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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

2:36

Bryan Williams: BWA Insolvency Founder says...

Best of Business ·

2022/10/27

The number of businesses going under is still below pre-pandemic figures, but the rate is increasing.A BWA Insolvency report has found there's been a 48 percent increase in formal insolvencies in the third quarter, compared to the second. BWA Insolvency founder, Bryan Williams, says that pre-Covid 25-hundred businesses went under a year... it's currently about 15-hundred. He told Mike Hosking that there's about to be a slew filing for insolvency, after Covid handouts propped up struggling

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2:38

Kirk Hope: Business NZ CEO says driving wage rates up...

Best of Business ·

2022/10/25

Business New Zealand is poking holes in the proposed Fair Pay Agreements legalisation. The rules mean if a thousand employees, or 10 percent of a workforce, agree to start the collective bargaining process, that process is automatically triggered. The Fair Pay Agreements legislation is expected to pass its third reading in Parliament later today. Business New Zealand Chief Executive Kirk Hope told Mike Hosking driving wage rates up to boost productivity up won't work. He says the threshold to

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3:54

Max Whitehead: Employment relations expert on Uber...

Best of Business ·

2022/10/25

The decision yesterday to grant four Uber drivers workplace protection as employees may have been greeted with celebrations by some, but it was short lived. Uber will appeal the decision, but the wider conversation now turns to the gig economy companies and contractors and what this will mean for them. Max Whitehead is an employment relations expert and he joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:24

Simeon Brown: National Transport spokesperson on $35...

Best of Business ·

2022/10/24

Since the clean car rebate came into effect of April this year, $35 million has been paid out to buyers of Teslas - which have a starting price of about $70,000. And while subsidising Teslas, the Government has taxed farmers and tradies who currently have no alternative vehicle option to do their job. National spokesperson for Transport, Simeon Brown, joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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5:49

Hannah McQueen: What do you need to think about with...

Best of Business ·

2022/10/21

Mortgages are the story of the week – that inflation reading has pushed up fixed term interest rates for the first time in a while, when most thought that fixed term rates had peaked. Whether it’s hit you yet or not, interest is soon going to be taking a bigger chunk of your income – so what should you be doing to ensure you not only continue to survive, but continue to make progress while interest rates are rising? Rather than panicking about what lies ahead, what do you need to be thinking about

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6:24

Don Braid: Mainfreight managing director on company...

Best of Business ·

2022/10/21

Mainfreight says its estimated profit before tax has improved nearly 66 per cent to $301.7 million after 26 weeks of trading. Estimated revenue after 26 weeks trading had improved 32.5 per cent to $3.01 billion, the international transport and logistics company said in a market update during an investor day presentation. The NZX-listed company will post its half year results on November 10. It outlined the profit estimate ahead of its 2023 half year result next month. A presentation by group

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3:56

Rod Oram: Business commentator on the economic...

Best of Business ·

2022/10/21

The markets are breathing a sigh of relief as British Prime Minister Liz Truss calls it quits. Truss was in the job for only 44 days, making her the third to resign in as many years, and the shortest Prime Minister in history. Her tax cut plan proved to be her downfall, with the British economy tanking before rebounding after a dramatic U-turn earlier in the week. It's expected the markets will recover, but trust between the government and markets will take some time to rebuild. Business commentator

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1:49

Nick Tuffley: ASB Chief economist on prediction...

Best of Business ·

2022/10/20

Imagine your fixed term mortgage rate being upwards of seven percent over the next few years. Well according to ASB we don't have to imagine - it will be a reality. Their latest home loan report says they predict the peak interest rate for fixed term will be between 7-7.5 percent while floating rates could peak at 9 percent - all based on the OCR peaking at 5.25 percent. Chief economist at ASB Nick Tuffley joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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4:18

Carrie Hurihanganui: Auckland Airport CEO on revised...

Best of Business ·

2022/10/20

The aviation sector is rebounding a lot better than expected. Auckland Airport has revised its 2023 financial year profit to between $100-130 million, up from $50-100 million. It's due to the high aircraft load factors, meaning how many seats are filled, and the extra flights coming in from early next month. Auckland Airport CEO Carrie Hurihanganui joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:46

Liam Dann: NZ Herald business editor on the 35th...

Best of Business ·

2022/10/20

Today's the 35th anniversary of Black Monday, the day in 1987 where the world experienced a brief, but violent stock market crash. The odds of a crash on this level happening again are extremely low, but we've had plenty of smaller-scale stock crashes happen since that day. New Zealand Herald business editor Liam Dann joined us to weigh up the risks of this happening again. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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3:02

Emily Rutherford: Kiwi Water Park co-owner on being...

