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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

3:53

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

Best of Business ·

2024/03/28

After a more hopeful period, business confidence and consumer confidence has slumped again. New data for March indicates businesses and consumers are back to feeling negative about the state of the economy. NZ Herald business editor at large Liam Dann says the 'recession' headline comes with a lot of power to sway markets. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:01

Brad Olsen: Infometrics principal economist on the...

Best of Business ·

2024/03/27

A 'slow grind' lies ahead for households over the next few months, but the end is within sight for the tough fight with inflation. ASB's latest Quarterly Economic Forecast says things will get better after a slow 3 to 6 months for the economy- and rates and living costs will come down again. Infometrics principal economist Brad Olsen says recent data shows people can see the light at the end of the tunnel for the economy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:53

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2024/03/27

The first trading quarter of 2024 has come to an end, giving investors an opportunity to take stock of what's to come. The market has struggled under the pressure of the economy, with construction, housing, and retail taking a financial hit. Milford Asset Management's Jeremy Hutton explains what this means for the rest of the year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:57

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/03/27

One expert has labelled the Government's Budget Policy Statement a 'sobering reality check' with no surprises. The Finance Minister says a surplus is unlikely to happen by 2026/27 and Treasury has warned the economy will slow down- forcing the Government to borrow more. NZ Herald Wellington business editor Jenee Tibshraeny unpacks what this could mean for the proposed tax cuts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:56

Carolyn Young: Retail NZ Chief Executive on the...

Best of Business ·

2024/03/26

A struggling retail sector is urging the Government to roll back the Easter trading restrictions. Under current laws, shops all over New Zealand are required to close this upcoming Good Friday and Easter Sunday. ACT has created a bill that would scrap these trading rules and National has expressed support for it- but NZ First doesn't agree. Retail NZ Chief Executive Carolyn Young says the sector has voiced support for this bill in order to boost economic recovery. "With Easter being early this year,

en-US

3:09

John Maynard: Postal Workers Union spokesperson on...

Best of Business ·

2024/03/26

Posties will be no more in four to six years, as NZ Post announces significant change to their delivery service. It's confirmed both mail and parcels will eventually be delivered by courier drivers, meaning up to 750 people will lose their jobs in mail delivery, processing and support roles. Postal Workers Union spokesperson John Maynard says it's clear New Zealand Post hasn't been fighting for new solutions to the changing world. "We agree there needs to be a different way of going about this, but

en-US

4:38

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

Best of Business ·

2024/03/25

The Government is still committed to delivering on their tax cuts, despite last week's announcement that New Zealand is in recession. Finance Minister Nicola has spent the last few days holding true to that Government promise. NZME business commentator Fran O'Sullivan is among the many experts calling for the cuts to be delayed, amid concerns. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:40

Michael Fox: Zespri Head of Global Public Affairs on...

Best of Business ·

2024/03/25

The ratification of the free trade agreement with the EU is now complete after it gained Royal Assent. Trade and Agriculture Minister Todd McClay says it was ratified in a small ceremony at the Beehive today - and is now confirmed to come into effect from May. Zespri Head of Global Public Affairs Michael Fox says the timing is super helpful for the kiwifruit industry, after a couple of 'bumpy' years. "We've got about 90 percent of our fruit left to ship- so a really welcome boom for growers." LISTEN

en-US

5:26

Oliver Peterson: Australian correspondent on the...

Best of Business ·

2024/03/25

Australia is short 90,000 tradies to meet new housing targets. The Government plans to build 1.2 million new homes over the next five years. Australia correspondent Oliver Peterson says they'll get tradies to finish their qualifications, or will poach some from overseas. But he says it has to compete with the mining industry. "That's just always going to be the lure for a lot of people who might be tradies looking at apprentice wages, where they're barely able to make ends meet- or work on a mine

en-US

5:41

Michael Goldwater: Stop Stealing Our Harbour...

Best of Business ·

2024/03/25

A group of prominent Aucklanders have voiced disapproval with the planned long-term lease of the council-owned Port of Auckland. Over 30 high-profile figures have signed an open letter against the plan, including Lady Pippa Blake, Sir Stephen Tindall, Sir Ralph Norris, and Chloe Swarbrick. Stop Stealing Our Harbour spokesperson Michael Goldwater says the Council needs to consider its long-term vision for the waterfront. "What needs to happen is that the Government and Auckland Council should develop

en-US

5:00

Sam Dickie: Fisher Funds senior portfolio manager on...

