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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

3:41

Jithin Chittibomma: Sandringham Business Association...

Best of Business ·

2023/07/06

Fog cannons don't always stop robberies. An Auckland dairy owner's wife and a customer were injured by robbers with hammers at Jyoti's Dairy in Mount Roskill yesterday. The criminals fled with tobacco and cash. Sandringham Business Association's Jithin Chittibomma says fog cannons don't stop violent attacks. "It works as a deterrent for young criminals, maybe, but not these kind of criminals who've made up their mind and come in prepared. They clearly timed it well. No fog cannon's going to stop

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6:07

Tom O'Sullivan and Sam Fowler: Campaign for Wool NZ...

Best of Business ·

2023/07/05

The Education Ministry has opted for an American carpet supplier, rather than buy New Zealand wool for 600 small and rural schools, They've gone for nylon tiles instead. General Manager of Campaign for Wool NZ Tom O'Sullivan and Head of Property for the Ministry of Education Sam Fowler joined Tim Dower. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:18

Gareth Kiernan: Infometrics Chief Economist on export...

Best of Business ·

2023/07/05

Export prices for meat and logs tumbled in June as slower-than-expected Chinese economic growth impacted demand. The ANZ World Commodity Price Index fell 2.3 percent month on month in June, but the meat and fibre index dropped 7.8 percent. Infometrics Chief Economist Gareth Kiernan says weak demand across Europe and China paired with increased supply from Australia and South Africa created a 'perfect storm'. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:11

Sam Trethewey: Milford Asset Management Portfolio...

Best of Business ·

2023/07/05

The local share market has had a lacklustre first half of 2023, but the tide may soon turn. Milford Asset Management Portfolio Manager Sam Trethewey says investors have had a lot to digest this year, but the strong return of migration and dwindling rate hikes show a clear path forward. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:48

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/07/05

According to the Government's latest accounts, businesses paid 10.7 per cent less tax than expected in the 11 months to May. The Crown received $2 billion less in corporate tax than the Treasury forecasted at the May Budget. NZ Herald Wellington business editor Jenee Tibshraeny says it's been 48 days since the Government delivered a forecast and being off target already is not a good sign. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:27

Michael Reddell: former Reserve Bank economist says...

Best of Business ·

2023/07/05

A former Reserve Bank economist's dampening worries about a deterioration in the Government coffers. Treasury's latest Crown accounts show the tax take for the 11 months to May was $2.2 billion lower than expected. Meanwhile, debt is more than $5 billion dollars greater than anticipated. Michael Reddell says we shouldn't overdo concerns - and forecasting is a tough game. "So it's weaker than expected, but the big uncertainties that people are grappling with is- how quickly is the monetary policy

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4:43

Richard Arnold: US Correspondent says Meta's new...

Best of Business ·

2023/07/04

Facebook owner Meta is set to unveil its new app to rival Twitter. 'Threads' is a text-based conversation app that will be linked to Instagram, which teased a Twitter-like micro-blogging experience. US Correspondent Richard Arnold told Tim Dower this isn't the first time Meta has tried to replicate popular forms of social media. He says many have tried to dent Twitter in the past and failed, but Meta has copied other rivals in the past with stories aimed at Snapchat and reels rivalling TikTok. It's

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2:58

Nick Goodall: CoreLogic Head of Research says latest...

Best of Business ·

2023/07/04

Latest CoreLogic data shows the property market may have further to fall. The value of properties across the country weakened last month, down 1.2 percent compared to 0.7 percent the previous month. Most of the main centres saw larger declines with Auckland dropping three percent, but Wellington was a less extreme drop of 0.6 percent. Head of Research, Nick Goodall says it brings uncertainty to the market. He says it could lead to a bit of a slow down in activity, but there are parts of the market

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4:26

David Banfield: Comvita CEO on the company acquiring...

Best of Business ·

2023/07/04

Honey producer and exporter Comvita has expanded into Singapore- and they're eyeing future growth. The company have bought honey retailer HoneyWorld Singapore and their associated consumer brands in a deal worth $10.4 million NZD. Comvita CEO David Banfield says the region is predisposed to their product- leaving lots of room for future expansion. "It just really gives us an opportunity to tell our story to consumers from around the world that connect, either with Asia or people from Asia connecting

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3:42

Pattrick Smellie: BusinessDesk managing editor on 59...

Best of Business ·

2023/07/04

Business confidence has improved in the latest survey from NZIER, but there are worries in the mix. Quarterly Survey of Business Opinion data shows 59 percent of businesses expect a deterioration of business conditions, down from 63 percent. BusinessDesk managing editor Pattrick Smellie says businesses are worried about soft sales as the economy slows down. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:17

Stephen Toplis: BNZ Economist says pessimistic...

