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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

3:13

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2024/02/20

Infant formula maker A2 Milk has lifted its first-half net profit by 15.6 percent. That's despite a double-digit decline in China’s infant formula market. BusinessDesk managing editor Pattrick Smellie explains this 'surprising' turnaround for the company. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:00

Mike Fuge: Contact Energy CEO on the company's...

Best of Business ·

2024/02/19

Contact Energy has reported an increase in net profit and says it expects to finalise a more generous electricity deal with Tiwai Point aluminium smelter. It's recorded a net profit of $153 million for the six months to December. CEO Mike Fuge says he's optimistic about a better long-term agreement with Rio Tinto. "We've been really clear, there are three things- and like any negotiation, it's a two-way street." LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:48

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

Best of Business ·

2024/02/19

One expert has noticed a subset of voters hasn't reacted positively to the Government's plan to reduce the number of beneficiaries. Prime Minister Chris Luxon today revealed a planned return to a more strict regime of sanctions for those on the unemployment benefit. NZME business commentator Fran O'Sullivan observed the younger members of the press gallery seemed shocked by these changes. She says it's been a while since conservative ideas held power- it's been decades since sanctions were in

en-US

7:49

Nicolas Reid: MRCagney Principal Public Transport...

Best of Business ·

2024/02/17

One transport planner is looking into the feasibility of a fixed link between New Zealand's two islands. KiwiRail are officially cancelling an overseas contract for building more mega-ferries, after the Government declined to foot the bill. Nicolas Reid, the Principal Public Transport Planner for MRCagney, says there are other options available to cross the Cook Strait. "There's options around the existing ferries and expanding those ferries, and also moving to a fixed link such as a bridge or a

en-US

5:17

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

Best of Business ·

2024/02/15

The key interest rate market in the US is pricing several rates cuts later this year. Meanwhile, economic growth is getting stronger and equity markets are at an all-time high. Can these concepts co-exist? Sam Dickie from Fisher Funds explains further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

5:02

Robert MacCulloch: Auckland University economics...

Best of Business ·

2024/02/15

One business expert says a change in leadership isn't enough to save Fletcher Building. Yesterday, Chief Executive Ross Taylor and Chair Bruce Hassall both announced their resignation following some lower-than-anticipated half-year results. Auckland University economics professor Robert MacCulloch says the entire company should be broken up altogether. "The company should be nationalised, the Government should buy the company and break it up into little bits and sell those bits beck to private

en-US

3:20

Jamie Mackay: The Country host on New Zealand's...

Best of Business ·

2024/02/15

New Zealand's agricultural sector could be impacted by escalating tensions in the Red Sea. Experts warn the ongoing attacks could cause further shipping bottlenecks around the world. The Country's Jamie Mackay says freight prices have climbed to a level not seen since the days of the Covid-19 pandemic. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

4:13

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

Best of Business ·

2024/02/15

New Zealand's population has continued to expand in 2023- but the influx has slowed somewhat. New data from Stats NZ shows annual net migration reached just under 126,000 in the year to December. The net migration gain is still one of the largest recorded, it's equivalent to the population of Taranaki. NZ Herald business editor at large Liam Dann explains what this means for economic forecasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:06

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2024/02/14

Fletcher Building has had an eventful few days, culminating in the loss of chief executive Ross Taylor and chair Bruce Hassall. The company has also reported a $120 million half-year loss after tax. Milford Asset Management's Jeremy Hutton warns Fletcher may need more than a change in leadership to win back investors. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:43

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2024/02/14

ASB has warned mortgage holders to be prepared for 'any eventuality' when it comes to interest rates. Chief executive Vittoria Shortt says borrowers shouldn't bank on one particular scenario when it comes to future rate hikes. This follows ANZ economists issuing a 'hawkish' prediction that the OCR could go up two more times in the near future. NZ Herald Wellington business editor Jenee Tibshraeny explains further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3:44

Brad Olsen: Infometrics Principal Economist on the...

Best of Business ·

2024/02/14

Economists are predicting a boost in consumer spending this February 14th. As demand for flowers and chocolates and fancy dinners skyrockets, people are expected to spend more to contribute to this economic bump. Infometrics Principal Economist Brad Olsen says this Valentine's Day is expected to be the first in several years to match pre-pandemic spending demand. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

5:59

Vittoria Short: ASB CEO on the company's half-year...

