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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

2:46

Mike Lee: Auckland University marketing professor on...

Best of Business ·

2024/05/09

Thousands of people have been caught up in Woolworths whoopsie. The supermarket wrote to winners of a promotion, awarding them 4000 reward points - which equals $30 worth of groceries. But it sent about 80,000 emails, instead of 1000. It's apologised and offered 500 points compensation to those wrongly emailed. Auckland University marketing professor Mike Lee says it's understandable if people are upset. "It sets up that expectation, and then to take it away... even if they were to offer something

en-US

3:32

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2024/05/08

Questions are being raised about the future of the Port of Tauranga. This comes off the back of Auckland mayor Wayne Brown confirming the Port of Auckland's land, assets, and operations will be kept in council ownership. Milford Asset Management's Jeremy Hutton explores a few potential outcomes. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3:09

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/05/08

One expert has noticed New Zealand's biggest banks don't seem to be rushing to get more information about the insurability of the properties they lend against. The Reserve Bank wants banks to keep a closer eye on the long-term insurability of properties they lend against, amid concerns about natural risks. Jenee Tibshraeny explains the moves the banks could take to address these issues. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:41

Roger Venn: AA General Manager on manual cars going...

Best of Business ·

2024/05/08

New research indicates manual cars will be phased out within the next five years. The number of new manual cars being manufactured has halved within the last six years - and companies like Volvo, Lexus, Jaguar have stopped producing showroom models of manual cars. AA's Roger Venn says it's likely we'll only be importing battery-powered electric vehicles, according to new regulations. "They don't come with any transmission that requires a clutch and a gearbox. So yes, new manual vehicles will be off

en-US

2:43

Brad Olsen: Infometrics Principal Economist on New...

Best of Business ·

2024/05/07

Meat exporters are celebrating news the Government's negotiating a free trade agreement with the United Arab Emirates. Trade Minister Todd McClay says he hopes to get a deal over the line as soon as possible. Infometrics Principal Economist Brad Olsen says it's good that we're striking when the iron's hot when it comes to demand from that part of the world. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:07

Victor Rajasooriar: Siren Gold CEO on the valuable...

Best of Business ·

2024/05/07

The small town of Reefton, located in the West Coast, is sitting on a supply of a valuable mineral. An Australian mining company believes Reefton could have 5 percent of the world's supply of antimony. Siren Gold CEO Victor Rajasooriar says it's likely they'll find at least 50,000 to 100,000 tonnes of antimony if they keep drilling. "We're quite confident with the initial drilling that we've done... there's a lot sitting in that region. LISTEN ABOVESee omnystudio.com/listener for privacy

en-US

4:49

Antonia Watson: ANZ Chief Executive on the bank...

Best of Business ·

2024/05/07

The country's largest bank has increased its cash profit, despite falling interest margins. ANZ New Zealand's cash profit rose to $1.15 billion dollars in the six months to March. That's stable on the previous six months, and up four percent on the same period the previous year. Chief Executive Antonia Watson says the bank has taken on less provision for 'doubtful' debts this half. "Revenue is under pressure, costs are under pressure - just like every other business is seeing. But we have had an

en-US

3:45

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/05/06

The OECD has released its detailed biennial report on New Zealand's economy, ahead of the 2024 Budget. It lays out suggestions to improve productivity - highlighting competition. NZ Herald Wellington business editor Jenee Tibshraeny says the OECD thinks the Government could more aggressively break up monopolies and duopolies, like supermarkets. "It did recognise that, in a small country like New Zealand, we have some of these big players dominating key sectors. They have such control over the market

en-US

33:01

Business Panel: Retail NZ's Carolyn Young and Trinity...

Best of Business ·

2024/05/06

Things are tough in Wellington at the moment, with unemployment biting and public service cuts and staff working from home affecting central city businesses. Retail NZ chief executive Carolyn Young and Trinity Group director and Hospitality NZ board member Jeremy Smith joined Nick Mills to talk business in Wellington. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

7:13

Murray Bevan: ShowRoom 22 director disagrees with New...

