The Government's welcoming NZ Post's return to profit - with a dividend returned to the Crown. 

The mail service has reported a net $17-million net profit in the past financial year, up from a $2-million-dollar loss last year.

CEO David Walsh says it's important for the company to get all the basics right, and they're pleased to report this turnaround.

"You can think about last year's Christmas peak, our ability to put through so much more volume and control our costs is a lot, lot better than what we've ever had. So yep, that's part of our story."

LISTEN ABOVE

The Government's welcoming NZ Post's return to profit - with a dividend returned to the Crown.&nbsp;
The mail service has reported a net $17-million net profit in the past financial year, up from a $2-million-dollar loss last year.
CEO David Walsh says it's important for the company to get all the basics right, and they're pleased to report this turnaround.
"You can think about last year's Christmas peak, our ability to put through so much more volume and control our costs is a lot, lot better than what we've ever had. So yep, that's part of our story."
LISTEN ABOVE

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.

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.

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.

Best of Business

David Walsh: NZ Post CEO on NZ Post reporting first net profit since 2023

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c711d27f-3271-4eee-a7ac-b4b3004f92b8/transcript

The US Central Bank has raised interest rates for the first time in three years.

It's moving from a range of 3.5 to 3.75 percent, to 3.75 to 4 percent.

Sam Dickie from Fisher Funds unpacked the market reactions - and offered a theory on why things stayed calm.

LISTEN ABOVE

The US Central Bank has raised interest rates for the first time in three years.
It's moving from a range of 3.5 to 3.75 percent, to 3.75 to 4 percent.
Sam Dickie from Fisher Funds unpacked the market reactions - and offered a theory on why things stayed calm.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the US Federal Reserve raising interest rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/aa332377-19ff-4ce3-86e8-b4c800865fc6/transcript

Supermarket owners all over the country have raised concerns over National's election promise to split up Foodstuffs.

The party wants to create a third player by separating Pak'nSave from New World and Four Square, subject to Commerce Commission agreement.

New World owner-operator Eric Rush says he's been working in this business for 16 years and putting 'long, hard' hours in - and he's raised doubts over this campaign promise.

"That just goes to show that they have no understanding of actually how it works. We'll find a way if we have to, but it's not going to be the same."

LISTEN ABOVE

Supermarket owners all over the country have raised concerns over National's election promise to split up Foodstuffs.
The party wants to create a third player by separating Pak'nSave from New World and Four Square, subject to Commerce Commission agreement.
New World owner-operator Eric Rush says he's been working in this business for 16 years and putting 'long, hard' hours in - and he's raised doubts over this campaign promise.
"That just goes to show that they have no understanding of actually how it works. We'll find a way if we have to, but it's not going to be the same."
LISTEN ABOVE

Eric Rush: New World owner-operator voices concerns with National's pledge to split up Foodstuffs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a3a7c0cb-e892-43e1-95df-b4c8007c1170/transcript

Economic growth has slowed, with New Zealand getting through the fuel crisis better than feared.

Stats NZ data shows GDP rose 0.2 percent in the June quarter, and annual growth reached a two-year high on 1.7 percent.

Many economists were forecasting a contraction when fuel prices started spiking in March.

BNZ Research Head, Stephen Toplis, says our growth's great, in the circumstances.

"We knew the country was under the cost during that period, largely because of rapidly rising oil prices - and it was struggling. But at least it was struggling with the positive sign in front of it." 

LISTEN ABOVE

Economic growth has slowed, with New Zealand getting through the fuel crisis better than feared.
Stats NZ data shows GDP rose 0.2 percent in the June quarter, and annual growth reached a two-year high on 1.7 percent.
Many economists were forecasting a contraction when fuel prices started spiking in March.
BNZ Research Head, Stephen Toplis, says our growth's great, in the circumstances.
"We knew the country was under the cost during that period, largely because of rapidly rising oil prices - and it was struggling. But at least it was struggling with the positive sign in front of it."&nbsp;
LISTEN ABOVE

Stephen Toplis: BNZ Head of Research on what the second quarter GDP results mean for the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2ac08e41-7af5-4e30-a13a-b4c800664fba/transcript

David Walsh: NZ Post CEO on NZ Post reporting first net profit since 2023

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