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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

4:17

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

Best of Business ·

2024/05/30

One expert says the 2024 Budget was never going to be transformational, amid everything working against it. The Government unveiled their Budget today, and Minister Nicola Willis says keeping the books sound was her main priority. Listen to NZ Herald business editor at large Liam Dann unpack all of today's new updates. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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6:46

Nicola Willis: Finance Minister explains restrained...

Best of Business ·

2024/05/30

The Finance Minister admits the Budget could have gone further on tax cuts, but it wouldn't have been responsible. Today's documents included the Government's long anticipated tax package, at a cost of $3.68 billion. Funded through a suite of scrapped spending initiatives, all workers on more than $14,000 a year will receive between $4 - $40 dollars a fortnight. Nicola Willis says she was determined that every dollar of tax relief would be fully funded. "But we also needed to find a lot of money for

en-US

5:02

Robin Oliver: Principal of OliverShaw Tax Advisors...

Best of Business ·

2024/05/30

Changes to tax thresholds will help deliver tax relief to three and a half million people from the end of July. Tax expert Robin Oliver says the brackets haven't moved enough. "They're nowhere near where they would be if the tax brackets were indexed for inflation - or for wages." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:50

Sam Trethewey: Milford Asset Management Portfolio...

Best of Business ·

2024/05/29

Global logistics company Mainfreight is still meeting investor expectations, despite suffering drops in profit. It's been revealed the company posted a 33 per cent fall in profit before tax to $395.4 million for FY24. Milford Asset Management's Sam Trethewey explains these figures further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:46

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/05/29

Reserve Bank governor Adrian Orr has stepped up his verbal war against the big four banks. It's been revealed Orr sent a letter using 'colourful' language to defend the amount of capital the Reserve Bank requires these banks to hold. NZ Herald Wellington business editor Jenee Tibshraeny explains the issue further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:44

Miles Hurrell: Fonterra CEO explains the company's...

Best of Business ·

2024/05/29

China's downturn and conflict in the Middle East remain front of mind for Fonterra. The dairy co-op is forecasting a Farmgate Milk Price midpoint of $8 next season, just up from its current season forecast of $7.80. It says global conditions remain volatile, and demand from China is taking a while to recover. Fonterra Chief Executive Miles Hurrell says Middle Eastern markets increased their stockpiles last year and won't be buying as much this year. "We're talking geopolitics here - things aren't

en-US

3:05

Vhari McWha: Commerce Commission Commissioner on the...

Best of Business ·

2024/05/29

Households can expect to pay an extra $15 per month for their power bills if a Commerce Commission proposal is confirmed. The commission regulates prices and performance standards for the national grid operator, and says these higher prices are necessary to fund investment in the electricity network. Commissioner Vhari McWha says they're being mindful of the possible effect this could have on consumers. "One of the things that we have done in order to try and mitigate that a little bit is to smooth

en-US

3:51

Tony Caughey: Smith and Caughey's chair on the...

Best of Business ·

2024/05/29

Flagship Auckland department store Smith and Caughey's will close down next year, after 144 years. This closure comes off the back of a 40 percent drop in revenue drop across their Queen Street and Newmarket stores in the past five years. Chair Tony Caughey says they tried to find a way through the rough patch two years ago - but there was no solution. "We really turned over every stone we could find to see if we could see a way through it. We had independent professional advisors in, we really

en-US

4:41

Brad Olsen: Infometrics principal economist predicts...

Best of Business ·

2024/05/28

Ahead of Budget 2024, there's concern the proposed tax cuts will contribute to existing inflationary pressures. The Government has confirmed they plan to deliver tax relief to most households - the details of which will be revealed on Thursday. Infometrics principal economist Brad Olsen explains why people shouldn't be too concerned. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:50

Paul Bloxham: HSBC chief economist on the possibility...

Best of Business ·

2024/05/28

The Reserve Bank surprised economists by revealing they considered hiking the Official Cash Rate - and haven't ruled out further hikes either. Last week, the Reserve Bank confirmed they were keeping the OCR in place at 5.5 percent, in line with expectations. HSBC chief economist Paul Bloxham said this was 'surprisingly hawkish', given the economy is weakening. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:32

Jamie Mackay: The Country host on what the 2024...

