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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

5:56

Hayden Wilson: Dentons chair recaps this year's Mood...

Best of Business ·

2023/09/29

No surprise at all, this year's Mood of the Boardroom survey has shown that businesses are extremely disappointed in the Labour government. But it also shows nervousness over whether National will be decisive enough to turn the economy. In the CEO’s ranking, Christopher Luxon beat Chris Hipkins, but with an average of 3.5 points out of 5, Luxon looks far from a candidate that has the business team excited. Dentons chair Hayden Wilson joined Heather du Plessis-Allan. LISTEN ABOVESee

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2:57

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

Best of Business ·

2023/09/28

Westpac has hiked their mortgage rates up again, joining Kiwibank and BNZ. From tomorrow, Westpac is lifting its standard rates for its two-year and four-year mortgages to 7.59 percent and 7.19 per cent respectively, up 10 basis points. The 18-month and five-year standard home loan rates have been bumped up 14bp to 7.69 percent and 6.99 percent respectively. NZ Herald business editor at large Liam Dann says the local markets are predicting future hikes to the OCR following last week's GDP

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4:38

Tania Benyon: The Warehouse Chief Product Officer on...

Best of Business ·

2023/09/28

From Saturday, a Kiwi breakfast staple will be removed from The Warehouse's cereal aisle. Sanitarium is no longer providing Weet-Bix products to any Warehouse stores, citing 'supply constraints'. The Warehouse headed straight to the Commerce Commission for a solution- after they discovered they were the only retailer affected. Chief Product Officer Tania Benyon says it's 'very strange' that Sanitarium chose to cut off supply from The Warehouse instead of reducing output for all cereal

en-US

4:16

Michael Dearth: Kiwi restaurateur on The Grove being...

Best of Business ·

2023/09/28

Auckland restaurant The Grove has been named the 11th best fine dining eatery in the world, according to Tripadvisor. Tripadvisor's list measures traveller ratings and reviews- and only the most favourably ranked restaurants make the cut. Co-owner Michael Dearth says this is amazing news, following years of uncertainty for Kiwi businesses after the Covid-19 pandemic. "Anyone who owns a business- over the last couple of years, it's been a really wild ride to say the least." LISTEN ABOVESee

en-US

3:19

Alan McDonald: EMA Head of Advocacy on employment...

Best of Business ·

2023/09/27

Employment confidence is declining, with workers claiming it's gotten harder to find jobs. The Westpac McDermott Miller employment confidence index fell in the September quarter. Economists also warn unemployment is likely to rise for the rest of the year. EMA Head of Advocacy Alan McDonald says the company's advice line is seeing a wave of inquiries about restructuring and redundancy advice. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

4:02

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/09/27

The property market roared to life in August, according to new data. The Reserve Bank's latest mortgage lending data shows banks issued $5.8 billion worth of mortgages last month- up 15.7 percent from July. NZ Herald Wellington business editor Jenee Tibshraeny says this marks a turnaround for the property market. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:31

Alistair Boyce: Owner of Wellington's Backbencher...

Best of Business ·

2023/09/27

A Wellington business owner is incredibly frustrated over police precautions ahead of a planned protest.Brian Tamaki's Freedoms and Rights Coalition plans action tomorrow, alongside other protests in coming days. Police have shut some roads and access ways to Parliament. Backbencher pub owner Alistair Boyce says it's unnecessary. "They are not a foreign power invading the country- this Parliamentary precinct, at the moment, looks like we're protecting ourselves against tanks and an invading

en-US

4:09

Jamie Mackay: The Country host on farmers expressing...

Best of Business ·

2023/09/26

Farmers have expressed alarm as some banks set targets to reduce emissions when their sector is under growing financial strain. BNZ has confirmed their dairy emissions reduction target is an 11 percent reduction in financed biological emissions intensity by 2030, against a 2022 baseline. Federated Farmers has met with BNZ to raise concerns about the target, as the sector is undergoing a difficult period. The Country's Jamie Mackay explains how these proposed targets would impact the farming

en-US

4:30

Pattrick Smellie: BusinessDesk managing editor on Air...

Best of Business ·

2023/09/26

Air New Zealand is still figuring out how to deal with a shortage of planes after losing some of its fleet. The airline recently had to ground several planes, citing engine issues. BusinessDesk managing editor Pattrick Smellie says Air New Zealand will have to struggle through the aircraft shortage for the next 6 to 8 months- and this may impact services. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

6:46

Edward Miller: First Union Policy Analyst calls for...

Best of Business ·

2023/09/26

First Union are publicly campaigning as the four big banks are raking in mega-profits. They say ANZ, ASB, BNZ and Westpac's profits have increased 80 percent in the past decade- and it's not being passed on to workers or customers. First Union Policy Analyst Edward Miller says staff and customers alike are suffering from increased net interest margins. "We represent bank workers, but we represent workers right across different parts of the private sector- supermarket workers, truck drivers, bus

en-US

3:20

Grant Watson: Synlait chief executive on the company...