Best of Business ·

2024/05/04

Not all agree with the cancellation of this year's New Zealand Fashion Week. Event organisers pulled the pin after financial pressures on the industry and made it a bi-annual event, starting from next year. Fashion PR agency Showroom 22 director Murray Bevan says he feels a midway point could've been reached. "When the chips are down, sometimes you double down on how hard you pushed to pull out of those troughs. And Fashion Week is a massive branding and marketing exercise for designers, so it's a

en-US

4:32

Sam Dickie: Fisher Funds expert on China's economic...

Best of Business ·

2024/05/02

China's economy has been experiencing a downturn- weak growth, increased debt, and unwanted Government intervention. Despite this, China's stock market is the second-best performing market in the world so far this year. Fisher Funds' Sam Dickie explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:15

Jamie Mackay: The Country host on Horticulture New...

Best of Business ·

2024/05/02

Nadine Tunley, Chief Executive of Horticulture New Zealand has resigned with her last day at HortNZ being Friday, 30 August. Tunley claimed this wasn't an easy decision - but she wants to focus on restoring work-life balance. The Country's Jamie Mackay explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:38

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2024/05/01

Restaurant Brands New Zealand is enjoying a strong first quarter for the 2024 financial year. The restaurant operator reported $302.6 million in sales, a 7.9 percent increase from the same period last year. Milford Asset Management's Jeremy Hutton explains Restaurant Brands' financial recovery. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:13

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/05/01

The Government plans to tax commercial property owners an extra $575 million a year in order to fund residential property and income tax cuts. Finance Minister Nicola Willis is standing by her decision to remove ability for commercial and industrial owners to deduct depreciation as an expense going forward. NZ Herald Wellington business editor Jenee Tibshraeny explains the impact of these changes. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:16

Kris Faafoi: Insurance Council CEO on the Reserve...

Best of Business ·

2024/05/01

The Insurance Council is backing calls for Kiwis to lift their understanding of the risks of natural hazards. The Reserve Bank has released an excerpt on insurance in its upcoming Financial Stability Report. It says insurers, Government, home buyers and lenders all need to up their knowledge, so that future insurance affordability challenges, can be better managed. Insurance Council chief executive Kris Faafoi says it's likely more places will become harder to insure as more risks are

en-US

2:54

Stephen Toplis: BNZ Head of Research forecasts...

Best of Business ·

2024/05/01

Economists forecast unemployment will climb higher. New data shows it reached 4.3 percent in March, up from 4 percent in the December quarter. This comes at a time where higher interest rates are biting, as the Reserve Bank tries to rein in inflation. BNZ Head of Research Stephen Toplis says it could go as high as 5.5 percent. "We're really sort of experiencing, I think, the worst of things at the moment. But before the labour market turns around, you're probably looking at another six to nine

en-US

5:31

Jen Baird: Real Estate Institute CEO on the...

Best of Business ·

2024/05/01

There's disappointment a Bill that would have regulated property managers more has been withdrawn. Housing Minister Chris Bishop has scrapped the Property Managers bill, saying the cost-benefit was marginal at best. He says it would have cost tenants and landlords. Real Estate Institute CEO Jen Baird says the figures involved were small. "Some of the numbers that I've seen have been 43 cents per property per week, up to about $2.50 per property per week." LISTEN ABOVESee omnystudio.com/listener for

en-US

3:09

Brad Olsen: Infometrics principal economist on...

Best of Business ·

2024/04/30

The latest ANZ Business Outlook survey shows confidence is declining. Business confidence dropped 8 points to +15 in April, expected own activity fell 9 points to +14, and past own activity dropped 13 points to -20. Infometrics principal economist Brad Olsen explains what this means for the state of the economy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:56

Paul Bloxham: HSBC chief economist on Australian...

Best of Business ·

2024/04/30

Australian financial markets appear to be bracing themselves for bad news. They've made a sudden shift from pricing in rate cuts to pricing in potential rate hikes, and economists fear increases to the OCR are coming. HSBC chief economist Paul Bloxham says interest rates aren't likely to be dropping any time this year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:31

Rowena Duncum: The Country producer on the droughts...

Best of Business ·

2024/04/30

Australia's farmers have been struggling under ongoing droughts and low rainfall. The unfavourable weather conditions have led to farmers de-stocking or selling their stock at a significant loss. The Country's Rowena Duncum warns it'll take more than one rainstorm to address this. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

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