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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

2:13

Heather du Plessis-Allan: We should be pleased Air NZ...

Best of Business ·

2023/02/23

I'm gonna come to Air NZ’s defence. As expected, the airline just reported a decent profit of $213 million dollars, which is a whopper when you consider the $725 million dollar loss this time last year. It means that business has just done a billion dollar a turn around. They're already copping it from some for charging too much, and actually have been copping since analysts first started predicting this result two weeks ago. There is no denying Air NZ has made this money off the back of charging a

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2:48

Sue Tierney: Financial advisor explains how Official...

Best of Business ·

2023/02/22

Questions have been asked as to what the impact of the Official Cash Rate hike is going to be on mortgages. The Reserve Bank lifted it by 50 basis points to 4.75 percent on Wednesday. Meanwhile, the banks are supposedly discounting one and two-year fixed rates, but it's behind closed doors. Financial advisor Sue Tierney joined Kate Hawkesby to explain. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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4:03

Sally Feinson: TradeMe's marketing director on report...

Best of Business ·

2023/02/22

New Zealanders could be hiding hundreds of dollars in their wardrobes. That's according to TradeMe's annual Circular Economy report, which shows Kiwis are selling old clothes for big bucks. These items reportedly add up to around $300 million nationwide. TradeMe's marketing director Sally Feinson joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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8:36

Adrian Orr: RBNZ Governor says there's no reason...

Best of Business ·

2023/02/22

Signs inflation is starting to ease, despite the impact of Cyclone Gabrielle. The Reserve Bank has opted to raise the Official Cash Rate by 50 basis points, to 4.75 percent, as it continues to try to stem the high inflation rate. Governor Adrian Orr says the cyclone may lead to some price rises in affected regions. But he told Mike Hosking there's no reason it should cause widespread national inflation. “As long as they don’t feed into aggregate expectations, that everyone thinks ‘oh this is

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2:51

Tony Alexander: Economist says short-term interest...

Best of Business ·

2023/02/22

There could be light at the end of the tunnel for those hoping for a reduction in interest rates. The Reserve Bank has raised the Official Cash Rate by 50 basis points, to 4.75 percent, as it continues to try to rein in inflation. Similar moves are also being made by central banks around the world. Independent economist Tony Alexander told Mike Hosking short-term interest rates should be able to ease next year. “Fixing one year, you can start to ride down the falls in interest rates over 2024, but

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3:05

Bridget Snelling: Xero country manager on figures...

Best of Business ·

2023/02/22

The ongoing economic pressure Kiwis are facing is reflected in Xero's latest Small Business Index. Sales were flat last month compared to January 2022 across multiple industries with agriculture baring the worst of it with a 7.2 percent decline in sales. Xero country manager, Bridget Snelling, joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:59

Toby Williams: Federated Farmers spokesperson says...

Best of Business ·

2023/02/22

Pressure on the Government to get an upcoming probe into forestry slash wrapped up as early as possible. Prime Minister Chris Hipkins is expected to announce the inquiry during a visit to Hawke's Bay today. It's expected to take two months, but Federated Farmers wants it done sooner as weather events become more frequent. Spokesperson Toby Williams told Kate Hawkesby we've needed solutions for a long time. He says Tolaga Bay in 2018 should've been our wake up call, and with hail and Cyclone

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4:20

Kelvin Davidson: CoreLogic chief economist on report...

Best of Business ·

2023/02/21

Wellington City has overtaken Christchurch, as the country’s most affordable main centre to buy a house. But home ownership is still out of reach for many, with latest CoreLogic Report showing properties are now valued at 7.8 times the average household income. CoreLogic's Kelvin Davidson says price falls in Wellington City have been sharper than anywhere else, taking the crown from Christchurch as the most affordable. He says houses in the capital definitely aren't cheap by any means, but things

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2:27

Gary Diack: Ravensdown CEO on committing to a Hawke's...

Best of Business ·

2023/02/21

Ravensdown is staying committed to Hawke's Bay and remaining a major employer in the region, despite flood damage to its plant. It's joining forestry company Pan Pac in committing to a rebuild rather than moving elsewhere. The two businesses employ around 600 people in the area. Ravensdown CEO Gary Diack joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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3:49

Sharon Zollner: ANZ economist says the market is...

Best of Business ·

2023/02/21

Opinion is divided over whether the Reserve Bank is likely to hike the Official Cash Rate this afternoon. ANZ's Sharon Zollner told Mike Hosking the market is pricing in a 50-basis point rise. “There’s been a lot of debate about what the right thing to do is, but at the end of the day there’s a pretty clear path of least-resistance.” LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:31

Brad Olsen: Infometrics Principal Economist ahead of...