Best of Business ·

2023/09/25

Synlait Milk has reported an annual loss of $4.3 million, following a difficult few months for the industry. The Canterbury-based milk processor reportedly earned $38.5 million the previous year. Chief executive Grant Watson aims to turn the company's profit around by diversifying growth strategies and reducing internal costs. "There's a huge amount of effort going on throughout the business to strengthen Synlait up and have it return back to being a very profitable business again." LISTEN ABOVESee

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2:15

Andy Baird: Z Energy Retail General Manager says...

Best of Business ·

2023/09/25

Z Energy says demand for petrol is falling substantially, due to fuel price spikes and lifestyle changes among Kiwis. Brent crude oil prices are at a 10-month high, with 91 fuel reaching $3.20 a litre in some parts of the country. Retail General Manager, Andy Baird says demand for jet fuel remains strong, while the consumer market is under pressure. "And that's, we think, just a factor of the pre-Covid piece. Consumers can work from home and they're doing that, so that's 2 or 3 trips a week they're

en-US

4:10

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

Best of Business ·

2023/09/21

New Zealand's economy is in the green and our technical recession is officially over. Stats NZ says the GDP rose 0.9 percent in the June quarter and 3.2 percent for the year to June. It also revised the figure for the March 2023 quarter to 0 percent - up from a 0.1 percent drop. NZ Herald business editor at large Liam Dann says households are still feeling high interest rates rampant inflation- and economists warn the worst is yet to come. LISTEN ABOVESee omnystudio.com/listener for privacy

en-US

5:53

Miles Hurrell: Fonterra chief executive on the...

Best of Business ·

2023/09/21

Fonterra is reporting profit after tax of $1.6 billion dollars, up 170 percent on last year. It's reporting earnings of 95 cents per share- up from 36 cents per share. The full year dividend will be 50 cents per share, including an interim dividend of 10 cents per share. Fonterra chief executive Miles Hurrell says this result is good for New Zealand's dairy farmers, who have been doing it tough all year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:15

Chris Sakoufakis: Green Parrot co-owner on selling...

Best of Business ·

2023/09/21

It's the end of an era, as a Wellington cultural icon is set to go up for sale. The Green Parrot café, which first opened in 1926, has hosted celebrities, politicians and travellers for the last 97 years. It's on the market - with an asking price of $200,000. Co-owner Chris Sakoufakis says his father, Kosta Sakoufakis, is ready to retire- and he hopes someone else will take it over to the hundred-year mark. "Because I'm so busy with real estate, I can't commit to the Green Parrot. Someone needs to

en-US

2:26

Jarrod Kerr: Kiwibank Chief Economist predicts...

Best of Business ·

2023/09/21

Some good economic news, for now. Stats NZ figures show GDP increased 0.9 percent in the three months to June, and 3.2 percent in the year to June. The figure for the March quarter has been revised to 0 percent - up from a 0.1 percent drop. But Kiwibank Chief Economist Jarrod Kerr says they're still predicting a double-dip recession. "We think the second half of this year will be quite painful for households- we still have a lot of households rolling off very low interest rates onto higher interest

en-US

2:57

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/09/20

An increasing number of people are dipping into their retirement savings to meet soaring living costs. KiwiSaver members made 18,291 withdrawals worth an average of $7921 over the year, according to new data. NZ Herald Wellington business editor Jenee Tibshraeny explains why this is happening. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:09

Dan Mitchinson: US correspondent on Elon Musk hinting...

Best of Business ·

2023/09/20

Elon Musk has hinted that Twitter, now X, could soon go behind a paywall. Currently, the platform only charges users for the service X Premium, which offers benefits such as a verification badge. US correspondent Dan Mitchinson says Elon believes the fee would keep bots and artificial accounts away, an issue that has plagued the platform. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:13

Paul Bloxham: HSBC chief economist says New Zealand's...

Best of Business ·

2023/09/19

A leading economist believes New Zealand's economy is at the "bottom edge" when compared to other developed countries. This follows the Government laying out their Pre-Election Economic and Fiscal Update and revealing a surplus has been pushed out an extra year amid a lower tax take. HSBC's Paul Bloxham says inflation isn't coming down fast enough, when compared to other countries. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:35

Ray Chung: Wellington City Councillor thinks Tory...

Best of Business ·

2023/09/19

One City Councillor reckons the Wellington mayor's business delegation could've been cheaper. Tory Whanau and several council officials are visiting China, Japan, and South Korea to promote Wellington as a city to live and do business. It comes at a cost of around $50,000. Councillor Ray Chung says not everyone who's on the trip needed to be there. "What reason would a wellness manager have to go on a trip like this?" LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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