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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

3:30

Roger Gray: Ports of Auckland CEO says their success...

Best of Business ·

2023/08/23

Auckland's port company has come back strongly after navigating some choppy financial waters. It's confirmed this year's net profit after tax increased by more than $50 million, following last years $10 million loss. The dividend to its parent Auckland Council have also increased by $15.8 million, to $30 million. Ports of Auckland CEO Roger Gray told Mike Hosking their continued success is dependant on a strong economy, but things are looking promising. Gray says the long term goal is to get to $80

en-US

3:58

Brad Olsen: Infometrics principal economist on retail...

Best of Business ·

2023/08/23

Retail spending is continuing to decline as people opt to spend less money, according to new Stats NZ data. The total volume of retail sales fell 1 percent in the June quarter compared to the March quarter in the third consecutive quarterly decline, following on from March and December. Infometrics principal economist Brad Olsen says inflation and interest rates are finally hitting consumers, forcing households to tighten their belts as more people join the economy. LISTEN ABOVESee

en-US

4:38

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/08/23

ANZ has followed in ASB's footsteps in lifting mortgage and term deposit rates. Most of the increases target mortgages with two or more years, raising most of those rates by 20 basis points. NZ Herald Wellington business editor Jenee Tibshraeny says ANZ is blaming rising wholesale interest rates and inflation for these hikes- but it's tough to say if this is a justification. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:38

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/08/23

ANZ has followed in ASB's footsteps in lifting mortgage and term deposit rates. Most of the increases target mortgages with two or more years, raising most of those rates by 20 basis points. NZ Herald Wellington business editor Jenee Tibshraeny says ANZ is blaming rising wholesale interest rates and inflation for these hikes- but it's tough to say if this is a justification. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

4:31

Mark Riggall: Milford Asset Management portfolio...

Best of Business ·

2023/08/23

Several Kiwi businesses are feeling the impacts of a tougher economic climate as they report their earnings. Significant cost inflation and rising interest rates have impacted demand, and New Zealand's biggest companies aren't immune to the associated cost challenges. Milford Asset Management portfolio manager Mark Riggall says it's gotten harder for businesses to offset input prices with consumer demand. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3:04

Kate Hawkesby: The dining experience has changed -...

Best of Business ·

2023/08/22

So our post-pandemic dining behaviours, according to this Herald article I read, talked about how much more expensive dining out is these days - $50 mains it quoted. The upshot is we appear to be getting less food for more money, restaurants are getting tougher on turning tables, and people are dining earlier. The reporter asked, ‘what’s happened to hospitality?’ and I take her point. It can feel like it’s not all that hospitable anymore. The last time we dined in Auckland’s CBD at a well-known

en-US

2:40

Paul Osborne: CARJAM CEO on Waka Kotahi wanting to...

Best of Business ·

2023/08/22

There are fears a plan to charge for stolen vehicle records will make one car ownership record provider's business unaffordable. Waka Kotahi plans to charge 19 cents for each query for stolen vehicle records from next month, while the Police service will remain free. CARJAM argue while they do charge for some information, this'll cost them around $1.5 million per month. CEO Paul Osborne told Mike Hosking they used to get a lot more data from Waka Kotahi for free. He says in 2011 they began charging

en-US

4:44

Alex Cowdell,: Canterbury Bulk Freight MD says there...

Best of Business ·

2023/08/22

Cancelled ferry sailings are causing a headache for freight. Interislander's Kaitaki sailings were cancelled Wednesday through to this Thursday afternoon as a safety precaution after weather-related damage. A door on the ship was hit by a large wave and needed to be looked at and repaired. Its Aratere ferry put on extra freight sailings to compensate. Canterbury Bulk Freight Managing Director, Alex Cowdell, says this is the latest in the ongoing saga of ferry problems, that have hurt their

en-US

3:26

Stephen Jacobi: International business expert says...

Best of Business ·

2023/08/22

One of the largest business delegations from this country to India could strengthen economic ties. The 50 business people will travel to the nation this week. India's economy is expected to be the world's third largest economy by 2030. New Zealand International Business Forum Executive Director Stephen Jacobi told Mike Hosking it could be beneficial for both nations. He says our trade doesn't reflect the strength of India's economy, or New Zealand's export economy. LISTEN ABOVE See

en-US

3:22

Jamie Mackay: The Country host on US sheep farmers...

Best of Business ·

2023/08/22

US sheep farmers are calling for further tariffs to be imposed on New Zealand sheep meat imports in order to save their industry. Trade and Export Growth Minister Damien O’Connor has expressed concern over this bid, and the ministry has approached the relevant US agencies. The Country's Jamie Mackay says domestic lamb and mutton production is down 60 percent in the US, and farmers have been taking a hit. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:28

Paul Bloxham: HSBC chief economist predicts...

