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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

4:18

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/11/29

The incoming Government has agreed to disestablish the Productivity Commission, as ACT requested. Staff are disappointed, yet unsurprised, as many were concerned the agency had become too politicised. NZ Herald Wellington business editor Jenee Tibshraeny says there were already tensions between chair Ganesh Nana and former staffers. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:49

Richard Umbers: Ryman Healthcare chief executive on...

Best of Business ·

2023/11/29

Retirement village operator Ryman Healthcare has posted a lower-than-expected half-year profit. The company had earned $186 million after tax for the six months to September, a 4 percent decrease from 2022. Chief executive Richard Umbers says this loss is driven by a more subdued housing market. "The housing market is under pressure. That impacts our ability to sell, which inevitably has a flow-through effect on the business." LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3:21

Gareth Kiernan: Infometrics chief economist on the...

Best of Business ·

2023/11/29

The Reserve Bank left the OCR at 5.5 percent during today's review, in line with predictions. The Bank also issued a hawkish statement about future hikes, claiming further hikes would be needed if inflationary pressures got to be stronger than anticipated. Infometrics chief economist Gareth Kiernan says there's a good chance the OCR will need to go up between now and 2025. "Economic activity is running a percentage point higher than the Reserve Bank had been anticipating when it did its' last

en-US

3:43

Tony Alexander: independent economist doesn't believe...

Best of Business ·

2023/11/29

The Reserve Bank says there may be a need for more interest rates hikes. It has held the Official Cash Rate at 5.5 percent, and their forecast track suggests no rate cuts are on the horizon until mid-2025. Independent economist Tony Alexander says he doesn't think the Reserve Bank will actually do that- or really believes it will have to. "I think today's statement was all about a signal to the market. To say- don't get too optimistic out there, inflation's falling, but maybe you're getting a bit

en-US

4:48

Paul Bloxham: HSBC chief economist on the...

Best of Business ·

2023/11/28

As part of the coalition agreement, the Government revealed some new changes for the Reserve Bank. Its dual mandate will be ditched- and focus will return to keeping inflation between one and three percent. HSBC chief economist Paul Bloxham says reduced priorities means the Reserve Bank will only have one clear goal to meet. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:21

Pattrick Smellie: BusinessDesk managing editor on the...

Best of Business ·

2023/11/28

A date has been set for disgraced businessman Eric Watson's bankruptcy case to be called. The liquidators of Watson’s company, Cullen Investments, have chased him for roughly $57.4 million, plus interest. Auckland's High Court confirmed that the bankruptcy proceeding will be called on February 1, 2024. BusinessDesk managing editor Pattrick Smellie says Watson's been staving off problems for over a decade. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

2:56

Andre Castaing: ANZ economist says Wellington's...

Best of Business ·

2023/11/28

The Government's plan to slash the public sector is having an adverse impact on Wellington's property market. According to ANZ's latest property report, Wellington's housing market is lagging behind the rest of the country as people brace for job losses. ANZ economist Andre Castaing says housing markets all over the nation are expected to go sideways within the next year. "The housing market in Wellington- we would characterise that as having the potential to be a touch slower. However across the

en-US

3:56

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

Best of Business ·

2023/11/27

Some of America's most successful business figures are set to arrive in Auckland for the upcoming US Business Summit. Experts from major companies like PepsiCo and Amazon will gather in this half of the world to discuss New Zealand's evolving direction. NZME business commentator Fran O'Sullivan explains the topics that will be covered within these discussions. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:15

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

Best of Business ·

2023/11/23

OpenAI recently reached an agreement for Sam Altman to return as CEO days after his ousting. It caps frenzied discussions about the future of the start-up at the centre of the artificial intelligence boom. As well as Altman's return, the ChatGPT maker has agreed in principle to partly reconstitute the board of directors that had dismissed him. Sam Dickie from Fisher Funds explains what this means for the wider world of AI. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:25

Rowena Duncum: The Country producer on egg prices...

