Best of Business

Another public holiday at the end of this week - the first year for Matariki. The calls have already gone out not to commercialise it. It's always an issue with the likes of Anzac Day - so what's the advice around a new public holiday and an issue like this? Retail NZ chief executive Greg Harford joined Mike Hosking to discuss. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Matariki is about resetting and remembering those who have died in the past year. Chief Executive of Tātou - a Māori cultural marketing and communications agency, Skye Kimura doesn't want Matariki to be used as an excuse for sales. Matariki will be marked as a public holiday for the first time this Friday. Kimura told Tim Dower we should learn what Matariki is about. She says she sees Matariki as...

Chorus has decided to fully commit to a modern hybrid office layout - with only half the desks they need for all their staff. Their new CBD office has just 371 workstations for 550 employees. It’s a mixture of collaborative workspaces, hot-desking, and working from home. Chorus Adaptive Organisation Tribe Lead Hannah Croft joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener f...

Inflation is really getting quite problematic in a lot of countries now. The US Federal Reserve has raised its rate by 75 basis points and it’s likely to go up by another 75 basis points in July. In the UK, the Bank of England reckons inflation could hit 11 percent in October. Business commentator Rod Oram joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener for privacy inform...

Today on Newstalk ZB Canterbury Mornings, John MacDonald spoke to Labour's Tracey McLellan and National's Gerry Brownlee on Politics Friday. They discussed today's big news that the Christchurch Santa Parade will now be an indoor event, with a $15 ticket price. John asked if it's time we change our Covid isolation rules, given the widespread impact of influenza at the moment, and the GDP figures -...

Is it a case of looking too hard? How is it possible I see a recession and banks don't? The much-anticipated GDP number for the first quarter of the year is -0.2 percent. To have a recession you need two consecutive quarters of negative growth, we now have one. I have been trying to explain that we are headed for recession for months. You can't have a recession if you don't have negative growth, a...

Farmers could be paying up to 25 percent more for fertiliser, as much as $365 per tonne. Fertiliser co-operative Ballance say due to global energy and export costs fertiliser prices would have to go up. Ballance's sales manager Jason Minkhorst joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Finance Minister admits the drop in gross domestic product isn't good. GDP has dropped 0.2 percent for the March quarter, following a three percent rise in the previous quarter. Most sectors did worse than expected, including the primary industry which fell 1.2 percent for a third consecutive quarter. Grant Robertson told Mike Hosking it's a sign of a difficult 2022. He says we didn't have tou...

Tension and frustration are boiling over for some New Zealand agribusiness sector leaders but the focus must be on what is controllable to catch many opportunities in the current crises, finds a report from KPMG. The Country host Jamie Mackay joined Heather du Plessis-Allan to discuss. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Financial Markets Authority say one in ten Kiwis hold some form of cryptocurrency and those who invest in shares have overtaken term deposit investors. Hatch co-founded Natalie Ferguson joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener for privacy information.

With today's GDP figures this is more topical than ever. How close are we to a recession and what does that mean for investors? Sam Dickie from Fisher Funds joined Heather du Plessis-Allan to talk investing in a tough economic climate. LISTEN ABOVE See omnystudio.com/listener for privacy information.

New entertainment options could be the driving force behind the plummet of traditional TV. Television audience numbers peaked around 2010, according to data leaked by a client of ratings agency Nielsen to The Spinoff. Back then 150,000 peopled aged 18 to 34 were watching throughout the day, now it's only 46-thousand. Victoria University media expert Peter Thompson told Heather du Plessis-Allan the...

Our economy has shrunk 0.2 percent in the first quarter. No expert predictions were correct; Kiwibank was actually predicting a rise of 0.8 percent. Liam Dann, NZ Herald Business Editor at Large joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The reserve bank predicted our GDP figures would show a 0.7 percent growth today. The numbers released in fact showed our economy has contracted by 0.2 percent. Omicron and the lack of international tourists clearly had more impact than the experts were anticipating. Sharon Zollner, ANZ's Chief Economist joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener for privacy informat...

