Podcasts about businessdesk

Xero's revenue hits the $2 billion mark and market watchers are discussing its potential to hit the US market. The Colorado-based but NZX-listed software company IkeGPS shares have been soaring on the back of optimism about the US economy and why a top economist says New Zealand stands to benefit from moves in China to boost consumption. Rebecca Stevenson is a senior journalist at BusinessDesk.

If what's they're saying about a Flick Electric shutting up shop is true, and I've no reason to doubt it, then it should come as no surprise. This is a BusinessDesk report - it's owned by Z and so far, they're not saying anything. It's one of the smaller retailers that help keep the bigger gentailers honest, but the cracks started showing ages ago. Winter 2021, they closed their books to new customers. The great wholesale price crunch hit them hard. Last year, again, wholesale prices shot up above retail. You can't run a business like that, and we were warned then about what is happening now. Means little guys can't hold on. The problem is hedging. They couldn't afford the cost of hedging during the crunch for new customers. That means less choice for us, and we know what that typically means for prices. Unlike your Air New Zealand regional airfares debate this past week, there is a quick fix for this problem. At least a partial one. The government announced to much fanfare in February that the big gentailers would no longer be allowed to offer sweetheart deals to their own lot, and transparency about those deals would be forced upon them. The generator part favouring its own tailer, but not other, smaller players. So, the odds are stacked against them and flick - out goes the lights. So, we've known about this unfairness since at least 2021 for Flick, we've had belatedly an announcement something might change, but years later no change and another retailer bites the dust. 40,0000 customers off to, you guessed it, Meridian - one of the big gentailers. Losing Flick, if true, is another sign winter is coming, and I can't see anybody in much of a hurry to do much about it. See omnystudio.com/listener for privacy information.

Rebecca Stevenson is a senior journalist at BusinessDesk

BusinessDesk's primary sector journalist on another potential wave of dairy conversions.See omnystudio.com/listener for privacy information.

Maria Slade is BusinessDesk's Property Editor.

The NZX50 index had fallen about 3.7 percent at the close of market today - as Donald Trump's tariffs continue to reverberate globally. It hasn't had a fall of this magnitude since the pandemic. Sharesies Co-CEO Brooke Roberts says it's hard to say how long markets will keep rattling around. "Look, it's unprecedented times in terms of the shock that has happened to the markets at the moment based off the back of the tariffs - and the ripple effect that's happening to economies." BusinessDesk reports Trade Minister Todd McClay says the NZ Embassy in Washington will raise concerns over tariffs to the US trade representative. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The NZX50 index had fallen about 3.7 percent at the close of market today - as Donald Trump's tariffs continue to reverberate globally. It hasn't had a fall of this magnitude since the pandemic. Sharesies Co-CEO Brooke Roberts says it's hard to say how long markets will keep rattling around. "Look, it's unprecedented times in terms of the shock that has happened to the markets at the moment based off the back of the tariffs - and the ripple effect that's happening to economies." BusinessDesk reports Trade Minister Todd McClay says the NZ Embassy in Washington will raise concerns over tariffs to the US trade representative. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Victoria goes beyond the supermarkets, discussing a BusinessDesk investigation into the major food suppliers in this country and their use of transfer pricing.

