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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

6:10

Brianne West: Ethique founder launches new start-up...

Best of Business ·

2023/11/13

The brains behind New Zealand's largest regenerative beauty brand has her eyes on a new sustainable venture. Brianne West plans to reduce the use of single-use plastic soda bottles with ‘Incrediballs', tablets that add fizz and flavour to a glass of water. West says ‘Incrediballs' will be packaged in fully home compostable wrapping to prevent moisture from damaging the product before use. "We found a company in the UK that literally just patented new technology, that means this product is a lot more

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3:26

Antonia Watson: ANZ chief executive defends $2...

Best of Business ·

2023/11/13

ANZ's CEO is defending its cash net profit, at a time households struggle with the cost of living. The country's largest bank has reported a 10 percent increase in its cash net profit in the year ending September. Antonia Watson says their profit of over $2 billion is a lot of money in a New Zealand sense. "The thing is, we're just really big- and I think that's the hard thing for Kiwis to get their heads around. Our profits are middle-of-the-road." LISTEN ABOVESee omnystudio.com/listener for

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4:24

Oliver Peterson: Australian correspondent on port...

Best of Business ·

2023/11/13

Flow-on effects from a cyber attack are affecting Australia's second-largest port operator. DP World Australia, which is responsible for 40 percent of maritime freight, stopped internet access to all its ports on Friday, halting goods movement in and out of the country. Australian correspondent Oliver Peterson says the ports in Perth and Brisbane have just restarted operations. But he says Sydney can't accept export cargo for another two weeks. "So you can imagine the massive delays this is going to

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4:36

Peter Lewis: Asia Business Correspondent on Xi...

Best of Business ·

2023/11/10

Officially we don't know yet whether Xi Jinping will be at APEC in San Francisco next week, but it does look very likely? If he comes, will he meet with Joe Biden? Meanwhile, Bloomberg is reporting that Xi Jinping is set to attend a dinner with top us business execs including Tesla's Elon Musk and Apple's Tim Cook. How was Anthony Albanese's visit to China received over there? And China has released its long awaited action plan to reduce methane emissions. LISTEN ABOVE See

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3:53

Rod Oram: Business commentator on Fonterra's new...

Best of Business ·

2023/11/10

Fonterra's new climate plan has been welcomed by Federated Farmers and climate researchers The company pledged to reduce farm emissions by 30% by 2030. Business commentator Rod Oram joins Heather du Plessis-Allan to talk about it. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:30

Sam Stubbs: Simplicity Investment Funds CEO on...

Best of Business ·

2023/11/10

Kiwisaver provider Simplicity has announced it will immediately sell off its shares in three Israeli banks in response to the conflict in Gaza. Simplicity says after an internal review, it decided the banks don't meet the requirements of its responsible investment policy. Sam Stubbs is the CEO of Simplicity talked to Heather du Plessis-Allan about it. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:31

Jamie Mackay: The Country host on Fonterra aiming to...

Best of Business ·

2023/11/09

Industry experts are 'cautiously optimistic' about Fonterra's plan to reduce on-farm emissions by 30 percent by 2030. The dairy co-op has promised to utilise new technology, changes to farming practice and existing and new vegetation to remove carbon. The Country's Jamie Mackay says a 30 percent reduction in 7 years is unlikely, based on current projections. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:42

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

Best of Business ·

2023/11/09

More eyes are on the Commerce Commission, as Foodstuffs seeks their approval for a merger. The retail giant hopes to merge its North Island and South Island operations into one business, but needs the Government agency to sign off. NZ Herald business editor at large Liam Dann says these businesses have to see some threats of legislation or disruption before they get too big. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:44

Simon Eriksen: former Supie creditor on the company's...

Best of Business ·

2023/11/09

Creditors of failed online grocery business Supie today voted in favour of liquidation at a watershed meeting. A report from BusinessDesk counted 14 people in multiple meetings held about the company, despite 100 seats being laid out at PwC's Auckland office. Neat Meat founder and former Supie creditor Simon Eriksen doesn't think there's a lot of money left over. "The money has gone, and knowing enough about that business- there probably isn't a lot left over after you pay wages and whatnot." LISTEN

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4:53

Don Braid: Mainfreight CEO on the company's profits...

Best of Business ·

2023/11/09

Global logistics company Mainfreight has reported a significant slump in net profit and revenue. Their result shows profits declined 42 percent, to $124 million- after a successful 2022. CEO Don Braid says the company managed to have two really good years, as the company took advantage of unprecedented demand. "We're now heading towards a more normalised trading environment, freight volumes are down dramatically from the nutty period where we had economic stimulus from Governments around the

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3:44

Charlotte Rutherford: Fonterra Director of...

