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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

4:27

Mark Casey: ASB Chief Economist says removing GST...

Best of Business ·

2023/07/27

An economist says removing GST from fruit and vegetables can become very complicated in practice. National claims it is part of Labour's election tax policy, but Prime Minister Chris Hipkins is refusing to either confirm or deny it. Nicola Willis says she has been leaked the information. ASB Senior Economist Mark Smith told Francesca Rudkin the extra administration to do this comes at a cost. He says ideally you would take a targeted approach, but that is hard to do. Smith says other countries ask

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4:18

Jason Ennor: My HR chief executive on the report...

Best of Business ·

2023/07/27

Cautious optimism prevails throughout small and medium businesses, a new report finds. My HR data reveals almost two thirds of companies expect revenue to improve in next year and 60 percent of businesses expect to raise salaries in the coming months. My HR chief executive Jason Ennor says many of these businesses feel that they've reached rock bottom- and it's all up from here. "We have seen an alarmingly high number of businesses go to the wall, but those that have survived, those that are still

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3:47

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/07/26

Former Reserve Bank governor Don Brash believes the RBNZ should be empowered to lift fuel taxes to fight inflation. He stated in a blog post that increased fuel taxes would encourage people to to reduce their spending elsewhere- meaning inflation would fall. NZ Herald Wellington business editor Jenee Tibshraeny says Don Brash's proposed solution is 'messy', and it would impact people differently. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:40

Bodo Lang: Massey University marketing professor says...

Best of Business ·

2023/07/26

New research shows consumers are gravitating towards home brand products due to the rising cost of living. EY data indicates that 65 percent of people believe these home brand products satisfy their needs as much as branded products. The data also shows Gen Z are less willing to buy private label products than Baby Boomers, Gen Xers and Millennials. Massey University marketing professor Bodo Lang says the cost of living is definitely a factor- but notes that retailer marketing has gotten more

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3:16

Daryl Gibbs: School principal disappointed vaping law...

Best of Business ·

2023/07/25

Disappointment vaping law changes won't stop new sales near schools and marae. A loophole in the law banning specialist vape stores from setting up within 300 metres of schools or marae from October, exempts dairies and supermarkets. The Health Ministry has confirmed general retailers which don't currently sell vapes can still set up after October 1. Cambridge Middle School Principal Daryl Gibbs told Mike Hosking they had hoped the ban would help. He says supermarkets and dairies are often closer to

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3:34

Jamie Blennerhassett: Federated Farmers VP says some...

Best of Business ·

2023/07/25

Federated Farmers says some North Island maize growers are facing financial disaster after a poor season. It's expected there'll be a 13 percent decrease in the harvest, despite a four percent increase in the size of the planted crop. Vice President Jamie Blennerhassett says weather events have destroyed crops. He says this year has also seen record-high input costs and growers have had to replant many times without financial gain. LISTEN ABOVE See omnystudio.com/listener for privacy

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3:33

Angus Luffman: Financial services expert on report...

Best of Business ·

2023/07/25

People are back buying cars and doing home renovations again - with demand for credit on the rise. A quarterly report by financial services company Equifax shows a 5.3 percent rise in applications in the three months to June - however mortgage finance remains subdued. Equifax New Zealand Managing Director Angus Luffman told Kate Hawkesby says it follows seven quarters of decline. He says the increase is being driven by unsecured credit among applicants 30 years and older. LISTEN ABOVE See

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3:18

Mike Lee: Auckland Councillor gobsmacked at $190m...

Best of Business ·

2023/07/25

An Auckland councillor is gobsmacked at the spend on lawyers and consultants. The council has paid out $190-million to the Big 4 global accountants and large law firms over the past five years. It's an average cost to ratepayers of more than $100,000 a day. Councillor Mike Lee told Mike Hosking it's deeply troubling and there's been a lack of transparency. He says the scale of spending was hidden from the council and Mayor and it's time to open up the books. LISTEN ABOVE See omnystudio.com/listener

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2:30

Paul Bloxham: HSBC Chief Economist predicts house...

Best of Business ·

2023/07/25

House prices have been falling, but the tide may turn soon enough. HSBC predicts house prices will rise again by 5 percent in 2024, with a strong rebound in migration supporting demand. Chief Economist Paul Bloxham says the increased number of migrants will drive prices up again, as this has already happened in Australia. "Now you're seeing really strong inward migration and we think that will start to lift house prices. It's certainly what's happened here in Australia already." LISTEN ABOVESee

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5:25

Greg Smith: Finance expert says everyone knew Twitter...