Best of Business ·

2024/02/14

ASB's CEO isn't surprised by today's reduced half-year profit. The bank has reported a 11 percent fall, due to slower lending, reduced margins and higher costs. CEO Vittoria Short says their profitability is linked to New Zealand's economy. "We've seen a slowing in growth as headwinds impact everything from inflation that's feeding through to businesses and homes- and also the rising interest rate environment. That's really contributed to the decline." LISTEN ABOVESee omnystudio.com/listener for

en-US

5:52

Ross Taylor: former Fletcher Building Chief Executive...

Best of Business ·

2024/02/14

Resignations by Fletcher Construction's two top players can be traced back to a single project. The company has reported a $120 million half-year loss after tax. Chief Executive Ross Taylor and Chair Bruce Hassall have announced they'll both leave this year. Taylor says remediation for the SkyCity fire in 2019 was the most complicated thing he's seen in 40 years in the industry. "We basically progressively only understood what we were up against- and then we had to re-forecast. In the end, I think

en-US

2:45

Heather du Plessis-Allan: Mice and rats aren't...

Best of Business ·

2024/02/14

It is amazing, isn't it? How the story of one rat in a Dunedin supermarket has just blown up for Countdown. First, it was a photo of a couple of rats in the supermarket in Dunedin. Then there were more rats caught, then the supermarket closed for two days, then it closed for another day and now it's closed indefinitely- until they finish catching the rats. At last count, it was 19 just since Friday. Then there was the video of the mouse on the salad in the Christchurch store, then the news that the

en-US

3:54

Jamie Mackay: The Country host on Fonterra lifting...

Best of Business ·

2024/02/13

Fonterra has lifted their 2023-24 season forecast farmgate milk price to $7.80 per kilogram of milk solids. Chief executive Miles Hurrell claims the 30 cent increase was inspired by a streak of 5 strong GDT auctions. The Country's Jamie Mackay says this is a good start, but some dairy experts believe it should be higher. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:55

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2024/02/13

There are growing calls for Fletcher Building to make some leadership changes ahead of tomorrow's half-year result. The company has been placed in a trading halt, and it's been revealed Chief Executive Ross Taylor is 'considering his position'. BusinessDesk managing editor Pattrick Smellie says it's a complex situation- and it's unclear if removing Taylor will solve everything. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

2:47

Oliver Mander: New Zealand Shareholders Association...

Best of Business ·

2024/02/13

There's a push for a shake up of the Fletcher Building board. The construction company is in a trading halt ahead of the release of its half-year results tomorrow. CEO Ross Taylor is also 'considering his position'. Shareholders Association Chief Executive Oliver Mander says whatever woes the company has, they're down to more than just Taylor. "We do think this is a wider conversation than the CEO, and certainly we've been critical of the board in the past in terms of how it has approached certain

en-US

2:21

Heather du Plessis-Allan: I'm expecting at least one...

Best of Business ·

2024/02/13

It looks almost certain that the CEO of Fletcher Building is gone. The company put the shares in a trading halt yesterday, and announced that Ross Taylor would be reconsidering his position. Which says to me- he’s resigning tomorrow. I can’t see a way for him to come out and say he’s not resigning after that statement’s been made. And if he does go, which seems more likely than not, I doubt very much he’ll be alone. I suspect there will be other members of the executive - and maybe even the board -

en-US

4:47

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

Best of Business ·

2024/02/12

Prime Minister Chris Luxon and Finance Minister Nicola Willis are planning to make some changes to public sector agencies. Speculation indicates they could shoulder-tap people with a certain level of business experience to take on leadership roles. NZME business commentator Fran O'Sullivan explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:00

Kelvin Davidson: CoreLogic economist on what the...

Best of Business ·

2024/02/12

Kiwis out to buy their first home may soon find that process a lot harder. Under the Reserve Bank's proposed new debt-to-income lending rules, it has been estimated an Auckland family would need $172,000 a year to buy an average-priced home. These rules could come into effect by June 2024, in order to stop first home buyers and owner occupiers borrowing more than six times their annual income. CoreLogic economist Kelvin Davidson says these changes could have a positive impact in the long run and tie

en-US

3,595 results

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