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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

4:10

Patrick Phelps: Minerals West Coast manager on...

Best of Business ·

2024/05/23

Advocates and experts are supporting the resource minister's plan to cut barriers to mining. Shane Jones has outlined a draft strategy for the industry. He wants a stock-take of available minerals and to double export value in 10 years. Minerals West Coast manager Patrick Phelps says you could get a feel for New Zealand's resources within a year or two. "There's quite substantial gold mines being talked about in Otago, West Coast and Coromandel - which, if they're all up online within five or ten

en-US

4:30

Gavin Grey: UK correspondent on UK inflation dropping...

Best of Business ·

2024/05/22

Over in the UK, inflation has dropped to 2.3 percent, the lowest in 3 years. It heaps pressure on the Bank of England to cut high interest rates - and gives the Government a welcome boost. UK correspondent Gavin Grey says this drop is significant - but it's not as low as predicted. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:41

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2024/05/22

Experts say Gentrack is well placed to capture the opportunities created by changes to the utilities and airport sectors. A surging Gentrack gave the New Zealand sharemarket and the company reporting season a positive tone with strong revenue growth and an earnings upgrade. Milford Asset Management's Jeremy Hutton explains Gentrack's financial growth. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:50

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/05/22

The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts. RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year. The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025. NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank. LISTEN ABOVESee omnystudio.com/listener

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3:11

Chris Bishop: Housing Minister on the Government's...

Best of Business ·

2024/05/22

The Government says scrapping the First Home Grant scheme is another example of tough decisions it has to make this Budget. It has also announced $140 million in new funding for 1500 new social housing places. Housing Minister Chris Bishop says everyone sympathises with first home buyers, but they have to focus on a more vulnerable group of people. "We are doing the right thing, but I'm not pretending to you it's going to be a popular decision. But this is a Budget in which we're having to make

en-US

3:19

Jarrod Kerr: Kiwibank economist warns there's a risk...

Best of Business ·

2024/05/22

An economist says there's a risk the Reserve Bank won't cut the OCR until next year. It's kept the Official Cash Rate at 5.5 percent today, unchanged over a year with seven consecutive holds. Kiwibank's, Jarrod Kerr says there is worry it won't be cut until February. However, his bank's outlook remains the same. "Our forecast has inflation dropping below 3 percent by the end of the year, and I think that could still push them to cutting in November. But the risk is clearly that it's sometime next

en-US

3:44

Jamie Mackay: The Country host on Fonterra's consumer...

Best of Business ·

2024/05/21

Fonterra CEO Miles Hurrell says his phone's been 'running hot' following last week’s announcement. Fonterra plans to divest its consumer businesses, including Anchor and Mainland - overseas operations Fonterra Oceania and Fonterra Sri Lanka. The Country's Jamie Mackay reveals which investors have been expressing interest. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:40

Brad Olsen: Infometrics principal economist ahead of...

Best of Business ·

2024/05/21

All eyes are on the Reserve Bank, ahead of tomorrow's OCR update. The RBNZ is predicted to hold the cash rate steady at 5.5 percent - potentially marking a full year since the last rate change. Infometrics principal economist Brad Olsen predicts the new forecast hasn't moved since February. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:16

Andy Bowley: Forsyth Barr Head of Research on SkyCity...

Best of Business ·

2024/05/21

SkyCity will pay more than $4 million for breaching obligations to prevent money laundering and terrorism. A Department of Internal Affairs review found multiple breaches over five years, including failures in risk assessment, compliance and account monitoring to counter money laundering and terrorism financing. Forsyth Barr Head of Research Andy Bowley says the company never undertook money laundering themselves, but they helped facilitate it. LISTEN ABOVESee omnystudio.com/listener for privacy

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4:31

Fran O'Sullivan: NZME business commentator on Chinese...

Best of Business ·

2024/05/20

Chinese ambassador Wang Xiaolong has issued a warning to New Zealand over the prospect of joining AUKUS. In a speech delivered to the China Business Summit in Auckland, Xiaolong said China's relationship with New Zealand had reached a critical juncture - and joining AUKUS could impact that. NZME business commentator Fran O'Sullivan says this stance is in line with earlier comments made by ambassador Xiaolong. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

8:37

Nicola Willis: Finance Minister aims to address the...