Best of Business ·

2024/05/28

Ahead of Budget 2024, the rural community is holding out hope for improvement. The Government has promised more tax cuts, but it's been hinted plenty of cuts will take place too. The Country's Jamie Mackay isn't feeling too hopeful - listen to him predict some outcomes ahead of the big day. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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6:00

Mark Wilkshire: Co-operative Bank CEO on the...

Best of Business ·

2024/05/27

One of New Zealand's smallest banks has posted significant earnings amid a boost in customers and lending. The Co-operative Bank today reported a 10 percent rise in full year profit, compared to last year's $11.5 million. CEO Mark Wilkshire says this comes on top of leading in customer satisfaction - which is a key priority for the company. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:30

Shane Henderson: Auckland stadium working group chair...

Best of Business ·

2024/05/27

Auckland Council has moved one step closer to determining the future of the city's stadiums. Quay Park and Eden Park 2.0 are in the running, as both will be recommended for further investigation and examined for feasibility. Shane Henderson, the stadium working group chair, says both options will be analysed in detail this coming Thursday. "Then we'll come back around the table in probably about nine months, but we'll see how that goes." LISTEN ABOVESee omnystudio.com/listener for privacy

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3:41

Hilary Souter: Advertising Standards Authority Chief...

Best of Business ·

2024/05/27

The Advertising Standards Authority released its latest annual report today - celebrating 50 years of complaints from the public. The medium has grown and changed over the past several decades, and so have the standards from audiences. ASA Chief Executive Hilary Souter says the areas that used to push buttons have changed, and certain topics have become less acceptable. "The things we don't see anymore are in an area we used to call - sexual appeal to sell an unrelated product. So cars, perhaps

en-US

3:26

Duncan Webb: Labour MP calls for action against...

Best of Business ·

2024/05/27

One Labour MP says Wilson Parking is abusing its rights - and wants the company's access to the personal information of customers revoked. Duncan Webb has written a letter to the Transport Minister urging NZTA to remove the ability for Wilson Parking to access the personal data they use to issue infringements. Webb says Wilson's ability to utilise the home address and number plate details of their customers is an 'abuse of power'. "They're claiming damages for you not paying your parking. That's the

en-US

3:53

Bruce Sharrock: NZ Thoroughbred Racing chief...

Best of Business ·

2024/05/27

New Zealand Thoroughbred Racing has embraced a report revealing the industry contributes over a billion dollars to the economy. In last year's season, almost 10,000 people worked in the industry - and race attendance was at under half a million. Chief executive Bruce Sharrock says the company has been experiencing rapid growth over the last 6 to 8 months. "There's certainly some green shoots appearing for continued growth, that's for sure." LISTEN ABOVE See omnystudio.com/listener for privacy

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8:05

Jem Aswad: Variety Executive Music Editor on the US...

Best of Business ·

2024/05/25

The United States Department of Justice is suing music promoter Live Nation - claiming it's using illegal tactics to hold a monopoly over live music. The Ticketmaster parent company has been accused of running an illegal monopoly on live music events in America. Variety Executive Music Editor Jem Aswad says it's unlikely if things will get better for fans, even if the companies are broken up "The real question is - even if they're broken up, will things get better for fans? And I don't really see a

en-US

8:13

Claire Trevett: NZ Herald political editor previews...

Best of Business ·

2024/05/25

There's been plenty of speculation ahead of the upcoming 2024 Budget, to be released May 30. The Prime Minister and the Finance Minister have promised surprises and 'bold moves' on top of the proposed tax cuts and reduced spending. NZ Herald political editor Claire Trevett says the Government has proved every new spending measure will be counteracted with a cut somewhere else. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:33

Sam Dickie: Fisher Funds expert on copper prices...

Best of Business ·

2024/05/23

Copper prices have surged this year by 25 percent, according to new data. Copper has a broad level of demand, with plenty of industries relying on this commodity. Fisher Funds expert Sam Dickie explains how copper can be a barometer of the human economy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:40

Jamie Mackay: The Country host on Zespri's growers...

Best of Business ·

2024/05/23

Kiwifruit producer Zespri’s profit has dropped 27 per cent but growers have been paid record prices for their output. Zespri reported a net profit after tax of $173.3 million for the 2023-24 financial year - down from $238.7m the year prior. The Country's Jamie Mackay explains what this means for the sector. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3,595 results

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