The Iran war may be denting demand for Turners, but the company's still outperforming previous years thanks to its popular Tina ads. 

Turners Automotive has reported a record normalised net profit of more than $63 million for the year to March – up 16%. 

Chief executive Todd Hunter told Mike Hosking strong growth in finance and insurance means they're well ahead, despite the war slowing things. 

He says the customer experience is built on trust, and selling used cars is something that doesn't normally operate on that foundation. 

LISTEN ABOVE 

The Iran war may be denting demand for Turners, but the company's still outperforming previous years thanks to its popular Tina ads.&nbsp;
Turners Automotive has reported a record normalised net profit of more than $63 million for the year to March – up 16%.&nbsp;
Chief executive Todd Hunter told Mike Hosking strong growth in finance and insurance means they're well ahead, despite the war slowing things.&nbsp;
He says the customer experience is built on trust, and selling used cars is something that doesn't normally operate on that foundation.&nbsp;
LISTEN ABOVE&nbsp;

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

Todd Hunter: Turners Automotive CEO on the company's record net profit of over $63 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3bb03f6b-7c97-40c2-9461-b45101545d9d/transcript

Nvidia, the world's largest listed company and a critical bellwether on the health of the AI sector, posted record first-quarter earnings on Thursday of more than $136 billion.

That's up 85 percent on a year ago, with forecasts for the next quarter of over $153 billion.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

Nvidia, the world's largest listed company and a critical bellwether on the health of the AI sector, posted record first-quarter earnings on Thursday of more than $136 billion.
That's up 85 percent on a year ago, with forecasts for the next quarter of over $153 billion.
Sam Dickie from Fisher Funds explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on Nvidia reporting its latest quarterly results

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/80390dd7-4ba6-49aa-8d22-b45100850621/transcript

Elon Musk's SpaceX is set to go public - allowing people to trade shares in the firm on the stock market.

The initial public offering (IPO) on the US stock market will likely be one of the largest in Wall Street history.

NZ Herald senior business writer Chris Keall says this will likely come close to making Elon Musk a trillionaire. 

LISTEN ABOVE

Elon Musk's SpaceX is set to go public - allowing people to trade shares in the firm on the stock market.
The initial public offering (IPO) on the US stock market will likely be one of the largest in Wall Street history.
NZ Herald senior business writer Chris Keall says this will likely come close to making Elon Musk a trillionaire.&nbsp;
LISTEN ABOVE

Chris Keall: NZ Herald senior business writer on what SpaceX filing for IPO could mean for Elon Musk

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b88001c1-e574-49b6-bc83-b451007a9475/transcript

Grant Baker is one of the country’s best success stories. 

The Kiwi serial entrepreneur has had his hand in a number of pies but is best known for two companies – 42 Below and Turners.  

It’s a career that’s spanned decades, and that’s before you get to his philanthropic efforts and work in co-founding the Gut Cancer Foundation in 2008. 

He’s unravelling his career in his new book ‘No Pit Stops: The Business Of Going All In’, sharing stories of successes, setbacks, and lessons he’s learned.  

While Baker has always had a bit of entrepreneurial spirit, it wasn’t until he was in his thirties that things really kicked off. 

“My wife and I invested in property and those sorts of things, y’know, traditional Kiwi way, but we never got much traction,” he told Mike Hosking  

Baker's true journey began with an offer from Eric Watson to join him in building a “$100 million company” in the Blue Star Group. 

“When he laid out the opportunity, I just thought, well I’ve got to do something, I was in my mid-thirties at the time and thought if I don’t pull the trigger now, I never will.”  

And the rest, as they say, is history. 

LISTEN ABOVE 

Grant Baker is one of the country’s best success stories.&nbsp;
The Kiwi serial entrepreneur has had his hand in a number of pies but is best known for two companies – 42 Below and Turners. &nbsp;
It’s a career that’s spanned decades, and that’s before you get to his philanthropic efforts and work in co-founding the Gut Cancer Foundation in 2008.&nbsp;
He’s unravelling his career in his new book ‘No Pit Stops: The Business Of Going All In’, sharing stories of successes, setbacks, and lessons he’s learned. &nbsp;
While Baker has always had a bit of entrepreneurial spirit, it wasn’t until he was in his thirties that things really kicked off.&nbsp;
“My wife and I invested in property and those sorts of things, y’know, traditional Kiwi way, but we never got much traction,” he told Mike Hosking &nbsp;
Baker's true journey began with an offer from Eric Watson to join him in building a “$100 million company” in the Blue Star Group.&nbsp;
“When he laid out the opportunity, I just thought, well I’ve got to do something, I was in my mid-thirties at the time and thought if I don’t pull the trigger now, I never will.” &nbsp;
And the rest, as they say, is history.&nbsp;
LISTEN ABOVE&nbsp;

Grant Baker: NZ Businessman and Entrepreneur on his decades of success and failures, new book 'No Pit Stops: The Business Of Going All In'

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c98e7df6-3542-4ee5-a1f6-b450017355b4/transcript

Todd Hunter: Turners Automotive CEO on the company's record net profit of over $63 million

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