Best of Business ·

2023/07/04

Will the latest business confidence survey findings kill off thoughts of another Official Cash Rate hike? Latest Economic Research Institute data shows 59 percent of businesses expect economic conditions to deteriorate in coming months. That's down from 61 percent last quarter. BNZ Economist Stephen Toplis says he thinks the hikes are over. He says the figures will indicate to the Reserve Bank it's on track for getting inflation where it wants. "And on track to getting the labour market where it

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12:33

Nigel Latta: Clinical psychologist on his new series...

Best of Business ·

2023/07/03

When you hear the name Nigel Latta, what comes to mind? He's taught us about criminals, raising kids, travelling and managing money. Now the Order of New Zealand recipient and clinical psychologist is back after five years away from our screens. He has a new four-part series, which debuted last night, called 'You've Been Scammed by Nigel Latta' which is aimed at teaching us all about how to see through and deal with a scam. Nigel Latta joined Tim Dower. LISTEN ABOVESee omnystudio.com/listener for

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3:18

Keith McLaughlin: Centrix director says people who...

Best of Business ·

2023/07/03

Rising interest rates are affecting some people more than others. Latest figures from credit bureau Centrix has found 426,000 New Zealanders are now behind on debt repayments, making up 11.7 percent of people with active credit. It's the first time arrears have surpassed the levels reached in 2019. Centrix managing director Keith McLaughlin told Tim Dower people who have recently reached the life stage of buying their first home are finding it tougher right now. He says people who have been

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6:05

Andrew Kelleher: JMI Wealth Director says building...

Best of Business ·

2023/07/03

Building consents are unlikely to see a return to last year's spike. Stats NZ says consents fell 11 percent in the year to May. JMI Wealth Director Andrew Kelleher says stand alone home consents have been falling for a while, but now we're seeing consents for multi-unit builds decreasing as well. He told Tim Dower that's unlikely to change anytime soon. Kelleher says consents could fall even further because of headwinds like increased costs and higher interest rates. LISTEN ABOVESee

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3:35

Malcolm Fleming: Certified Builders Assn CEO says...

Best of Business ·

2023/07/03

Building consents are coming back to earth after record highs last year. Stats NZ says consents fell 11 percent in the year to May. Certified Builders Association Chief Executive Malcolm Fleming says homeowners are favouring doing up their own houses instead of building new ones. He told Francesca Rudkin that doesn't mean builders haven't been busy. Fleming says there was already existing high demand so builders have good workloads. LISTEN ABOVE See omnystudio.com/listener for privacy

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3:59

Alan McDonald: EMA Head of Advocacy and Strategy...

Best of Business ·

2023/07/03

Auckland business representatives have slammed the uptick on closures and restrictions on the Harbour Bridge as 'disruptive'. Strong wind gusts have shut sections of the bridge and caused speed restrictions twice today. EMA Head of Advocacy and Strategy Alan McDonald says Waka Kotahi needs to be more thoughtful about the impact frequent closures have on businesses. "We've got to be a bit more thoughtful about the disruption that's causing to businesses in the central city, across the city, the

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3:16

Nadine Higgins: Enable.me financial adviser says ASB...

Best of Business ·

2023/07/03

ASB customers faced unpleasant news when the bank lifted six-month and one-year mortgage rates to 7.25 percent. Kiwibank has also increased rates- their six-month rate is now 7.15 percent, a one-year rate 6.89 percent and a two-year rate 6.59 percent. Enable.me financial adviser Nadine Higgins says this move is unjustified for everyday mortgage holders, as the OCR hasn't budged. "Normally rates move either by the official cash rate going up or wholesale rates going up. And neither of those things

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41:11

Tony Alexander: Is buying as lucrative as it's made...

Best of Business ·

2023/07/01

Economist Tony Alexander joins the Weekend Collective to discuss whether buying is as lucrative as it’s made out to be- or does it just create more stress? LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:09

Mike's Minute: The gig is up on assisted petrol prices

Best of Business ·

2023/06/29

It's all over. Today our petrol goes up 29c per litre. It's at this point you will realise, if you haven't already, what a madly, false world of cocked-up economics we have all been living in. Money the Government never had was spent to save us from the real world. As we pointed out at the time, once you tap into that world of the false economy, you can't easily extract yourself. At some point reality has to return and someone has to pay the bill. The oddity was that it came in when oil was at about

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3:41

Owen Vaughan: OneRoof Editor on house price report...

Best of Business ·

2023/06/29

After over a year of decline, some house prices are on the road to recovery. The latest OneRoof report shows quarterly value growth in 107 metro suburbs - with growth stronger in Christchurch while Auckland, Dunedin and Wellington play catch-up. Almost half of those suburbs recorded a quarter on quarter increase, with 17 suburbs values growing more than 1 percent. OneRoof Editor Owen Vaughan joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3,595 results

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