Chris Small from ABC Business Sales summed up the business loan scheme beautifully on the Mike Hosking Breakfast this morning: it was a balls up that was going to, has indeed, and will continue to cost the country hundreds of millions of dollars. Let me take you back to March 2020. Business loans were made available in May – the announcement was made in March for small businesses affected by Covid-19. Businesses were offered up to $20,000, plus $1800 per full time employee. More than 129,000 businesses took out loans worth $2.4 billion. Borrowers had five years to repay the loan, and many would reach that limit from June. It was never going to work. And the worst thing was everybody could see that it was not going to be a boon for the businesses that they thought it was, that it was not going to be a temporary stopgap, that the audits that Grant Robertson said would be put in place to protect the scheme were not going to work. Everybody could see that, everybody that is, but the previous government. “In hindsight if the previous regime could look back, I'm sure they would wind it back and put a few more bells and braces in there because what they're now finding is people basically took the money thinking it was unlikely they were going to pay it back. And sure enough, they haven't paid it back, with little consequences. No security was taken in the way of PG's (personal guarantees) or any GSAs over their businesses, so it was a real free hit for the business owner at the time. “Because there was no security taken, so the houses aren't at risk, no personal guarantee, so they can't get personally bankrupted, all the IRD, from what I've seen or read, can do is put in this default interest rate. Yes, that will keep mounting up and capitalising, and certainly a sole traders position, may just walk away and set up new entity or just ignore it. But I don't think it's realistic for the IRD to go around and just from an administration perspective, there's 120-odd thousand people to chase. It's just not going to happen. So it's just it was a balls up that's going to cost us hundreds of millions of dollars, unfortunately.” Yep, another one. That was Chris Small from ABC Business Sales on the Mike Hosking Breakfast this morning. Utter madness. And at the risk of triggering those of us who did not have a good time under the previous administration, we do have to discuss it as the mistakes made then must never be made again. They have to be acknowledged – that it was a balls up. He put it beautifully. There were many of them and we mustn't do them again. I think we can take it as read that high trust models don't work, we tried that experiment, didn't work. Didn't work for the business loans, didn't work for MIQ stays. BusinessDesk wrote back in 2023 that hotels that provided rooms for the government's controversial quarantine system received more than $1 billion. Just $187 million has been recovered by the government from people who had to pay for their MIQ stay, another $26 million is outstanding. So it didn't work there. High trust didn't work when it came to policing. It didn't work when it came to allowing troublesome tenants to stay on in Kainga Ora accommodation. I can't think of a single sector where it actually worked. I remember my accountant saying to me, she had businesses who were taking the loan and saying, oh, we're not going to pay it back. Why should we? There is absolutely no need to – if they're stupid enough to give us the money, we're not going to pay it back. Surely there is a moral authority that if you can, you should. And if you can and you won't, then you must never, ever talk about beneficiaries bludging off the system ever again. Same with student loan defaulters, you have no moral high ground at all. We can't move on. It'd be wonderful to be able to move on, but we can't move on when we are paying and paying and paying for stupid, ill-considered poorly advised decisions. And we're all going to be paying for a very, very long time to come. See omnystudio.com/listener for privacy information.

A lot's riding on the Government as it opens the country up to more offshore investment. Representatives of more than 100 foreign entities are in Auckland to eye up potential opportunities at the Infrastructure Investment Summit. The Government's hoping for more project funding and public-private partnerships. Chief Executive with infrastructure investor Morrison, Paul Newfield told Mike Hosking New Zealand needs to be painted as a great place to invest. He says the Government needs to present a multi-decade pipeline, a vision for what infrastructure could be, and a commitment to maintain work over successive governments. Meanwhile, Australian investor Plenary's already confirmed to BusinessDesk it intends to bid on the first stage of the multibillion-dollar Northland Expressway. LISTEN ABOVE See omnystudio.com/listener for privacy information.

An Auckland-based Canadian billionaire previously linked to an alternative news venture has taken a substantial holding in media company NZME. NZME owns the NZ Herald, BusinessDesk and Newstalk ZB. E tū negotiator Michael Wood says many are concerned about a potential change in editorial direction. "The concern here is that we clearly have an individual that is highly motivated to take control of a major media entity in New Zealand and who is doing so, quite clearly, with the intent of promulgating a particular political perspective." LISTEN ABOVESee omnystudio.com/listener for privacy information.

An Auckland-based Canadian billionaire previously linked to an alternative news venture has taken a substantial holding in media company NZME. NZME owns the NZ Herald, BusinessDesk and Newstalk ZB. E tū negotiator Michael Wood says many are concerned about a potential change in editorial direction. "The concern here is that we clearly have an individual that is highly motivated to take control of a major media entity in New Zealand and who is doing so, quite clearly, with the intent of promulgating a particular political perspective." LISTEN ABOVESee omnystudio.com/listener for privacy information.

It's looking more likely that NZ First is on board with the new rules for foreign investors - including a shake-up for overseas buyers of property. New reports claim NZ First is set to agree to allow wealthy people to purchase homes over a certain threshold - it's rumoured to be $5 million. BusinessDesk's Pattrick Smellie explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

It's looking more likely that NZ First is on board with the new rules for foreign investors - including a shake-up for overseas buyers of property. New reports claim NZ First is set to agree to allow wealthy people to purchase homes over a certain threshold - it's rumoured to be $5 million. BusinessDesk's Pattrick Smellie explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Rebecca Stevenson is a senior markets journalist at BusinessDesk