Best of Business ·

2022/10/19

One of the biggest water parks in the country will be able to stay open after "bureaucratic red tape" threatened to close it. Kiwi Water Park in Cromwell was looking at closure because of a traffic issue - the turn off for it was on a 100 km/h road and there was no right hand turning bay which did not please Land Information NZ or Waka Kotahi. So they threatened to close the place because safety wasn't a guarantee on the road - until a contractor has come to the rescue and said he will construct the

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3:50

Rebecca Sowden: Former Football Fern and sponsorship...

Best of Business ·

2022/10/19

There's been a big uptick in sponsorship deals across women's sports. A major international report has revealed a 20 percent increase year-on-year in 2022, with the arrival of blue chip global sponsors further fuelling growth. It comes, of course, as we're hosting the Rugby World Cup Women's event. Rebecca Sowden, former New Zealand Football Fern and founder of women's sport sponsorship consultancy Team Heroine, joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy

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1:55

Michelle McCormick: Infrastructure NZ report suggests...

Best of Business ·

2022/10/19

A new report suggests New Zealand is missing out on billions of dollars as a result of delayed decision-making over infrastructure. The report commissioned by Infrastructure New Zealand suggests it currently takes on average 15 years to deliver major transport links across the country. Meanwhile traffic congestion is costing Aucklanders up to $1.3 billion annually, more than $1,000 a year per adult living in the city. Infrastructure New Zealand Policy Director Michelle McCormick told Mike Hosking

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4:47

Chris Meehan: Winton Land CEO on taking Kāinga Ora to...

Best of Business ·

2022/10/19

A property development company is taking Kāinga Ora to court, over its refusal to fast track a $4 billion housing development in Papakura. Winton Land is accusing the state housing agency of engaging in anti-competitive behaviour, by refusing private developers fair access to fast-track powers and paying well above market rate for land.Chief Executive Chris Meehan won't say how much money is being sought, but says the money is significant. He told Mike Hosking they don't actually want money, they

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1:41

Grant Webster: Tourism boss says dropping travel...

Best of Business ·

2022/10/18

Reassurance for the travel industry as the final pandemic travel requirement will be scrapped. The New Zealand Traveller Declaration will no longer be needed to enter the country after the Government announced its winding down most of its Covid-19 powers - including rolling out lockdowns, MIQ and vaccine mandates. Tourism Holdings Chief Executive Grant Webster told Mike Hosking dropping the deceleration is healthy momentum for the travel industry. He says overseas shareholders have expressed

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9:58

Grant Robertson: Finance Minister says the Government...

Best of Business ·

2022/10/18

Grant Robertson has no regrets about his economic decisions during the Covid pandemic. The inflation rate has dropped only slightly in the September quarter, from the 32-year high recorded in the year to June.The Reserve Bank may now have to hike the Official Cash Rate by 75 basis points next month. The Finance Minister told Mike Hosking while hindsight is a wonderful thing, the Government has made the right decision at the right times. He says there were no costless decisions and nobody in March

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4:16

Dave Frame: Climate Change professor on calls for...

Best of Business ·

2022/10/18

Simon Upton is the Parliamentary Commissioner for the Environment, and he wants the Government to now clearly monitor the money it is spending on the environment and what that actually achieves. He even stated the money they're throwing at the environment is 'short termism', and is lacking in transparency. Dave Frame is a professor of Climate Change with Victoria University of Wellington and he joined Mike Hosking. See omnystudio.com/listener for privacy information.

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3:08

Kelvin Davidson: Property Economist on figures...

Best of Business ·

2022/10/18

Latest figures show the housing market continues to decline, with decade-low sales numbers and dropping house values. CoreLogic's latest Market and Economic Update shows the total value of residential real estate has fallen from a peak of $1.73 trillion early this year to $1.62 trillion at the end of September. Property values fell 6.3 percent over six months, with the average home price now under the million dollar mark. Chief Property Economist Kelvin Davidson says it shows the striking weakness

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2:49

Sunny Kaushal: Dairy Owner's Group chair says meeting...

Best of Business ·

2022/10/18

The Dairy and Business Owners Group is meeting with Chris Hipkins today, as ram raids and thefts continue to plague businesses. Several more Auckland businesses were struck on Monday night, with youths smashing their way into eateries and leaving a trail of damage behind. Group Chair Sunny Kaushal says with the Government’s inaction and failure to stop the crimes, he believes the meeting with the Police Minister is crucial. In late August, Chris Hipkins told Police to move faster on allocating

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2:21

Dr Chris Jackson: Cancer researcher says mRNA...

Best of Business ·

2022/10/17

Hopes our new knowledge of vaccines will help to cure cancer - within the next decade. The founders of BioNTech, who collaborated with Pfizer to create New Zealand's most effective Covid vaccine, are working on an injection to target different types of cancer. It should be available before 2030. The jab uses the same mRNA technology as found in the Covid jab, to assist the immune system to fight off cancer cells. New Zealand cancer researcher Dr Chris Jackson told Mike Hosking the development has

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3,595 results

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