Best of Business ·

2024/05/20

The Finance Minster says credit agencies are still looking favourably on New Zealand, despite high debt levels. Treasury told the Government it was running a structural deficit the day it was sworn in; the Labour Government was never told. It comes as Nicola Willis gears up to deliver her first Budget next Thursday. Willis says it's important to show New Zealand won't be in perpetual deficit. "We do need to show a path back to balanced books, we do need to show that in the medium term, we're going

en-US

4:43

Joan Withers: Warehouse Group Board Chair on the...

Best of Business ·

2024/05/20

There's hopes a new boss will bring fresh energy to the struggling Warehouse Group. Independent non-executive director John Journee has been appointed interim chief executive following Nick Grayston's abrupt resignation last week. The board is now looking for a new chief executive to replace Grayston, who was in the role since 2016. Board chair Joan Withers says elevating a member of the leadership team to the role wasn't considered, due to its financial position. "So it's about us supporting the

en-US

5:08

Chris Bishop: Housing Minister on the multi-year...

Best of Business ·

2024/05/20

The Housing Minister has responded to the 'mismanagement' impacting Kāinga Ora - and enacted some changes. A high-level review of the agency has revealed it's under-performing and isn't financially viable without significant savings. The Government has today appointed a new Chair, former Spark CEO Simon Moutter, and a refreshed board will be in place by July. Minister Chris Bishop says the Government's been bequeathed a difficult situation from their Labour-led predecessors. "Kāinga Ora is a

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31:13

Business Panel: Brezelmania's Tony Parun and...

Best of Business ·

2024/05/20

How is the exodus of a record number of Kiwi citizens affecting businesses, and is 24/7 parking for Wellington CBD a good idea? Those were the questions for the Business Panel this week, made up of Capital's Aimie Hines and Brezelmania bakery director Tony Parun. The pair joined Nick Mills to talk all things business in Wellington. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:57

Jamie Mackay: The Country host on Zespri being forced...

Best of Business ·

2024/05/16

Over one million trays of kiwifruit found on a Zespri shipment with a mouse infestation will be destroyed. After mice were found on the company's first shipment to Europe for the season, the company worked to salvage what they could. The Country's Jamie Mackay explains the extent of the damage. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:42

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

Best of Business ·

2024/05/16

ASB is the latest major New Zealand bank to drop their mortgage interest rates for three and four year terms. This follows BNZ and Kiwibank bringing down their interest rates, as wholesale rates have trended down. NZ Herald business editor at large Liam Dann explains why these banks are making these moves, despite the RBNZ holding rates steady. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:11

Anne Thomas: daughter of woman bumped off Air New...

Best of Business ·

2024/05/16

One Nelson woman is the latest to express disappointment with Air New Zealand's conduct. On April 29, Kerstin Zdzieblik was bumped off her afternoon flight to Auckland - meaning she missed her international connection and was left $800 out of pocket as a result of this mistake. Her daughter, Anne Thomas, says the airline gave away her seat to relocate a crew member without checking she had an international connection. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:50

Jacqueline Rowarth: Lincoln University Adjunct...

Best of Business ·

2024/05/16

There's uncertainty around Fonterra's plan to sell well-known brand Anchor. The diary giant has signalled its intent to divest some or all of its global consumer business, including Fonterra Oceania and Fonterra Sri Lanka. Lincoln University Adjunct Professor Jacqueline Rowarth says Anchor is synonymous with New Zealand. "Anchor was sold at one point, and then they brought it back. So let's not do that again, it would have to be a very, very good offer in order to actually compensate for

en-US

5:51

Sam Stubbs: Simplicity CEO on whether mortgage...

Best of Business ·

2024/05/16

There's growing debate mortgage advisors need more regulation - alongside a Commerce Commission bid to make it easier to take out a home loan. Discussions at a banking conference centred on concerns brokers don't encourage mortgage rate competition. Simplicity CEO, Sam Stubbs, says they provide a valuable service, but commissions are a worry. "What CommComm are concerned about is - are they actually acting in the best interests of the clients, or are they acting in the best interests of themselves

en-US

2:38

Heather du Plessis-Allan: It's D-day for the Te Huia...

Best of Business ·

2024/05/16

Well, it’s D-day for Te Huia. Today's the day that NZTA has met and has decided whether or not to keep funding the train past the end of June. Unless NZTA gives them more money, it’s all over by the first of July.And come on, it’s gotta be all over right? Because the case for this thing has never actually stacked up.We subsidise every single passenger on that train to the tune of at least $92 per trip. Compare that to the other commuter train that runs in the North Island between Palmerston North

en-US

3,595 results

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