There's green shoots emerging for New Zealand's struggling red meat sector, according to new reports.

The Meat Industry Association claims exports to China in August were down 50 percent to $107 million compared with the same time last year.

The Country's Jamie Mackay explains further.

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There's green shoots emerging for New Zealand's struggling red meat sector, according to new reports.
The Meat Industry Association claims exports to China in August were down 50 percent to $107 million compared with the same time last year.
The Country's Jamie Mackay explains further.
LISTEN ABOVE

Jamie Mackay: The Country host on red meat prices improving after economic downturn

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c1ca0f95-724e-4fe4-85b4-b21a00789040/transcript

Plenty of celebrities have expressed their support for supplement giant AG1 - but an investigation has dug up some questionable details about the company's founder.

Founder Chris Ashenden has resigned amid a Newsroom investigation that raised questions over his criminal history and unpaid fines and reparations by his now-defunct firms. 

Newsroom Pro managing editor Jonathan Milne says Ashenden's refusal to be interviewed set off journalistic 'alarm bells'.

LISTEN ABOVE

Plenty of celebrities have expressed their support for supplement giant AG1 - but an investigation has dug up some questionable details about the company's founder.
Founder Chris Ashenden has resigned amid a Newsroom investigation that raised questions over his criminal history and unpaid fines and reparations by his now-defunct firms.&nbsp;
Newsroom Pro managing editor Jonathan Milne says Ashenden's refusal to be interviewed set off journalistic 'alarm bells'.
LISTEN ABOVE

Jonathan Milne: Newsroom Pro managing editor on AG1's founder resigning following criminal history investigation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/617370c0-2179-4458-a5ef-b21a00764618/transcript

It's less than a week until voters in the US will cast their ballots and determine a new president - and experts are wondering about the economic impacts.

No matter who wins, both Kamala Harris and Donald Trump have policies that could have implications regarding the future of international business.

NZ Herald business editor at large Liam Dann explains what the candidates could do for New Zealand's economic future.

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It's less than a week until voters in the US will cast their ballots and determine a new president - and experts are wondering about the economic impacts.
No matter who wins, both Kamala Harris and Donald Trump have policies that could have implications regarding the future of international business.
NZ Herald business editor at large Liam Dann explains what the candidates could do for New Zealand's economic future.
LISTEN ABOVE

Liam Dann: NZ Herald business editor at large on the economic impact of the US election

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9d7ec367-839c-43c1-b59e-b21a00734bb4/transcript

Auckland mayor Wayne Brown has launched a bid to establish a direct flight from Auckland Airport to Brazil's Sao Paulo.

He believes this could boost trade between New Zealand and Brazil by up to $1.5 billion a year.

NZIER Principal Economist Chris Nixon says this is a good idea - and could open up new opportunities for New Zealand.

"Given the mayhem which is happening in the United States at the moment and their incoherent economic policies - we've got to be innovative." 

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Auckland mayor Wayne Brown has launched a bid to establish a direct flight from Auckland Airport to Brazil's Sao Paulo.
He believes this could boost trade between New Zealand and Brazil by up to $1.5 billion a year.
NZIER Principal Economist Chris Nixon says this is a good idea - and could open up new opportunities for New Zealand.
"Given the mayhem which is happening in the United States at the moment and their incoherent economic policies - we've got to be innovative."&nbsp;
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Chris Nixon: NZIER Principal Economist on mayor Wayne Brown's push for direct flights to Sao Paulo

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e111c099-3fc1-4a8c-88c7-b21a0064c706/transcript

Optimism is rising among businesses - largely driven by construction. 

ANZ's October business outlook has business confidence up five points on 66, in a 10-year high. 

Meanwhile, the proportion of businesses feeling they're faring well, has climbed to -11 in the highest point since March. 

Chief economist Sharon Zollner says it boils down to interest rates. 

She says fewer construction firms say they're not busy than a year ago - and she explained conditions are tough, but things are starting to look up a little.

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Optimism is rising among businesses - largely driven by construction.&nbsp;
ANZ's October business outlook has business confidence up five points on 66, in a 10-year high.&nbsp;
Meanwhile, the proportion of businesses feeling they're faring well, has climbed to -11 in the highest point since March.&nbsp;
Chief economist Sharon Zollner says it boils down to interest rates.&nbsp;
She says fewer construction firms say they're not busy than a year ago - and she explained conditions are tough, but things are starting to look up a little.
LISTEN ABOVE

Sharon Zollner: ANZ Chief Economist on construction leading the return of optimism to the business sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/85a08eb9-e5f5-4d32-9bd2-b21a00532d33/transcript

Spark has reduced its earnings and dividend guidance for the 2025 year, saying its financial performance 'falls short of what is acceptable'.

