There's concerns about how the closure of a South Auckland paper mill will affect kerbside recycling. Oji Fibre Solutions will shut up just a week before Christmas - with the loss of 75 jobs. It's the latest manufacturing firm challenged by high electricity costs, following Winstone Pulp International closing two mills. Auckland Council waste solutions general manager Parul Sood says paper and cardboard collected from homes hasn't been going to the Penrose mill. "It goes to various markets in Asia,

en-US

2:56

Brad Olsen: Infometrics Principal Economist predicts...

Best of Business ·

2024/09/17

The soon-to-be-released GDP figures for Q2 will give experts an outline of the state of the economy. Economists predict the economy will have contracted again, as interest rates took their toll on consumer spending. Infometrics Principal Economist Brad Olsen outlines his picks for the quarter. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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5:18

Malcolm Fleming: New Zealand Certified Builders Chief...

Best of Business ·

2024/09/17

New research claims the costs of adding improved insulation onto Kiwi homes is far lower than initially reported. Earlier in the year, Minister Chris Penk wanted to roll back insulation standards, citing reports of overheating issues and standards adding extra costs to new homes. New Zealand Certified Builders Chief Executive Malcolm Fleming says the cost of improved insulation for Kiwi homes is significantly less $40,000 - $50,000 cited by some. LISTEN ABOVESee omnystudio.com/listener for privacy

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4:47

Murray Olds: Australian correspondent on the future...

Best of Business ·

2024/09/17

A probate court in Nevada has begun reviewing evidence to determine who gets to control Rupert Murdoch's media empire after his death. Evidentiary hearings in the case are scheduled to run until next week - with the court keeping the hearings closed to the public and the media. Australian correspondent Murray Olds says Rupert aims to ensure control of the businesses is kept in the hands of his oldest son, Lachlan, to preserve their commercial value. LISTEN ABOVESee omnystudio.com/listener for

en-US

4:10

Brooke van Velden: Workplace Relations Minister on...

Best of Business ·

2024/09/15

The Government's proposing new criteria to define who's a contractor and who's an employee. 'Contractors' will need to have signed a contract, stating they're an independent contractor. They must be able to subcontract out any set hours, they can't be prevented from working for other people, and they can't be fired for not taking on extra tasks. Workplace Relations Minister Brooke van Velden says the Government is looking to change the law next year. "Most of this has been built through case law

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3:41

Greig Epps: Imported Motor Vehicle Industry CEO on...

Best of Business ·

2024/09/15

The New Zealand electric vehicle market has run out of charge. New Motor Industry Association data shows just one in eleven new vehicle sales are electric, compared to last year where it was one in every four. Imported Motor Vehicle Industry chief executive Greig Epps says it's left many importers with excess stock. However, he says hybrid sales, on the other hand, continue to stay strong. "43 to 45 percent of the used imports that we're bringing in this year have been hybrids. Hybrids are a really

en-US

3:08

Liam Dann: NZ Herald business editor at large on...

Best of Business ·

2024/09/12

Chocolate, olive oil, butter and takeaway meals have been blamed for pushing up food price inflation in August, according to new reports. Fresh fruit and vegetable prices kept falling, down 12 percent. Falling kūmara, potatoes, and lettuce prices led the way. Potatoes are now the cheapest they’ve been in three years. NZ Herald business editor at large explains the factors driving this data. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:36

Grant Porteous: G.J. Gardner higher-up on the...

Best of Business ·

2024/09/12

G.J. Gardner, New Zealand’s largest franchised group house-building business and biggest residential builder, is planning to expand further. The business is aiming for a 30 percent growth in franchise numbers in the next year, according to new reports. G.J. Gardner's Grant Porteous says there'll always be demand for housing - even during economic downturns. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:16

Josh Eoraki: Stardome astronomer ahead of the first...

