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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

5:25

Wayne Brown: Auckland Mayor on Budget announcement,...

Best of Business ·

2023/05/31

Auckland Mayor Wayne Brown has made a last-minute bid to build support for a $2.3 billion sale of the council’s airport shares ahead of releasing his final budget proposal today. Councillors were called to two confidential meetings yesterday, one in the morning on the sale of the airport shares and one yesterday afternoon to discuss a draft of the mayor’s final budget proposal. Brown will release his final budget proposal in the board room at Auckland Transport at 8.30am this morning - a day later

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2:43

Robert Stubbs: Forestry operator shutting up shop...

Best of Business ·

2023/05/31

Increasing concern has come that the forestry sector isn't being run in a sustainable way, with businesses on the chopping block. A 23-year-old business is shutting up shop due to a raft of troubles, including rising costs, slim margins and export log prices continuing to fall. Stubbs Contracting owner Robert Stubbs told Mike Hosking it's been a slippery slope for the last three years, since Covid. He says fluctuation of market prices since then has increased debt to an unsustainable level. LISTEN

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3:35

Keith McLaughlin: Centrix Managing Director on...

Best of Business ·

2023/05/31

Cost of Living pressures don't look like they are abating anytime soon but we may actually just be acclimatising to our new norms. The latest Centrix credit indicator shows that for the first time in eight months, there's been a reversal of the increase of arrears in home lending or mortgages. Arrears were sitting at 11.8 per cent in march but have now dropped to 11.3 per cent with a decline in the number of accounts behind on payments for nearly every product, except vehicle loans. Managing

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3:33

Owen Vaughan: OneRoof Editor on latest data...

Best of Business ·

2023/05/31

The tide may be turning on tumbling property values after three analysts all judged fresh real estate data shows a “possible floor in [house] prices is approaching”. New reports from OneRoof, CoreLogic and ANZ Bank point to potentially better times ahead for homeowners, despite interest rates likely staying higher for longer. Today’s latest OneRoof-Valocity House Index showed New Zealand’s average property value fell 2.3 per cent ($22,000) to $950,000 in the three months to the end of May, as

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3:42

Brad Olsen: Infometrics Principal Economist on job...

Best of Business ·

2023/05/31

Job growth continues to shoot up, with April's 0.6 percent increase continuing the trend of previous months. The largest reported increases were in accommodation, food services, healthcare and manufacturing, with only agriculture, forestry, and fishing trending down. Infometrics Principal Economist Brad Olsen says these growth figures are a double-edged sword, as they don't signal that the economy is moving towards a more sustainable place. LISTEN ABOVESee omnystudio.com/listener for privacy

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2:47

Jeremy Hutton: Milford Asset Management Equities...

Best of Business ·

2023/05/31

Economists and the Reserve Bank have been laying out their predictions on house prices. The RBNZ recently increased their house price forecast track in their Monetary Policy Statement- but they still expect some house price falls. ANZ economists followed suit, raising their price forecasts and citing positive net migration as a key factor. Milford Asset Management Equities Analyst Jeremy Hutton says this indicates market consensus believes peak bad news in the housing market is trending down. LISTEN

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3:11

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/05/31

Confidence in the economy is rebounding- but this positivity will make things harder on the Reserve Bank. According to ANZ's Business Outlook survey, business confidence lifted 13 points from -43.8 to -31.1, while expected own activity rose from -7.6 to -4.5. NZ Herald Wellington business editor Jenee Tibshraeny says this is a double-edged sword for the economy, as the Reserve Bank is still trying to force an economic slowdown to reduce inflation. LISTEN ABOVESee omnystudio.com/listener for privacy

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2:40

Kimberly Crewther: Dairy Companies Association...

Best of Business ·

2023/05/31

The Dairy Companies Association of NZ welcomes the beginning of the nation's Free Trade Agreement with the UK. It came into force today, and the wine, honey, red meat and dairy sectors all set to benefit from significantly improved access. DCANZ Executive Director Kimberly Crewther says this is a really significant day for the dairy industry and presents good news to struggling Kiwi farmers. "The UK is the second largest dairy import market globally, and what we have is a deal that is going to

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3:06

Irene Gardiner: NZ Screen Producers Guild President...

Best of Business ·

2023/05/30

Some good news has come for the screen production industry with the Government proposing a tweak to the current Screen Production Grant, starting with a name change to the Screen Production Rebate. The say the rebate will be made simpler, more competitive and easier to access. This includes the post-production, digital and visual rebate returning to a flat rate of 20 per cent, and the qualifying expenditure threshold for the post-production, digital and visual effects rebate dropping from $500,000

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3:40

Greg Foran: Air New Zealand Chief Executive not...

Best of Business ·

2023/05/30

Air New Zealand's boss isn't taking its latest award for granted. The company has been crowned AirlineRatings.com's Airline of the Year, beating the last winner Qatar Airways. Air New Zealand Chief Executive, Greg Foran told Mike Hosking there's still more for them to work on, following the pandemic. He says they'll reflect on the win, but he wouldn't say the airline is fully back to normal following the pandemic. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:59

Troy Patchett: Property development expert says...

