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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

4:14

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/02/28

Finance Minister Nicola Willis wants to exempt some trusts from paying the new 39 percent trustee tax rate. She hinted the Government planned to modify the bill aimed at lifting the trustee tax rate from 33 percent to 39 percent from April 1. NZ Herald Wellington business editor Jenee Tibshraeny explains how Nicola Willis plans to determine these exemptions. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:33

Jason Stockill: Woolworths Stores Director determined...

Best of Business ·

2024/02/28

Building back trust is next on the agenda for the rat-plagued Countdown Dunedin South. It reopened today, after being closed for almost three weeks for pest management procedures. Woolworths Stores Director Jason Stockill says foot traffic was down today, but they're determined to regain customers' faith. "We know it's going to be a slow process, but we've got to get the confidence back into the community. Our team have been doing a great job keeping in touch with the community." Stockill says

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3:35

Sharon Zollner: ANZ chief economist still predicts...

Best of Business ·

2024/02/28

Economists at our biggest bank expect the Reserve Bank will increase the Official Cash Rate. ANZ's changed its forecast, now predicting 25 basis point hikes in February and in April. That would take the OCR to 6 percent- from its current 5.5. ANZ chief economist Sharon Zollner says the Reserve Bank said it was very close to hiking it again in November. "Since then, they've had a series of small, but very consistent surprises that do suggest that inflation's just going to take a bit longer to get

en-US

4:02

James Gibbons: Warner Bros. Discovery Asia Pacific...

Best of Business ·

2024/02/28

Warner Bros. Discovery's Asia Pacific president reckons shutting down Newshub at the end of June is the best way forward. Staff were shocked as the company announced they would close down Newshub's newsroom and website- blaming financial headwinds and a tough advertising market. President James Gibbons says he's come to the conclusion this is the right approach. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:00

Bill Ralston: media commentator on the unexpected...

Best of Business ·

2024/02/28

Uncertainty over the future for hundreds of Newshub workers, following the shock announcement its newsroom will close. Warner Brothers Discovery executives told staff today they're shutting the newsroom and website, from the end of June. The former-Mediaworks news company says it's battled financial headwinds and plans to focus on streaming service, ThreeNow, not news. Media commentator Bill Ralston is predicting he expects more media failures over the next six months. "Once you start chewing into

en-US

3:19

Jamie Mackay: The Country host on the low...

Best of Business ·

2024/02/27

As several trade ministers come together for this week's WTO meeting in Abu Dhabi, some experts are less hopeful. Stephen Jacobi, the executive director of the International Business Forum, says there's no chance of an agreement for further cuts to agricultural subsidies and tariffs. The Country's Jamie Mackay explains why he's less than optimistic about this gathering. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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5:05

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2024/02/27

Immigration NZ have found themselves in hot water for failing to do enough risk analysis for migrant workers. A review of the Accredited Employer Work Visa Scheme has found the department had insufficient checks and balances for preventing migrant exploitation. BusinessDesk's Pattrick Smellie says this feedback could send the wrong signal for the future of immigration. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:02

Wayne Scott: Aggregate and Quarry Association CEO on...

Best of Business ·

2024/02/27

The Aggregate and Quarry Association says urgent intervention is needed to avoid delays in construction projects in the Upper North Island. Auckland reportedly ran out of sand fit for construction purposes, and the quarry industry head says an interim fix is needed to get projects back on track. CEO Wayne Scott says they've been on the cusp of a major shortage for 12 months before the end of 2023. "The National Policy Statements that came out last year for Indigenous Biodiversity and Highly

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5:58

Sir John Key: former Prime Minister on stepping down...

Best of Business ·

2024/02/27

Sir John Key believes the time was right to step down as chair of the country's biggest bank. Key has been working with ANZ's Australian and New Zealand boards since 2017, and became chair in 2018. He says the bank is in good shape and they had an obvious replacement in mind- so he knew he was ready to retire. "The timing seemed about right for me, and it's a pretty good time for the bank as well." LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:04

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

Best of Business ·

2024/02/26

Several trade ministers from the World Trade Organisation are expected to gather over the next few days. The MC13 gathering, held in Abu Dhabi, will be co-chaired by New Zealand's own Trade Minister- Todd McClay. NZME business commentator Fran O'Sullivan says New Zealand has a lot to gain over this timeframe, if McClay does well. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

6:25

Daniel Bracken: Michael Hill CEO on the company's...