Best of Business ·

2024/03/21

The US economy is stunning experts as it goes from strength to strength. The US Federal Reserve is predicting GDP will grow by 2.1 percent in 2024- an upgrade from December's forecasted 1.4 percent. Fisher Funds senior portfolio manager Sam Dickie explains why America continues to flourish economically. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:00

Jamie Mackay: The Country host on farmer confidence...

Best of Business ·

2024/03/21

The first Rabobank Rural Confidence Survey for 2024 shows farmer confidence has risen from a record slump- but remains low overall. This latest survey found farmer confidence in the agri-economy was up to a net reading of -16 per cent from -47 per cent. The Country's Jamie Mackay explains why the mood in New Zealand's rural community has lifted, citing a change in leadership and overseas markets. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:49

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

Best of Business ·

2024/03/21

One economic expert believes there are 'bright pockets' to be found in today's newly-released GDP figures. Data from Stats NZ shows the economy contracted 0.1 percentage points in the final quarter of 2023- putting New Zealand in a technical recession. NZ Herald business editor Liam Dann says this means the economy is turning faster than expected, which will hopefully mean rates could come down. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:38

Miles Hurrell: Fonterra CEO on the company's 23...

Best of Business ·

2024/03/21

The boss of Fonterra is playing down concerns about the Chinese market. Fonterra's half year profit is up 23 percent, and its interim dividend is up 50 percent, as it sells more processed product at a higher profit margin. But it's keeping the forecast milk payout midpoint unchanged at $7.80, following a recent drop in global raw product prices. Fonterra Chief Executive Miles Hurrell says China is still a growth opportunity, but it's only part of their diversified global strategy. "It's less than 30

en-US

4:10

Tom Rutledge: HelloFresh Australasia CEO on the new...

Best of Business ·

2024/03/21

Meal kit delivery service HelloFresh are calling for a new food labelling system, in order to minimise waste. New research has found over half of Kiwis throw away food after it passes the best-before date- despite these dates not reflecting the use by terms. HelloFresh Australasia CEO Tom Rutledge says a time-temperature indicator (TTI) will give people a better idea of when food is safe to eat. "Which means that you're not beholden to a fixed best-before date or use by date, and therefore causing a

en-US

3:34

John Small: Commerce Commission chair says lack of...

Best of Business ·

2024/03/21

Banking customers are losing out, according to a draft report that finds a lack of competition. The Commerce Commission's found ANZ, ASB, BNZ and Westpac also have sustained high profits compared with global peers. The report says Kiwibank also lacks the capital to disrupt the big four in a meaningful way. Commerce Commission chair John Small says these banks aren't interested in competing with each other. "They're not really going after each other, they're matching each other's prices, they've got

en-US

4:43

David Seymour: Associate Finance Minister on GDP...

Best of Business ·

2024/03/21

Tough economic choices are on the horizon for the Government. GDP slipped 0.1 percent in 2023's last quarter, the second of negative growth in a row. Associate Finance Minister David Seymour says the previous Government left plenty of fiscal cliffs. He says it's unfortunate there isn't more money to go around. "I don't think there's a single person around the Cabinet Table who doesn't want to pay New Zealand police officers a lot more money. I know I do, they're some of the greatest New

en-US

5:41

Murray Olds: Australian correspondent on Australia's...

Best of Business ·

2024/03/21

Australia's unemployment rate dropped to 3.7 percent in February, down from 4.1 percent. This decrease comes off the back of an ongoing economic slowdown, as Australia aims to tamp down inflation. Australian correspondent Murray Olds says it's likely employers are feeling more confident, amid the promises of rate cuts later this year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:25

Heather du Plessis-Allan: How is this recession...

Best of Business ·

2024/03/21

I don't think many of us are surprised to hear that we’re back in a technical recession for the second time in a year, it's pretty rough out there. Personally, I know people involved in retail. They're behind on rent, they can’t pay it because they aren’t making enough money any more. I know an architecture business that hasn't had any business for months now, I've heard of contractors like draftsmen, builders, and so on cold calling other businesses looking for work. I’ve heard of a person selling

en-US

4:06

Sam Trethewey: Milford Asset Management Portfolio...

Best of Business ·

2024/03/20

Many local retailers, including Kathmandu and The Warehouse, have reported less-than-stellar earnings this week. KMD Brands has posted a $10 million loss, and The Warehouse Group today announced a $23.7 million net loss. Milford Asset Management's Sam Trethewey says it's clear economic conditions and interest rates are having an impact on consumer spending. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3,595 results

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