The owners of toy company Zuru have been named New Zealand's wealthiest people, the first change to the top spot in 20 years.

This year's NBR Rich List saw Mat and Nick Mowbray bump packaging, property and investment magnate Graeme Hart from number one.

NBR co-editor Hamish McNicol says the pair have openly planned to become the next Google or Tesla.

LISTEN ABOVE

The owners of toy company Zuru have been named New Zealand's wealthiest people, the first change to the top spot in 20 years.
This year's NBR Rich List saw Mat and Nick Mowbray bump packaging, property and investment magnate Graeme Hart from number one.
NBR co-editor Hamish McNicol says the pair have openly planned to become the next Google or Tesla.
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

Hamish McNicol: NBR co-editor on the Mowbray family taking the top spot in NBR's 2024 Rich List

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5a6a3d19-8ed9-4b3b-be75-b18b008eaf42/transcript

A legendary West Coast pub has removed its popular outdoor seating under threat of a $20,000 fine.

It was decided the Formerly the Blackball Hilton's tables and chairs fell outside the licensed boundary.

Owner Cynthia Robins says they've been there for decades - and never caused a problem.  

"They're becoming much more strict with what's within the licenced area. We said - well, until this is resolved, we just can't have the tables there? Well, now I feel like the town doesn't look as inviting because those tables aren't out there with the umbrellas up, they look more friendly."

LISTEN ABOVE

A legendary West Coast pub has removed its popular outdoor seating under threat of a $20,000 fine.
It was decided the Formerly the Blackball Hilton's tables and chairs fell outside the licensed boundary.
Owner Cynthia Robins says they've been there for decades - and never caused a problem. &nbsp;
"They're becoming much more strict with what's within the licenced area. We said - well, until this is resolved, we just can't have the tables there? Well, now I feel like the town doesn't look as inviting because those tables aren't out there with the umbrellas up, they look more friendly."
LISTEN ABOVE

Cynthia Robins: Formerly the Blackball Hilton owner on the pub being forced to remove outdoor seating

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/100a9964-7d29-413a-8756-b409005a021f/transcript

An aviation commentator says Air New Zealand needs to look at ways to cut costs as the war in the Middle East impacts fuel prices. 

The airline's adjusted fares - lifting domestic flights $10 and long-haul flights $90.

It's suspended its guidance from less than a fortnight ago, expecting second-half earnings similar to the $59 million first-half loss.

Irene King says the airline could slash its spending. 

"They really have never addressed the cost side of their business post-Covid - and they really could get stuck in there, their labour costs are astronomical."

LISTEN ABOVE

An aviation commentator says Air New Zealand needs to look at ways to cut costs as the war in the Middle East impacts fuel prices.&nbsp;
The airline's adjusted fares - lifting domestic flights $10 and long-haul flights $90.
It's suspended its guidance from less than a fortnight ago, expecting second-half earnings similar to the $59 million first-half loss.
Irene King says the airline could slash its spending.&nbsp;
"They really have never addressed the cost side of their business post-Covid - and they really could get stuck in there, their labour costs are astronomical."
LISTEN ABOVE

Irene King: aviation commentator on Air New Zealand lifting fares in response to Middle East conflict

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/928183b3-f6e4-45a0-ab76-b4090052ae20/transcript

There's growing concerns about the economic impacts of the war in Iran.

Crude oil prices have topped $100 US dollars a barrel for the first time since 2022 - and our petrol prices surged another 14 cents over the weekend.

Harbour Asset Management's Shane Solly says these attacks are directly impacting key fuel sources, which has got economists worried about future prices.

LISTEN ABOVE

There's growing concerns about the economic impacts of the war in Iran.
Crude oil prices have topped $100 US dollars a barrel for the first time since 2022 - and our petrol prices surged another 14 cents over the weekend.
Harbour Asset Management's Shane Solly says these attacks are directly impacting key fuel sources, which has got economists worried about future prices.
LISTEN ABOVE

Shane Solly: Harbour Asset Management expert on the economic impact of the war in Iran

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/57ebfded-6183-42fc-b73b-b408007376ae/transcript

Hamish McNicol: NBR co-editor on the Mowbray family taking the top spot in NBR's 2024 Rich List

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