Best of Business

The owner of a New Zealand roofing company has been praised for taking a “slightly different approach” to recruiting employees. A job advert for a semi-experienced roofer at the Roofing Hub, based in Queenstown and Wanaka, went viral last month for including “dyslexia” and “built stuff as a kid” as attributes on a “good things to have” list. “Ideally we are looking for someone wanting to learn and...

Home buyers are being urged to think twice about buying a home, in the wake of yesterday's 50-basis point rise to the Official Cash Rate. Reserve Bank Governor Adrian Orr told Mike Hosking the days of skyrocketing house prices are probably over. “I want people to be having their brain engaged and thinking really hard about what they’re doing when entering into these markets.” LISTEN ABOVE See omny...

Tourism New Zealand has launched a $5.1 million campaign targeting "high quality" visitors. It will target wealthier visitors, as well as those who spend more time here and go outside hotspots and engage in local areas. It comes as Tourism Minister Stuart Nash says he doesn't want to attract what he calls the "two-minute noodle-eating visitors". Tourism New Zealand CEO Rene de Monchy told Mike Hos...

Adrian Orr may worried about workers getting the biggest pay rise in more than 20 years. Stats NZ data shows for the June quarter median weekly earnings from salaries and wages increased 8.8 percent. It was even better for women, whose median weekly earnings increased 9.9 percent. ANZ economist Finn Robinson joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Four doubles in a row, he OCR has risen another 50 basis points today. We're now sitting at 3 percent, as expected by most commentators. The Reserve Bank thinks we'll peak at 4.1 percent. Gareth Kiernan, Infometrics Chief Forecaster joined Heather du Plessis-Allan. LISTEN ABOVE   See omnystudio.com/listener for privacy information.

The Reserve Bank has lifted the Official Cash Rate by 50 basis points to 3 per cent - its highest level since 2015. The RBNZ now sees the OCR peaking at 4.1 per cent as it fights inflation pressure. Previously it had forecast a peak of 3.95 per cent. Labour has overtaken National again in the latest Curia-Taxpayers Union poll which saw National and its leader Christopher Luxon take a dive in popul...

The Reserve Bank is expected to raise the Official Cash Rate by 50 basis points again today. Making it an unprecedented fourth consecutive hike. To give us more insight is Infometrics Principal Economist Brad Olsen who joined Kate Hawkesby. LISTEN ABOVE See omnystudio.com/listener for privacy information.

A nutritionist says junk food affects how well kids perform in schools. Auckland's Western Springs College is the latest school to ban food delivery services, due to environmental concerns. Nutritionist Nikki Hart told Kate Hawkesby kids have to remain cognitive in school. She says parents need to understand their kids can't do well and feel good on a diet of junk food. LISTEN ABOVE See omnystudio...

There is an old saying that if you have a good idea, then success will follow no matter how much you spent on marketing. Dev Soni is a Commerce grad who set up Sugar Wallet, New Zealand’s first set-and-forget paycheck investment app. He spent zero dollars on marketing the app and yet in a matter of weeks 4000 users have downloaded it and he has almost one million in assets under management. Dev So...

Mercury NZ has emerged from its latest financial year a totally different beast. By its own account, 2022 was one of "transformative change" - having become the country's biggest electricity retailer after the $467 million purchase of Trustpower's retail arm earlier this year. Following the Tilt Renewables transactions, it has also become the country's biggest wind power generator, having started...

The nationwide labour shortage is taking its toll on our Kiwifruit industry. Zespri has flagged kiwifruit quality remains a significant problem this export season and fruit loss will be greater than forecast in June. The issues include a fruit skin rash that hasn't been seen in New Zealand before but has been observed overseas. Zespri Chief Grower Carol Ward told Mike Hosking while there are other...

The Reserve Bank is set to hike the Official Cash Rate by 50 basis points today and provide more detail on just how high the rate could peak. ANZ Chief Economist Sharon Zollner told Mike Hosking the central bank is grappling with a prolonged period of high inflation. “The tightness of the labour market is so extreme inflation from that source is going to stick around, no matter what happens to tha...