The company said its operating earnings (Ebitdai) were expected to fall to around $1.12-$1.18 billion in 2025, down 4% from a previous forecast of $1.165-$1.22b.

The company has reduced its dividend forecast from 27.5 cents to 25c, 75% imputed.

Milford Asset Management's Jeremy Hutton unpacks the downturn.

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Spark has reduced its earnings and dividend guidance for the 2025 year, saying its financial performance 'falls short of what is acceptable'.
The company said its operating earnings (Ebitdai) were expected to fall to around $1.12-$1.18 billion in 2025, down 4% from a previous forecast of $1.165-$1.22b.
The company has reduced its dividend forecast from 27.5 cents to 25c, 75% imputed.
Milford Asset Management's Jeremy Hutton unpacks the downturn.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management Equities Analyst on Spark reducing their profit outlook and dividend payout

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/55332b06-9054-432c-ae2f-b2190074e6b1/transcript

BNZ is set to head back to court tomorrow as part of their ongoing legal dispute with Gloriavale.

If the hearing goes well, the bank could get approval to close the accounts Gloriavale has with BNZ.

NZ Herald Wellington business editor Jenee Tibshraeny reveals what could come out of tomorrow's case.

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BNZ is set to head back to court tomorrow as part of their ongoing legal dispute with Gloriavale.
If the hearing goes well, the bank could get approval to close the accounts Gloriavale has with BNZ.
NZ Herald Wellington business editor Jenee Tibshraeny reveals what could come out of tomorrow's case.
LISTEN ABOVE
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Jenee Tibshraeny: NZ Herald Wellington business editor on BNZ's bid to close Gloriavale accounts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/18992824-b45f-431a-9c8e-b2190070aed3/transcript

Small businesses want the Government to rethink regulations it describes as a burden. 

A new report from Business NZ claims small Kiwi businesses are bogged down by compliance hurdles and complicated regulations, which it says cost time and money. 

Business NZ CEO Katherine Rich told Mike Hosking politicians need to ease the burden, and not politicise it. 

She says too often the debate around small business involves politicians promising to cut red tape, but she says they need to be more specific about what will actually change. 

Rich says they've provided a practical shopping list of possible regulation changes that would help businesses almost immediately. 

LISTEN ABOVE 

Small businesses want the Government to rethink regulations it describes as a burden.&nbsp;
A new report from Business NZ claims small Kiwi businesses are bogged down by compliance hurdles and complicated regulations, which it says cost time and money.&nbsp;
Business NZ CEO Katherine Rich told Mike Hosking politicians need to ease the burden, and not politicise it.&nbsp;
She says too often the debate around small business involves politicians promising to cut red tape, but she says they need to be more specific about what will actually change.&nbsp;
Rich says they've provided a practical shopping list of possible regulation changes that would help businesses almost immediately.&nbsp;
LISTEN ABOVE&nbsp;

Katherine Rich: Business NZ CEO says the Government needs to ease the burden on small businesses, not politicise it

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1297bbb6-4af1-4fed-b9ab-b21801354b55/transcript

The latest employment numbers for September 2024 show the job market is still in a tough spot.

Annual filled jobs were down 0.9 percent compared to this time last year.

Infometrics Principal Economist Brad Olsen says this is a tricky point for the economy - and things aren't expected to get better until mid-2025.

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The latest employment numbers for September 2024 show the job market is still in a tough spot.
Annual filled jobs were down 0.9 percent compared to this time last year.
Infometrics Principal Economist Brad Olsen says this is a tricky point for the economy - and things aren't expected to get better until mid-2025.
LISTEN ABOVE

Brad Olsen: Infometrics Principal Economist on the latest employment numbers for September 2024

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/900fe991-f902-4ced-ac19-b2180066e8d0/transcript

The Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks.

The advice is in response to the Commerce Commission market study on personal banking.

Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users.

"If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."

LISTEN ABOVE

The Finance Minister has received early advice on how to better capitalise Kiwibank so it might compete better with the large Australian-owned banks.
The advice is in response to the Commerce Commission market study on personal banking.
Minister Nicola Willis says she hopes to bring more competition to the banking sector to improve things for Kiwi users.
"If you look over to Australia, they had a similar cosy oligopoly situation happening - Macquarie Bank played quite a disruptive role in that market, and the result was a better deal for everyday bank users."
LISTEN ABOVE

Nicola Willis: Finance Minister on her plan to boost up Kiwibank so it can compete with the bigger banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/358f2c0f-6c79-4d4d-a3c1-b218005d982c/transcript

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

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