Best of Business ·

2024/02/26

Michael Hill is boosting its presence in Australia as New Zealand sales drop amid ongoing thefts. Overall half-year earnings were down by 55 percent on last year, with New Zealand being marked as a 'laggard' for the company. CEO Daniel Bracken says Australian consumers are feeling more positive about the state of their economy than New Zealanders. "There's been a number of things at play in the New Zealand market. Not just the economy, but political turbulence, Government taking time to get formed,

en-US

4:00

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

Best of Business ·

2024/02/22

NZ Herald's Liam Dann has been won over by a new set of AI developments. Spark has rolled out some new technology designed to improve the world of construction and identify areas that need fixing- speeding up the process. The Herald's business editor at large was impressed by the practical applications of this technology. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:40

Sophie Moloney: Sky TV Chief Executive on the...

Best of Business ·

2024/02/22

Sky TV has made a strong start to the financial year, with a 10 percent rise in net profit for the half-year to December. The broadcaster experienced a 3 percent dip in customers to 1.02 million- but a 4 percent rise in revenue to $393 million. Chief executive Sophie Moloney says she's excited about these results, despite the 2023 entertainment strikes impacting content. "We haven't had those key titles, but they are coming back. White Lotus, Handmaid's Tale will be coming out next financial year,

en-US

8:11

Greg Foran: Air New Zealand CEO on Air New Zealand's...

Best of Business ·

2024/02/22

Air New Zealand's half-year earnings have taken a dive, according to today's report. The airline has announced earnings before taxation of $185 million for the first half of the 2024 financial year- down 39 percent on the same period last year. CEO Greg Foran says these earnings reflect a 'normalisation' following a huge surge in demand. "Last year, we made, based on the amount of kilometres we flew, more money than we've ever made. So what you're seeing now is more of a normalisation, it's heavier

en-US

3:01

Deborah Lambie: Milford Asset Management analyst on...

Best of Business ·

2024/02/21

More operations could be done by robotic surgeons in the not-so-distant future. California-based company Intuitive Surgical has been leading the charge in robot-assisted surgery, beginning in the late 2000s. Milford Asset Management explains the surge in popularity- and shares - surrounding this technology. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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5:00

Michael Boggs: NZME chief executive on the company...

Best of Business ·

2024/02/21

Media giant NZME has reported a drop in net after-tax profit of $12.2 million dollars. The company behind the New Zealand Herald and Newstalk ZB has blamed declining business confidence, inflation, and increased interest rates on their reduced earnings. CEO Michael Boggs says they're hoping for a better financial year in 2024. "We're seeing really good green shoots so far in January and February, we're seeing our revenue up year on year- in fact, the property market's obviously significantly high

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6:22

Carrie Hurihanganui: Auckland Airport CEO hits back...

Best of Business ·

2024/02/21

Auckland Airport is disputing Air New Zealand's concerns the redevelopment will push fares up. Air New Zealand has requested Commerce Minister Andrew Bayly look into concerns about the Airport spending up to $8 million on redevelopment. The airline says the airport's regulated charges are expected to add $46 to a ticket price by 2032, a five-fold increase. Auckland Airport CEO Carrie Hurihunganui says Air New Zealand's estimates aren't accurate. "Unfortunately, before issuing their release today,

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3:05

Vittoria Shortt: ASB CEO on the bank's multi-layered...

Best of Business ·

2024/02/21

This week, ASB launched the first steps of a multi-layered campaign designed to protect consumers from scammers. The bank hopes to raise awareness around the issue to prevent their customers from being targeted by fraudulent schemes. ASB CEO Vittoria Shortt says they aim to highlight the most popular scams consumers have to be vigilant for. "Most scams don't start with the bank, they start with people clicking on links, they start with phone calls and they start with being duped on

en-US

4:58

Greg Foran: Air New Zealand Chief Executive warns...

Best of Business ·

2024/02/21

There's turbulence in Air New Zealand's relationship with Auckland Airport. The airline is asking Commerce Minister Andrew Bayly to look into the Airport's development spending, concerned it will drive up airfares. CEO Greg Foran says its plan doesn't deliver a new runway, or improve capacity. He says Air New Zealand wants investment going into the airport, but they also want costs kept down. "There hasn't bee a lot of capital invested at the airport, we can all see that we've sweated the asset for

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4:20

Paul Bloxham: HSBC Chief Economist on the divided...

Best of Business ·

2024/02/20

Several leading economists are at odds over next week's OCR call from the Reserve Bank. ANZ has claimed the Bank will hike rates up twice before April, BNZ thinks an increase is unlikely, and ASB today predicted the OCR will hold until November before rates are cut. HSBC Chief Economist Paul Bloxham says the economy has slowed down- but high rates still linger. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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