Best of Business ·

2024/09/12

The stage is set for the first ever all-civilian commercial spacewalk. Tech entrepreneur Jared Isaacman, alongside a a pair of SpaceX engineers and a former Air Force pilot blasted off earlier this week - and if all goes well, the walk will take place in a few hours. Stardome astronomer Josh Eoraki explains that space is an inhospitable environment for humans - meaning the crew is carrying out a risky mission. "There's no air, you'll suffocate - it's extremely hot if you're in the sun and it's

en-US

4:03

Shayne Currie: NZME editor-at-large on Google...

Best of Business ·

2024/09/12

Tech giant Google is being accused of playing hardball with the Government and media companies over the Fair Digital News Bargaining Bill. The bill would force Google to pay for the journalism and news content that help drive its business model. NZME editor-at-large Shayne Currie says it's unlikely Google will pull away from New Zealand altogether - despite the company's threats. "They will certainly be reviewing their stance - they've actually said publicly in their submission to Parliament for the

en-US

3:35

Gavin Grey: UK correspondent on the UK economy...

Best of Business ·

2024/09/11

The UK economy unexpectedly failed to grow in July, after flatlining in June, for the second month in a row. Analysts had originally forecasted a slight growth of 0.2 percent. UK correspondent Gavin Grey says drops in the manufacturing and construction sectors contributed to the downturn. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:25

Deborah Lambie: Milford Asset Management analyst on...

Best of Business ·

2024/09/11

As birth-rates decline and the population gets older, investors are grappling with a new set of challenges. Recent data indicates the proportion of Kiwis over the age of 65 will be expected to double by 2050. Milford Asset Management's Deborah Lambie says this demographic shift is expected to have an impact on the healthcare system - and lead to a worker shortage. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:13

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/09/11

The Government has confirmed buy now, pay later providers will be able to charge whatever fees they want going forward. Cabinet has agreed to remove some consumer protections from the Credit Contracts and Consumer Finance Act (CCCFA) to enable BNPL providers to set late or default fees at whatever levels they wish. NZ Herald Wellington business editor Jenee Tibshraeny explains what this could mean for Kiwi consumers. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:27

Mike Fuge: Contact Energy CEO on the company merging...

Best of Business ·

2024/09/11

Contact Energy has confirmed it reached an agreement to take over electricity generator Manawa Energy in a near $2.3-billion merger. Contact would pay a combination of cash and its own shares to the equivalent of $5.95 for each Manawa share - and it hopes to finalise the arrangement by early next year. CEO Mike Fuge says this investment will help diversify Contact's generating portfolio. "What this enables us to do is to firm up our wholesale portfolio and provide more products to commercial

en-US

4:14

Jamie Mackay: The Country host on the tough economic...

Best of Business ·

2024/09/10

Kiwi sheep famers will have to brace themselves for another tough earnings season. Beef and Lamb New Zealand’s new season outlook says farm profit margins were being hit by high costs, especially interest payments, reaching low levels similar to those seen in the 1980s and 1990s. The Country's Jamie Mackay explains the issue further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:28

Brad Olsen: Infometrics principal economist on the...

Best of Business ·

2024/09/10

The Ruapehu district has been dealt a huge blow - as Winstone Pulp International confirms it will close the two mills in the region. Over 230 workers will lose their jobs, and mayor Weston Kirton is 'gutted' the Government couldn't broker a deal and save the mills. Infometrics principal economist unpacks the economic impact of this announcement. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:52

Chris Wilkinson: First Retail Group managing director...

Best of Business ·

2024/09/10

Experts believe a changing retail market and the evolution of influencers have forced online companies to make some changes. British e-retailer ASOS has confirmed it plans to charge shoppers to return items unless they keep £40 of their order. Meanwhile, Boohoo recently introduced a freight charge into New Zealand, Nike has stopped shipping here altogether and other brands have reduced their availability for Kiwi customers. Chris Wilkinson from First Retail Group says consumers need to accept that

en-US

3,595 results

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