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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

4:52

Nick Tuffley: ASB Chief Economist picks a 0.5% drop...

Best of Business ·

2023/03/15

The New Zealand economy is shrinking, the only question is by how much. GDP figures due out this morning are expected to show the economy contracted in the fourth quarter of last year. Speaking to Tim Dower ASB Chief Economist Nick Tuffley is picking a steeper 0.5 percent drop. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:06

Miles Workman: ANZ Senior Economist predicts a 0.3%...

Best of Business ·

2023/03/15

The New Zealand economy is shrinking, the only question is by how much. GDP figures due out this morning are expected to show the economy contracted in the fourth quarter of last year. Speaking to the Mike Hosking Breakfast ANZ Senior Economist Miles Workman is predicting a 0.3 percent contraction. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:55

Sam McIvor: Beef and Lamb CEO says farm profit is...

Best of Business ·

2023/03/15

High inflation is hitting the back pockets of farmers. The Beef and Lamb New Zealand 2022 to 2023 Mid-Season Update says that farm profit is predicted to decrease by 31 percent from the update before it. Beef and Lamb Chief Executive Sam McIvor told Mike Hosking they're facing a lot of cost increases in things like fertiliser, which has been pushed up by the Ukraine War. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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2:54

Brad Olsen: Infometrics Principal Economist on what...

Best of Business ·

2023/03/15

The fourth quarter GDP figures are set to be released by Stats NZ tomorrow. After the third quarter's 2 percent growth, the Reserve Bank is forecasting the next quarterly GDP growth to be at 0.7 percent. Infometrics Principal Economist Brad Olsen is among the many economists predicting a drop in growth instead. Brad Olsen says growth will have stayed flat or dropped as low as -0.2 percent, as retail and construction activity have declined from September figures. LISTEN ABOVESee

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2:58

Jenee Tibshraeny: NZ Herald Wellington business...

Best of Business ·

2023/03/15

Prime Minister Chris Hipkins announced Monday that a public consultation to clarify the difference between contractors employees would be deferred. The Council of Trade Unions (CTU) is disappointed, with CTU secretary Melissa Ansell-Bridges saying it would harm misclassified contractors struggling with the cost of living crisis. NZ Herald Wellington business editor Jenee Tibshraeny says the unions are worried about the contractors who work enough hours to be classified as employees without the extra

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1:55

Viv Beck: Heart of the City Chief Executive on...

Best of Business ·

2023/03/15

Frustration over a blowout of Auckland's City Rail link build cost. It's asking for another billion dollars, half each from Auckland Council and the Government. The completion date for stations and supporting rail infrastructure has also been pushed back to November 2025. Heart of the City Chief Executive, Viv Beck, says it's a big blow for businesses in construction zones. She says some businesses will have been dealing with the problem for 10 years. LISTEN ABOVESee omnystudio.com/listener for

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7:04

Stuart Nash: Police Minister on what needs to be done...

Best of Business ·

2023/03/14

Police are investigating at least two burglaries in Auckland overnight - including at a large supermarket in the suburb of Lynfield. Officers were called to Countdown Lynfield, on Hillsborough Rd, shortly before 1am after reports of a break-in. “A group of offenders have taken multiple items before fleeing from the scene in a vehicle,” a police spokeswoman said. “Police are following positive lines of inquiry to locate those responsible.” A staff member told the Herald they had looked at the

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2:37

Rick Herd: Naylor Love CEO expects we'll see a...

Best of Business ·

2023/03/14

A top building boss says there are two fundamental issues with the construction industry and things need to change. Bayside Designer Homes is the latest building business to fail, leaving nine Auckland housing sites unfinished, and homeowners in the lurch. Naylor Love Chief Executive Rick Herd says one issue is the boom and bust cycles. He told Mike Hosking the second is the fragmentation of the industry, with a lot of small operators which don't have strong balance sheets. Herd says as soon as the

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3:38

David Cunningham: Squirrel Mortgages CEO says an...

Best of Business ·

2023/03/14

An expert says a probe into banking may not be the fix for issues in the sector. Latest figures from KPMG show bank profits reached a record high $7.15 billion in the year to September, up 17 percent on the year before. It comes after the Government voted against a select committee inquiry into banking, instead considering whether to order a Commerce Commission market study. Squirrel Mortgages' David Cunningham told Mike Hosking an inquiry probably wouldn't create much change. LISTEN ABOVESee

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2:55

John Tookey: Prof of Construction Management says...

Best of Business ·

2023/03/14

Cashflow issues are being blamed for building businesses falling over. The country's construction crunch may start to snowball, with more building businesses expected to fail. Bayside Designer Homes is the latest, leaving nine Auckland housing sites unfinished. AUT Professor of Construction Management John Tookey told Kate Hawkesby the industry uses borrowed money to do all the work. He says as interest rates go up, it gets harder and harder and then payments get delayed, then you end up with

en-US

2:55

John Tookey: Prof of Construction Management says...