Another episode Wednesday from the Reserve Bank. It's worth paying attention to, given it affects every single one of us. And survey after survey indicates large numbers of us are suffering because of it. Inflation, currently at 7.3 percent, has it peaked or not? The Reserve Bank get another crack this week at interest rates and along with the number, the commentary, as to what they think and wher...

Messy is an appropriate word to describe the bullying accusations within the Labour Party. Gaurav Sharma potentially made it worse for Jacinda Ardern by putting screenshots on Facebook of bullying just as she was about to speak to media. A caucus meeting will be held to resolve the issue. NZME Business Commentator Fran O’Sullivan joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/lis...

So let's be honest with each other Did you, in your darkest heart, secretly hope the All Blacks would lose to prove that Ian Foster was always the wrong man. To get Scott Robertson into the driving seat? C'mon. Many did. Some even admitted it on social media. Now if you did, it's quite a dark place really. Actively rooting against your own team, even if you think it would be best for the team even...

The avocado industry could take a hit this season due to oversupply. New Zealand and Australia supply the majority of Australia’s avocado crop but they've increased production so much that there is an avalanche of avocados across the ditch. The oversupply meant our exports slumped last year and we are being warned to brace for lower prices and volatility. NZ Avocado chief executive Jen Scoular joi...

Financial high flyer Sam Stubbs is on a mission – to improve basic financial knowledge of New Zealanders.   Sam is of course the co-founder of not-for-profit Kiwi-saver scheme, Simplicity.   With a cost of living crisis and possible recession on the horizon it’s never been more important to understand how to manage your money.   Sam has released a very easy to read pocket size guide book – Money M...

This week we are going to talk about why desk jobs might be just as exhausting as manual labour jobs!   Published this week in the journal Current Biology . the research looked into why we can come home from the office feeling exhausted even though all we have done is sit at a desk all day.   The study split 40 volunteers into two groups and gave them thinking tasks to do for 6.5 hours straight wi...

This week we have seen allegations of workplace bullying thrown across Parliament, also released, was a survey showing a third of police staff believe the organisation still tolerates harassment and bullying.   Professor Bevan Catley is the associate head of the School of Management at Massey University and co-founder of the Healthy Work Group.   His primary focus is workplace bullying and he join...

There are nervous times ahead for the mining sector. The Green Party have had their bill to ban mining on conservation land and water pulled from the biscuit tin ballot in Parliament. This is essentially giving them the green light to go hard on the Government. Patrick Phelps is the Minerals West Coast Manager and he joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy informa...

A major change to social attitudes may be needed, to stem the current spate of youth crime. Two young people have been arrested, after at least 30 teenagers attacked a shop worker in Palmerston North. The owner of another store has told Newstalk ZB they've also been terrorised by the same group. Retail NZ Chief Executive Greg Harford told Mike Hosking says violent youth crime is becoming more comm...

Changing university terms, to get more students into summer jobs, could be easier said than done. Tourism Minister Stuart Nash has suggested moving the university year by six weeks so students are available to work during the main tourism season. Union of Students' Associations Andrew Lessells says many students would welcome the move. But he told Mike Hosking it won't be as simple as just changin...

Air New Zealand will cut its planned schedule and operate 1.5 per cent fewer seats than originally planned during the next six months. The airline says it is taking proactive measures to protect customers' travel plans as sickness continues to cause disruption. And in a move that will anger former crew hoping to get their jobs back, the airline is exploring expensive "wet leasing" aircraft with cr...

A tourism leader says things are looking up for the sector, after years of travel restrictions. Tourism Minister Stuart Nash has unveiled a new plan to strengthen the tourism and hospitality workforce for the upcoming tourism boom. It includes measures to improve training and working conditions. Real NZ CEO Stephen England-Hall told Mike Hosking the sector is now in a good position to restart. He...

Milford Asset Management's Sam Tretheway joined Heather du Plessis Allan Drive to discuss his profit predictions for companies on the NZX.  LISTEN ABOVE See omnystudio.com/listener for privacy information.