Best of Business ·

2023/11/09

Fonterra says their emissions reduction scheme will work for the benefit of its farmers. The dairying giant plans to slash on-farm greenhouse gases 30 percent by 2030 through new tech, farming practices and carbon removal. There's no punishment for farmers not complying- the company instead hopes demand from customers to go green will be incentive enough. Director of Sustainability Charlotte Rutherford says it's about productivity and efficiency. "It's generally a good thing for farmers- it can make

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4:12

Brad Olsen: Infometrics principal economist explains...

Best of Business ·

2023/11/08

Economists are wracking their brains over how negotiations are set to shape the incoming Government's economic polices. ANZ's latest economic outlook examined the fiscal outlook for the incoming National-led Government, and noted that the addition of ACT and NZ First could lead to more significant changes. Infometrics principal economist Brad Olsen says National will face potential roadblocks in introducing tax cuts and a foreign buyers tax, as those have divided all three parties. LISTEN ABOVESee

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3:55

Sam Trethewey: Milford Asset Management Portfolio...

Best of Business ·

2023/11/08

Sky TV has terminated discussions about a potential takeover with an unnamed third party. Last month, the company reportedly received an expression of interest from a prospective bidder hoping to buy the company out. Earlier today, Sky revealed they had received a non-binding offer from the third party that didn't meet their expectations. Milford Asset Management's Sam Trethewey explains why Sky rejected this proposed buyout. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:14

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/11/08

Lobbying efforts are already underway to prevent the incoming Government from implementing a new tax on commercial and industrial building owners. National campaigned on removing the ability of commercial and industrial building owners to deduct depreciation as an expense when paying tax. This extra tax would bring in an extra $2 billion over four years and help cover National's proposed tax cuts. NZ Herald Wellington business editor Jenee Tibshraeny says this is one of the easiest methods National

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6:40

Shaun Clousten: Logan Brown chef on the 'tough'...

Best of Business ·

2023/11/08

A Wellington chef says it hurts to see high profile local restaurants closing. In the past fortnight, Field and Green and Shepherd have announced they'll be shutting at the end of the year. Logan Brown chef Shaun Clousten says hospitality is the heart and soul of the city. He says times are tough and he doesn't think the problem is too many restaurants. "We know there's a lot of restaurants, and I can tell you right now that you really don't want to be putting a cap on things and saying- no, you

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6:52

Jamie Mackay: The Country host on John Key being...

Best of Business ·

2023/11/07

Former Prime Minister John Key is taking Zespri's kiwifruit fight straight to top Chinese politicians. Zespri filed a civil case in China's Intellectual Property Court in August, against parties it claims are growing unlicensed golden kiwifruit. Key has since spoken with China's foreign affairs minister Wang Yi on a business trip to Beijing to ensure Kiwi farmers have confidence their intellectual property is protected. The Country's Jamie Mackay says China's unlicensed growth is a threat to

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7:02

Chris Quin: Foodstuffs North Island CEO on the...

Best of Business ·

2023/11/07

Foodstuffs, is set to apply to the Commerce Commission to merge its North Island and South Island co-operatives into one national business. The company is half of New Zealand’s supermarket duopoly - and expected to spark big debate on competition issues. Foodstuffs North Island CEO Chris Quin says this merger is part of a strategy focused on creating better value to customers. "Like any business, we have to look harder at our cost base- and also where our energy and efforts are going." LISTEN

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4:39

Oliver Peterson: Australian correspondent on Prime...

Best of Business ·

2023/11/06

Anthony Albanese has become the first Australian Prime Minister to visit China in seven years- touching down in Shanghai yesterday. He's trying to improve relations with the country's biggest trade partner. Australian correspondent Oliver Peterson says Albanese is expected to meet with his Chinese counterpart Xi Jinping to repair the damage left by Scott Morrison. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:20

Catherine McGrath: Westpac CEO on the company...

Best of Business ·

2023/11/06

Westpac's CEO has identified a range of reasons for its fall in profits. The bank had a $963 million net profit for the year to September, down seven percent from 2022. Catherine McGrath says Westpac has been investing heavily in key parts of the business to improve the customer experience. "We've been investing in the foundation of the bank, so we've been introducing new tools. For example, we're the first bank in New Zealand to bring in an extra layer of security for our customers to protect them

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3:30

Katie Wesney: Enable.Me financial adviser responds to...

Best of Business ·

2023/11/06

A report has suggested the average Auckland house deposit could reach $1 million by 2045. The report was shared exclusively with One News. Enable.Me financial adviser Katie Wesney says it's not an inconceivable amount. "A million dollar deposit in 22 years, that's a 6.5 percent rate. And in all reality in the last 10 years, Auckland house prices have risen by 7.8 percent." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3,595 results

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