Best of Business ·

2023/08/22

On the other side of the Tasman, Australians are wondering how much further interest rates can rise. Australia's current OCR is sitting at 4.10 percent, and economists are predicting the RBA will hike interest rates again before the year is out. HSBC chief economist Paul Bloxham says inflation is likely to persist longer, and the Reserve Bank will have to lift interest rates by the fourth quarter of 2023. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

5:02

Anna Mowbray: Kiwi entrepreneur launches new app ZEIL...

Best of Business ·

2023/08/22

Kiwi entrepreneur and Zuru co-founder Anna Mowbray has launched a new app designed for the younger wave of job-seekers. Dubbed as 'Tinder for jobs', ZEIL allows candidates to easily browse through and save jobs they're interested in applying for. Mowbray explains that the app will connect job-seekers and employers in a more engaging, enjoyable and intuitive way. "What's really incredible as well is that organisations can showcase themselves in a completely different light. Rather than Seek or

en-US

5:08

Kirk Hope: CEO of BusinessNZ on data showing sick...

Best of Business ·

2023/08/21

Numbers have been released around how expensive sick days are for businesses. On average, each worker is taking five and a half sick days a year, which all up is costing $2.86 billion per year for the total economy. This could increase in the coming years, considering the legislation change that all businesses need to offer a minimum of 10 days. And quiet quitting is real - 22 percent of surveyed businesses say their employees have signalled intentions to only work within defined work hours. Kirk

en-US

4:12

Mark Troughear: Freightways Chief Executive on the...

Best of Business ·

2023/08/21

Freightways have their sights set on a listing across the ditch, following a solid performance led by the Allied Express acquisition. The company today posted a 29 percent revenue lift since the expansion- profit rose to $1.12 billion in the year to the end of June. Chief Executive Mark Troughear says the Australian market presents 'massive' expansion opportunities for the future. "The market share opportunities are massive, they're a good operator, they're in a good niche, and it's a very big

en-US

3:34

Ryan McArthur: Beervana Event Manager says...

Best of Business ·

2023/08/17

Wellingtonians are finally snapping up tickets to the city's craft beer festival. Two Beervana sessions are fully sold out, overturning concerns people weren't keen this year. Event Manager Ryan McArthur says there's a lot to get excited about this weekend. He says almost 60 breweries are represented, some from Australia, and about 340 brews to try. LISTEN ABOVE See omnystudio.com/listener for privacy information.

en-US

3:27

James Smith: National Road Carriers spokesperson says...

Best of Business ·

2023/08/17

Mixed feedback for the Government's three-year transport budget. It's proposing a 12 cent fuel tax rise, to fund more than $20 billion of infrastructure, road maintenance, upgrades and public transport. National Road Carriers spokesperson, James Smith told Mike Hosking it's great to acknowledge infrastructure needs, but disappointing taxes are being used as the sole funding solution. He believes greater use of toll roads, and value capture has to be looked at. Value capture occurs when industries

en-US

3:30

Carolyn Young: Retail NZ CEO says Countdown's trial...

Best of Business ·

2023/08/17

There's a view from a retail boss that Countdown trialling cameras in the self checkout area is to catch thieves rather than people who make mistakes. The chain is trialling the method in five stores which records the customer and transaction, seeing what items are scanned as the wrong thing. Retail NZ Chief Executive, Carolyn Young, told Mike Hosking crime and theft is a massive issue, and retailers have seen an uptick on the back of Covid. LISTEN ABOVE See omnystudio.com/listener for privacy

en-US

3:31

Dom Kalasih: Transporting NZ Interim CEO says...

Best of Business ·

2023/08/17

The transport industry is warning everyone will feel the pain if fuel tax increases. The Government is proposing a 12 cent rise over the next three years, to fund infrastructure, road maintenance, upgrades and public transport. More than a dozen routes will be prioritised - from State Highway 1 linking Warkworth to Whangarei, right down to a second bridge for Ashburton. Transporting NZ Interim CEO, Dom Kalasih told Kate Hawkesby trucking costs would rise by 13 percent. He says motorists will be hit

en-US

3:48

Sam Dickie: Senior portfolio manager talks about...

Best of Business ·

2023/08/17

Weight loss drugs have been the talk of the market recently. Fisher Funds' Sam Dickie talks to Heather du Plessis-Allan about the topic.See omnystudio.com/listener for privacy information.

en-US

4:45

Liam Dann: NZ Herald Business Editor at Large on...

Best of Business ·

2023/08/17

National wants to give people the ability to invest in multiple KiwiSaver providers. Chris Luxon was speaking at a financial services council event. NZ Herald Business Editor at Large spoke to Heather du Plessis-Allan. LISTEN ABOVESee omnystudio.com/listener for privacy information.

en-US

3,595 results

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