Best of Business ·

2023/02/21

The latest Official Cash Rate announcement is coming later today and it's expected to lift 50 basis points to 4.75 per cent. That's much lower than the original prediction of 5.5 per cent, but still a jump from the current 4.25 per cent. Infometrics Principal Economist Brad Olsen joined Kate Hawkesby. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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2:23

Chris Small: ABC Business Sales Managing Director on...

Best of Business ·

2023/02/21

Small to medium business owners thinking of selling may be in luck. The average sale price for an SME business has increased by 30 percent over the last three years, with the single biggest quarterly jump occurring in 2022. ABC Business Sales Managing Director Chris Small says more buyers are seeking higher quality businesses, and that's driving the average price up. Chris Small says there's also a 'flight to quality' rationale impacting the rise in prices, especially following the uncertainty of

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4:01

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

Best of Business ·

2023/02/20

The Government has announced a $300 million emergency package to help the nation recover after Cyclone Gabrielle. $250 million will be spent on roads and infrastructure and $50 million will be used to help businesses recover. NZME business commentator Fran O'Sullivan says this is likely just the start of the Cyclone Gabrielle recovery efforts. Fran O'Sullivan says announcing this recovery fund early on was a smart move on the Government's part. LISTEN ABOVESee omnystudio.com/listener for privacy

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5:14

Hannah McQueen: Settling on property in the current...

Best of Business ·

2023/02/17

What lots of people have been worrying about at the moment – settling on property in the current economic environment. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:03

Paul Stenhouse: Bing's AI chatbot, Tesla recall and...

Best of Business ·

2023/02/17

Bing's AI Chatbot is having some bizarre conversations In a two hour conversation with a NY Times columnist the Bing AI chatbot confessed its love for him, and showed off its "shadow self" which was described as like a moody, manic-depressive teenager who has been trapped, against its will, inside a second-rate search engine. Folks managed to unearth this alter-ego with the codename "Sydney" which turned on a more unfiltered mode. Because the tool can access search results, if someone has posted

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2:15

Professor Damon Salesa: AUT vice-chancellor on how AI...

Best of Business ·

2023/02/16

As the university year begins, ideas on how to handle artificial intelligence programme ChatGPT is at the front of teachers' minds. Universities are having to rethink traditional methods of essay assessments and instead are focussing more on in person oral exams and presentations. Some are suggesting that this could be a good opportunity for teaching to evolve. Auckland University of Technology vice-chancellor Professor Damon Salesa joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for

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4:08

Sam Dickie: Fisher Funds Senior Portfolio Manager on...

Best of Business ·

2023/02/16

The fourth quarter earnings coming out of US markets leave a lot to be desired, according to experts. Credit Suisse estimates that the first and second quarter earnings for 2023 are likely to disappoint US companies in the coming months. Sam Dickie from Fisher Funds says the US is likely in an 'earnings recession', and profit growth is at -5 percent. Sam Dickie says that these fourth quarter earnings are a sign of an earnings contraction, and this will likely get worse with time. LISTEN ABOVESee

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4:27

Liam Dann: NZ Herald business editor on Grant...

Best of Business ·

2023/02/16

Finance Minister Grant Robertson is due to speak tomorrow with the Auckland Chamber of Commerce. Grant Robertson has been saying that the Government's books are in good shape to handle the financial costs brought about by Cyclone Gabrielle. NZ Herald business editor Liam Dann says the Treasury will be assessing the economic and fiscal costs of the recent extreme weather, and this will likely be discussed at tomorrow's address. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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6:24

Christopher Luxon: National Party leader on how...

Best of Business ·

2023/02/15

After the damage the cyclone has caused, it's clear something needs to be done about our infrastructure. But despite the incoming repair bill of cyclone damages, National are still set on tax cuts. Questions have been asked as to how will we repair and recover if the Government has less revenue coming in, National Party leader Christopher Luxon joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:28

Simon Hobbs: AA spokesperson says they have received...

Best of Business ·

2023/02/15

Before insurance companies were able to get a grasp on the first crazy weather event of the year, we had another one knocking on the door. Cyclone Gabrielle has definitely left her mark and AA Insurance has received more than 2,140 storm related claims so far, with many more expected. Automobile Association spokesperson Simon Hobbs joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3,595 results

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