What are bonds role in today’s unpredictable economic landscape?In this quick bite, Chris Di Leva from Harbour Asset Management & Pattrick Smellie from Businessdesk talk about how bonds can hedge against global growth shocks, plus the shifting dynamics of globalization, trade, and geopolitics. Plus, what is the likelihood that political uncertainty—from Trump’s unpredictability to broader geopolitical risks—could upend markets?This quick bit is from our previous episode 2025: What Investors need to know For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Limited (NZ) in New Zealand and Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) (collectively referred to as ‘Sharesies’). Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not personal financial advice and provides general information only. Past performance is not an indication of future performance. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

How wild could this year get? Businessdesk’s Pattrick Smellie and Chris Di Leva of Harbour Asset Management tell us what we might want to prepare for. U.S. markets are riding high on the promise of deregulation, while China faces structural challenges that could last a decade. Bitcoin has defied expectations to rise beyond $100,000, though concerns remain about crypto (especially meme coins). On the other hand, the AI goldrush is facing hard questions. Plus: why bonds are having a moment, the growing influence of politics on the markets, and what all that could mean for your portfolio planning. For more or to watch on youtube—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Limited (NZ) in New Zealand and Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) (collectively referred to as ‘Sharesies’). Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not personal financial advice and provides general information only. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Facebook and Instagram users have recently noticed their accounts have started following President Donald Trump, his wife Melania and Vice President JD Vance without their prior knowledge. Gracie Abrams and Demi Lovato are among the famous names who have posted complaints Meta won't let them unfollow these accounts, with Abrams eventually being forced to block them altogether. Others have also noticed the hashtag #Democrat was blocked on Instagram this week. BusinessDesk tech columnist Peter Griffin says Meta CEO Mark Zuckerberg is among the tech billionaires who have openly voiced support for Trump - but it's more likely to be a glitch than a conspiracy. "A lot of people on Facebook were obviously following the Facebook accounts of Joe Biden, Kamala Harris and others - they've been handed over to the new administration, and it looks as though people are suddenly following the President and the posts from the new administration, but it's a change of people." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Facebook and Instagram users have recently noticed their accounts have started following President Donald Trump, his wife Melania and Vice President JD Vance without their prior knowledge. Gracie Abrams and Demi Lovato are among the famous names who have posted complaints Meta won't let them unfollow these accounts, with Abrams eventually being forced to block them altogether. Others have also noticed the hashtag #Democrat was blocked on Instagram this week. BusinessDesk tech columnist Peter Griffin says Meta CEO Mark Zuckerberg is among the tech billionaires who have openly voiced support for Trump - but it's more likely to be a glitch than a conspiracy. "A lot of people on Facebook were obviously following the Facebook accounts of Joe Biden, Kamala Harris and others - they've been handed over to the new administration, and it looks as though people are suddenly following the President and the posts from the new administration, but it's a change of people." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Nearly 40 jobs are set to be cut at NZME, which runs the NZ Herald, BusinessDesk and Newstalk ZB news operation. Presenter of RNZ's Mediawatch programme Hayden Donnell spoke to Alexa Cook.

Rebecca Stevenson is a senior journalist at BusinessDesk. Rebecca discusses public sector job cuts and who is wearing most of the pain. She also talks about the success of the football franchise Auckland FC and the struggles of leading telecommunications company Spark.

BusinessDesk senior correspondent, Dileepa Fonseka. 

Kmart's New Zealand operation is approaching the $1 billion turnover mark, as it plans to open its largest store in the country yet. BusinessDesk reports annual earnings lodged with the Companies Office show Kmart NZ Holdings declared just shy of $1 billion total revenue in the year to June 30. Auckland University marketing professor says Kmart has managed to create quality products and boost its fashion output to avoid the stigma that comes with big-box retailers. "They've reduced the amount of stuff that they had and they're only focused on really good, quality products at that affordable price - so through doing that and getting their fashion and style up, they've managed to avoid the stigma." LISTEN ABOVESee omnystudio.com/listener for privacy information.

BusinessDesk editor Victoria Young talks to Kathryn about how the corporates are measuring emissions and why overall output may not be as useful a measure as emissions intensity. 