Best of Business ·

2023/11/23

Good news for Kiwi bakers out there- egg prices are on their way down. Eggs have been in short supply - and expensive - since the start of the year when a ban on battery-caged hens came into effect, sparking shortages across the country. The Country's Rowena Duncum says thing brings a positive conclusion to a turbulent year. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3:39

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

Best of Business ·

2023/11/23

Westpac is cutting some of its longer-term fixed special home loan rates- making it the first major bank to do so. The bank's two- and three-year fixed home loan rates will drop 10 basis points to 6.99 percent and 6.75 percent, and the four-year and five-year rates will drop to 6.69 percent and 6.49 percent. NZ Herald business editor at large Liam Dann explains what this means for the wider market. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:56

Greg Smith: Devon Funds Head of Retail on My Food Bag...

Best of Business ·

2023/11/23

Meal kit delivery service My Food Bag's latest profits have more than halved as customers seek to cut costs. The company's half year profit shows a significant decline, and a planned dividend has been axed. Devon Funds Head of Retail Greg Smith says customers have been forced to cut back amid increased interest rates and inflation. "Their average value has gone down- meanwhile, obviously costs have gone up for them, so that's pressurising their profitability." LISTEN ABOVESee

en-US

12:26

Sarah Jessica Parker: Actress on her business...

Best of Business ·

2023/11/22

Back in 2008 two kiwis created Invivo with the intention of bringing New Zealand wine to the world. Sarah Jessica Parker joined the team back in 2019, and their wine collaboration is now wildly successful, their Sauvignon Blanc the fastest growing Premium Sauv currently available in the United States. A third wine for the collection is releasing soon, this time a Pinot Noir. Parker told Mike Hosking that when it comes to her business endeavours, she prefers to be directly involved. “It allows me

en-US

4:31

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/11/22

There's early signs that mortgage rates could be on the downswing again. New Zealand's wholesale interest rates have fallen sharply over the last month- and both the two-year and ten-year swap rates have dropped. NZ Herald Wellington business editor Jenee Tibshraeny says banks still have yet to move their rates down, despite these early signs. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:38

Felix Fok: Milford Asset Management Portfolio Manager...

Best of Business ·

2023/11/22

Nvidia's latest quarterly results have surpassed expectations amid increased demand for AI. Demand for Nvidia’s graphics processing units has been exceeding supply, and the company has tripled its year on year revenue. Milford Asset Management's Felix Fok explains why the company is thriving amongst the AI wave. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:32

Dan Mitchinson: US correspondent on Elon Musk...

Best of Business ·

2023/11/22

Elon Musk has confirmed that advertising revenue from X, formerly Twitter, will be donated to war-torn Gaza and the hospitals in Israel. The move comes amid increased backlash against Musk, after he posted support for anti-Semitic content on the site. US correspondent Dan Mitchinson says Apple, Disney and IBM have already paused advertising on X. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:43

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

Best of Business ·

2023/11/22

A fruitful season's in the wind for Kiwifruit growers this year. Zespri's seasonal November forecast projects record returns for all its fruit crops. The fruit company is putting it down to growers' efforts to improve quality, despite harsh conditions in recent years. Zespri Head of Global Public Affairs Michael Fox says strong market demand, respect for the brand and strong supply chain partnerships will boost Zespri's returns. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:58

Todd Hunter: Tuners Chief Executive on the company's...

Best of Business ·

2023/11/22

Used car distributor Turners Automotive has gone from strength to strength in recent months. The company saw revenue increase 16 percent to $213.9 million, while its after-tax profit rose by 8 percent. Chief Executive Todd Hunter says the combination of a shifting market and a successful ad campaign is helping the company sell more cars. "It's the Tina effect, it's been very good for our lead generation. We're buying a lot more cars off people, we've opened more branches so we're in more places,

en-US

4:12

Tim Provise: Tech commentator warns shoppers to be...

Best of Business ·

2023/11/22

A tech commentator is warning people to apply due diligence to Black Friday shopping. Price comparison service PriceSpy found last year, about 15 percent of goods were on 'fake sale'. It found some retailers increased product prices in the weeks before the sale, then discounted them back to normal levels. Commentator Tim Provise says the tech sector is the main culprit. "Especially more niche stuff like camera lenses- and little things, like toothbrushes and stuff like that. I think the technology

en-US

4:27

Pattrick Smellie: BusinessDesk managing editor on...

Best of Business ·

2023/11/21

Online auction site TradeMe posted a $4.7 million net profit after tax for the year to June, turning around earlier losses. Experts believe the return to profit came from the site raising their prices- especially in its property arm. BusinessDesk managing editor Pattrick Smellie explains how this increased net profit impacts TradeMe's overall earnings. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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