Best of Business ·

2023/03/14

Cashflow issues are being blamed for building businesses falling over. The country's construction crunch may start to snowball, with more building businesses expected to fail. Bayside Designer Homes is the latest, leaving nine Auckland housing sites unfinished. AUT Professor of Construction Management John Tookey told Kate Hawkesby the industry uses borrowed money to do all the work. He says as interest rates go up, it gets harder and harder and then payments get delayed, then you end up with

en-US

2:45

Amanda Singleton: Watercare Chief Customer Officer on...

Best of Business ·

2023/03/14

Aucklanders will have to prepare to pay more for their water services in the coming months. Watercare has locked in a 9.5 percent price increase on their water bills, starting from July. Watercare Chief Customer Officer Amanda Singleton says the organisation has planned infrastructure developments for Auckland, which will cost $1 billion by the end of 2023 and $13 billion overall. Amanda Singleton says the increased water bills will help pay for these necessary developments over the next

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4:32

Pattrick Smellie: BusinessDesk managing editor on the...

Best of Business ·

2023/03/14

The Royal New Zealand Yacht Squadron is projecting a trading loss of $1.6 million ahead of their next meeting. Thursday's meeting will "immediately" review their operations to find a more sustainable business model. BusinessDesk managing editor Pattrick Smellie says these losses are tied to the two years of Covid-19 that the Royal New Zealand Yacht Squadron endured. Pattrick Smellie says that RNZYS have lost a huge number of members since the America's Cup left New Zealand for Barcelona, which

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4:41

John MacDonald: Labour knows people will take the...

Best of Business ·

2023/03/13

A billion dollars. That’s how much Prime Minister Chris Hipkins slashed from the Government’s spending plan yesterday. Not that it’s going straight into the bank, because it’s a bit like robbing Peter to pay Paul. The money will go instead into the bread and butter things Hipkins has been talking about since he became leader of the Labour Party and Prime Minister seven weeks ago. And, as a result of yesterday’s announcement, pensioners, students, and everyone on main benefits will be better off from

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1:47

Mike's Minute: Is Labour's cash bonanza economically...

Best of Business ·

2023/03/13

Quick question around the cash bonanza yesterday - is it so blatant that it might actually work? An extra $300 million we don't have, just splashed all over the economy as part of a $2 billion package, made up of stuff that got cancelled. They are doing it because we have a cost-of-living crisis and we have a cost-of-living crisis because they overreacted to Covid. It's very likely that on Thursday when the official GDP number is published, that we are entering a recession. In fact, it is likely we

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2:35

Yoland Swasbrook: Zero Latency NZ manager ahead of...

Best of Business ·

2023/03/13

The world's first virtual reality gaming facility is hitting Auckland CBD this week. The 3rd generation version of VR tech is the first of it's kind where gamers can move around a warehouse size space without carrying a backpack to virtually play. The location based experience is forecasted to boost our entertainment tourism sector, reaching us $1.575 billion by 2028. Zero Latency NZ manager Yoland Swasbrook joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:32

Michael Reddell: Former RBNZ economist says...

Best of Business ·

2023/03/13

A U-turn of sorts from the Government. About 1.4 million New Zealanders will be helped when increased main benefits, superannuation and student support payments increase in line with inflation. They'll rise from next month, alongside Childcare Assistance income threshold increasing. Former Reserve Bank Economist Michael Reddell told Mike Hosking a few years ago the Government changed from indexing benefits to inflation, to wages. He says this year, wages rose less than inflation, so they switched

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4:33

Nicola Willis: National says Govt fixing own mistake...

Best of Business ·

2023/03/13

National says the Government is fixing its own mistake by increasing superannuation and main benefits in line with inflation. The change kicks in from next month. National Deputy Leader Nicola Willis says the Government switched to calculating them based off average wages, instead of inflation. But she told Kate Hawkesby the problem is, average wages haven't kept up with inflation and prices. Willis says they're pleased to see superannuitants getting the payments they deserve -- but what we need, is

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3:59

Fran O'Sullivan: NZME business commentator on the...

Best of Business ·

2023/03/13

Prime Minister Chris Hipkins has scrapped the nationwide speed limit reduction and clean car upgrade to support Kiwis. When paired with the scrapped TVNZ/RNZ merger and the biofuels mandate, Hipkins said the total $1 billion sum of the reprioritisation would be directed towards “bread and butter” issues. NZME business commentator Fran O'Sullivan says Chris Hipkins' approach seems to be more pragmatic and less ideological. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:37

Glenn Milnes: ikeGPS CEO relived US Treasury stepping...

Best of Business ·

2023/03/13

Today has been a roller-coaster for Kiwi businesses tied to Silicon Valley Bank. RocketLab, Comvita, Xero, and ikeGPS were among the businesses who were due to lose money from the collapse until US Treasury stepped in to guarantee all deposits. Glenn Milnes, CEO of ikeGPS was among the many business owners surprised by the sudden collapse of Silicon Valley Bank. Glenn Milnes says ikeGPS was diversified in where they held their money, but it was concerning to have a percentage of their deposits on

en-US

3,595 results

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