Best of Business ·

2023/07/24

The Twitter bird has flown the coop. The platform's logo has officially changed to a white "X" on a black background overnight, replacing the familiar blue bird symbol. It's the latest change by new owner Elon Musk. Greg Smith at Devon Funds Management told Mike Hosking everyone knew the change was coming. He says tweets will now be called 'Xs' - but Musk is still thinking of what to call re-tweets. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:06

Kate Hawkesby: Is Marc Ellis right about New Zealand?

Best of Business ·

2023/07/20

After yesterday’s shooting in Auckland, those words are still hard to believe - 'shooting in Auckland', a lot of debate’s been thrown up around law and order, crime, people on home detention, discounts given to offenders and so on. There are those saying this was only a matter of time given the state of law and order in this country these days. I know the state of our country right now is enough to drive people out, I know many who are doing just that - upping sticks and leaving. I don't know him

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1:53

Rob Clark: Seek NZ manager on data showing a three...

Best of Business ·

2023/07/20

Last year's job boom hasn't followed into this year. New Seek data shows a three percent decline in job ad volumes over June, adding to a 21 percent annual drop. Auckland saw the biggest monthly drop in job ads by four percent, while Northland was the only region that saw an increase, while Manawatu recorded no change. New Zealand manager Rob Clark says it's a much different job market from 2022. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:47

Paul Clark: Tourism Industry Economist says industry...

Best of Business ·

2023/07/20

A new Westpac report has revealed our tourism is doing well - but could do better. The latest Westpac Economic Tourism bulletin shows while the sector has seen some recovery, businesses will need to adapt to the changing market. Industry Economist Paul Clark told Kate Hawkesby the industry is going to find it increasingly challenging to make a profit. He says while the trajectory of international passenger arrivals has started to taper off - the sector is still hopeful. LISTEN ABOVE See

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6:03

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

Best of Business ·

2023/07/20

Meta's launch of Threads has left analysts and experts wondering what this new platform will do for the company's bottom line. Threads has generated over 100 million sign ups in less than a week and made Meta's shares jump by 6 percent. Fisher Funds senior portfolio manager Sam Dickie says Threads generated plenty of excitement in the early days, and will likely boost earnings down the line. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:56

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

Best of Business ·

2023/07/20

Cheese prices still remain high- and they may be responsible for inflation being stubbornly high. Stats NZ singled cheese prices out as being one of the culprits responsible for a 6 per cent increase in the Consumers Price Index for the June year. NZ Herald business editor at large Liam Dann says cheese prices are still high despite a fall in GDT auction prices- and demand is clearly high. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:06

Wayne Langford: Federated Farmers President says the...

Best of Business ·

2023/07/20

Farmers are delighted to see a taxpayer top up towards more ambitious Fonterra climate goals. Fonterra is putting up to $790 million towards halving manufacturing emissions by 2030, and the Government's adding an extra $90 million. Federated Farmers President Wayne Langford says most Kiwis should appreciate these moves to reduce emissions. "I think it'll be a huge step forward. I think Fonterra are already heading in that direction, and obviously they've already got $790 million planned for

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3:20

Business NZ CEO Kirk Hope discusses inflation figures

Best of Business ·

2023/07/19

Inflation has finally fallen to six percent but how are we looking in the domestic front? Businesses are continuing to struggle with less demand and less spending. But with China's market back open the pressure may start lifting. Business NZ CEO Kirk Hope joined Kate Hawkesby to discuss the topic. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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6:34

Grant Robertson: Finance Minister says several...

Best of Business ·

2023/07/19

The Finance Minister says several factors are continuing to keep inflation historically high. The Consumers Price Index rose six percent in the year to June. That's down on 7.3 percent in the year to June last year, but still well above the Reserve Bank's target range of one to three percent. Grant Robertson told Mike Hosking the price of imported building supplies continues to rise, and severe weather events like Cyclone Gabrielle have had a huge effect. He says weather damage has particularly

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3:43

Megan Woods: Energy and Resources Minister on Govt...

Best of Business ·

2023/07/19

The Government is putting $90 million dollars towards Fonterra, to halve manufacturing emissions within the next seven years. Fonterra is investing $790 million dollars towards the goal. Energy and Resources Minister Megan Woods told Mike Hosking there shouldn't be any economic concerns about climate-friendly policies. She says this is about future proofing the country and getting well paid jobs. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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9:00

The Huddle: Are today's CPI figures the start of a...

Best of Business ·

2023/07/19

Tonight on The Huddle, Trish Sherson from Sherson Willis PR and Ben Thomas from Ben Thomas PR joined in on a discussion about the following issues of the day- and more! Prime Minister Chris Hipkins says the Government's creating a new offence targeting ram raid offending and allowing 12 and 13 year olds to be charged in the youth court. Is there any merit to these changes? The Consumers Price Index has dropped from 6.7 percent to 6, leading the Government to claim victory over the nation's fight

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3,595 results

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