Best of Business ·

2023/05/30

National's U-turn on housing density is one of many factors leading developers to put their projects on ice. The party has pulled out of its bi-partisan agreement with Labour, confirming it will allow councils to opt out of legislation allowing three-storey homes on most residential land. Subdivide Simplify Head of Strategy Troy Patchett says it will put developers off making decisions. But he told Mike Hosking it's just one of many factors creating uncertainty. "There's lending, there's

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3:45

Justin Tighe-Umbers: National Road Carriers CEO says...

Best of Business ·

2023/05/30

Disappointment at the idea of hiking fuel taxes. Treasury warns rising costs in the transport sector and a large loan granted to Waka Kotahi may mean an increase in Fuel Excise Duty and Road User Charges is needed. It says they may need to go up from July 1 next year. National Road Carriers Chief Executive Justin Tighe-Umbers told Mike Hosking first we need to spend on what's essential - and then fix the funding model. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:41

Stuart Taylor: Craigmore Farming GM on their trial to...

Best of Business ·

2023/05/30

Farming produces by-products and there is one by-product in particular that has become an increasing issue in recent times; effluent, and in particular, methane emissions from farm effluent ponds. A trial by Craigmore Farming in North Canterbury will test a system designed to remove nearly all of that methane. Craigmore General Manager Stuart Taylor joined Roman Travers to discuss their plans. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:40

Richard Kennedy: Recruitment expert on NZ’s top 20...

Best of Business ·

2023/05/30

Air New Zealand has been named New Zealand’s Most Attractive Employer for the seventh time, according to Randstad’s latest Employer Brand Research. The HR and recruitment specialist surveyed 4302 Kiwis, with the market’s 150 largest employers eligible for the recognition. While Air New Zealand bumped last year’s winner, Evolve Education, it could be seen as a continuation of its dominance in the category, given Randstad doesn’t allow an organisation that wins the most attractive employer accolade

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4:22

Billy Clemens: Transporting NZ Policy Advisor says...

Best of Business ·

2023/05/30

It's a challenging time for transport funding. Treasury says Fuel Excise Duty or Road User Charges may need to go up in a year's time to manage pressures on the National Land Transport Fund and a loan granted to Waka Kotahi. But, Transport Minister Michael Wood says he doesn't want to foreshadow Cabinet consideration of the upcoming transport budget. Transporting New Zealand Policy Advisor Billy Clemens told Tim Dower there are challenges with the user pays model. He says there's an increasing

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4:58

Paul Bloxham: HSBC Chief Economist says the OCR has...

Best of Business ·

2023/05/30

Reserve Bank Governor Adrian Orr indicated the 25bps increase to 5.5 percent is as high as the OCR will go for the foreseeable future. Orr explained that the OCR will have to stay at 5.5 percent for much of next year to bring down inflationary pressures. HSBC Chief Economist Paul Bloxham agrees that the OCR has peaked and doesn't think the Reserve Bank will hike rates up. He says the next direction for the OCR is down, and the earlier hikes have already tipped the economy into a recession. LISTEN

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3:20

Jamie Mackay: host of The Country on farmers facing...

Best of Business ·

2023/05/30

Sheep and beef farmers are experiencing record on-farm inflation levels for the second year in a row. Beef + Lamb NZ's report Sheep and Beef On-farm Inflation 2022-23 shows on-farm inflation is at 16.3 percent, a 40-year high. In March, Beef + Lamb NZ forecasted a 30 percent decrease in average farm profit based on estimated on-farm inflation of 12–13 percent. The Country's Jamie Mackay says this is crippling for farmers, as this higher-than-expected figure will lead to profits decreasing

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4:01

Pattrick Smellie: BusinessDesk managing editor on the...

Best of Business ·

2023/05/30

The big four Australian banks have been given a deadline for establishing open banking standards. Payments NZ’s API Centre has published a “minimum open banking implementation plan”, giving ANZ, ASB, BNZ, and Westpac until 2024 to prepare. Open banking refers to the tech-driven revolution in financial services overseas involving non-bank tech companies improving services for consumers. BusinessDesk managing editor Pattrick Smellie says this 2024 deadline was a 'regulatory stick' for the banks to

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3:59

Danny Gelb: employment law advocate says uptick in NZ...

Best of Business ·

2023/05/30

New Zealand businesses wary of burning out staff are taking steps to reduce employees working when on annual or sick leave. A recent survey revealed nearly half of Kiwi employees are too stressed to do their jobs properly. Employment law advocate Danny Gelb says this uptick in businesses locking staff out of work I.T systems while on leave is out of genuine concern for employee well-being over burnout concerns. "The thing with burnout is- the cause is not what people think. In my opinion, the reason

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3:16

Roman Travers: How do NZ's primary industries...

Best of Business ·

2023/05/29

You'll be well and truly aware that when our primary producers do well, the whole country benefits. When our farmers, orchardists and horticulturalists make a decent living, they’re able to invest a new capital and clear debt. That all trickles down through to our towns and cities. Those selling farm implements, car dealers with the latest utes and farm to town cars for the family, boarding schools looking to increase their roles, and the likes of appliance clothing retailers, all reap the benefits

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3,595 results

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