Stats NZ data shows GDP has slumped 0.2 percent in the March 2022 quarter. This comes in a quarter marked by the community spread of Omicron and reduced travel because of border restrictions. To discuss, NZ Herald Business Editor at Large, Liam Dann joined Francesca Rudkin. LISTEN ABOVE See omnystudio.com/listener for privacy information.

A not-for-profit leadership group says legislation may be to blame for the sector's increasing vulnerability. It comes as a new report from Grant Thornton warns they'll soon be at breaking point if they don't adapt. The report shows there's little understanding for law changes, while maintaining staff and financing are top concerns for the sector. Garth Nowland-Foreman - director of Centre for Not...

A gloomy outlook for our economic growth. GDP numbers will be released by Stats NZ this morning for the first quarter of the year. It's thought growth will probably be between zero and one percent. ASB Chief Economist Nick Tuffley told Mike Hosking the second quarter of the year isn't looking too rosy either. He says sectors like agriculture and manufacturing will still quite weak. LISTEN ABOVE Se...

If you want to do one of the top ten bucket list activities in the world then look no further than your backdoor. Rotorua's Canopy Tours ziplining tour has been ranked sixth in TripAdvisor’s bucket list category as part of their "Best of the Best Things to do" awards. It was also named the second best experience overall in the South Pacific region. Rotorua Canopy Tours general manager Paul Button...

Pressure on non-profit organisations is a mixture of being exposed over a lack of funding, and legislation making it too hard for the sector. It comes as a new report from Grant Thornton shows there are major gaps that would prevent NPOs meeting their purposes. The report also shows concerns over attaining and maintaining staff. Grant Thornton partner Barry Baker told Mike Hosking there's a lot mo...

As of next Tuesday, people travelling to New Zealand will no longer need a negative pre-departure test. A Government source has confirmed the requirement will be dropped as of 11.59pm on Monday. An announcement by new Covid-19 Response Minister Ayesha Verrall is scheduled for later today. The current rule means people coming to New Zealand by air must get a negative PCR, RAT or Lamp test 72 hours...

The GDP figures for the March quarter are out tomorrow. Westpac, ANZ, BNZ all think it will be very very low, if not no growth. The March quarter has been dominated by Omicron, especially on the back of the previous quarter dominated by Delta. Infometrics principal economist Brad Olsen joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listener for privacy information.

It's been a turbulent week for financial markets. The NZX has lost 5 percent this week, while KiwiSaver funds are heading south. As a result of this, the calls that we are in a bear market have started. It comes as the US Federal Reserve is set to announce its latest policy decisions. Milford Asset Management portfolio manager Sam Trethewey joined Heather du Plessis-Allan. LISTEN ABOVE See omnystu...

High interest rates are smashing New Zealand house prices. House prices have continued to fall through May and are now off around 6 percent since their peak in November last year according to REINZ figures. Annual house price growth has since slowed to just below 4 percent. NZ Herald Wellington Business Editor Jenee Tibshraeny joined Heather du Plessis-Allan. LISTEN ABOVE See omnystudio.com/listen...

A critical GIB shortage may force developers to change build designs. Government officials held emergency talks with building industry leaders yesterday in a bid to hammer out solutions to the product shortfall. Winston Wallboards' product supply problem is so bad when one developer inquired on GIB in January, they were told to ask again in June. Now, Simplicity Living will have to wait until Chri...

If the food prices are any indicator, inflation may not have hit its peak yet. Yesterday, we got the news that food prices were up almost 7 percent on last year, including a 10 percent increase in fruit and vegetables. It puts into doubt the idea that inflation will peak this quarter at 7 percent. ASB senior economist Mark Smith joined Mike Hosking. LISTEN ABOVE See omnystudio.com/listener for pri...