Pattrick Smellie, who has been a regular contributor to this show, is back from his long European sabbatical - and he reckons we need to cheer up in New Zealand.He's written a piece for BusinessDesk saying that the headlines he's seeing here at home suggest we're as miserable as we were back in the early 1990s during Ruth Richardson's recession. And he points out that all 9 countries he visited actually had the same problems - race relations, violent crime, failing infrastructure, countless crises, countries going backwards, but they were dealing with it without the same sense of fatalistic despair that we have over it.Now I've thought about this a lot overnight, and I agree that we're extremely gloomy. And I would be the first to tell us to give ourselves an uppercut if I thought we were being unreasonably miserable, but I think we're justified in feeling like we do.Because- and I can't speak for other countries - we have gone through a massive shift in the last few years. We went from being the rockstar economy, prosperous and riding the wave of Chinese demand to three recessions in two years.  Name me another country that we compare ourselves to that has had three recessions in two years. That's a tough thing to go through.Pattrick himself admits it's bad. He points out that we've slipped in a comprehensive UN measure of everything from life expectancy and education to economics. We've dropped 7 places in one year, that's how fast things have gone backwards for us.We've gone from being the safe place you want to raise your kids in to having 11 to 12 homicides in the North Island in just over a month - including a body found burnt out in a car somewhere today.I think what's made us gloomy is the size of the shift. Others may also be experiencing what we are, but I suspect not with the swing from one extreme to the other that we have - which makes the bad feel so much more bad because it was so good. So yeah, we're gloomy. And yeah, like Pattrick, I'm looking forward to us coming out of this. But I don't think we're being dramatic in how we feel, I think it's justified. And I think it's good, because it means we don't accept it - and we're motivated to change it.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tonight on The Huddle, Nick Mills from ZB's Wellington Mornings and Toby Manhire from the Spinoff joined in on a discussion about the following issues of the day - and more! Courts will be able to ban gang members from wearing patches in the home thanks to an amendment the Government made to the bill. Is this a step too far? Winstone Pulp International announced its pulp and saw mills in the Ruapehu District will close indefinitely - putting more than 200 people out of work. Should the Government have gotten involved and saved the mills? Are we getting too gloomy? A new piece by Pattrick Smellie from BusinessDesk says New Zealand's gotten too unhappy recently. Are we right to complain about the economic and social issues? The Australian Government is looking at banning social media for kids, with legislation to arrive by the end of the year? Is this the right move? LISTEN ABOVESee omnystudio.com/listener for privacy information.

PwC has identified accounting irregularities, complexities and a lack of auditing at failed Auckland property development group, Du Val. This first receiver's report says one area of concern is related-party transactions. BusinessDesk reporter Maria Slade says PwC has identified a $15 million intellectual property transaction between a trust belonging to founders Kenyon and Charlotte Clarke - and another entity. "It was a loan, and apparently there's no accounting records or anything to show where the funds came from. The loan is now $5 million - where did that other $10 million go and what was it for? Nobody knows." LISTEN ABOVESee omnystudio.com/listener for privacy information.

New Zealand Media and Entertainment (NZME) says its first-half revenue was slightly up on the year before, despite a tough trading environment. The media group behind the New Zealand Herald, BusinessDesk, Newstalk ZB and OneRoof reported a first-half net profit of $1.9 million, down 4.3 percent on the year before. However, there was a 3 percent lift in operating revenue and other income to $171 million. NZME chief executive Michael Boggs says the company will be in for a tough few months - but hope is returning to the economy.  "We are seeing signs of improvement, we're obviously seeing the OCR coming down, we're seeing business and consumer confidence start to lift - so we'd love to see that flow through." LISTEN ABOVESee omnystudio.com/listener for privacy information.

BusinessDesk's Ian Lewellyn talks to Jesse about why our power market is the way it is, how high power prices work, and what the future may hold.

Rebecca talks to Paddy Gower about the turmoil on the international sharemarket, US stock markets have recovered slightly after falling sharply on the opening of trading. Concerns about the US economic outlook have provoked the global selloff, with tech shares recording the greatest declines. Rebecca Stevenson is a senior journalist at BusinessDesk.

In this quick bite: Infratil CEO Jason Boyes reflects on why it's important for the infrastructure company to not only grow globally, but still appeal to the hearts and minds of NZers. For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

What's next for the market darling infrastructure investment company infratil? Can it maintain double digit growth?  We talk to Infratil CEO Jason Boyes as the company reflects on 30 years and its $14 billion portfolio of 15 companies across four sectors—digital, renewables, healthcare and airports. Off the back of Infrail's full year results and outlook, we discuss Asia Pacific including a potential deal with Hong Kong Telecom, balancing AI demand with sustainability, and will Infratil buy the remaining stake in Wellington Airport?   For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

In this quick bite, Tony Alexander looks at current downturn in New Zealand's housing market, delving into the surge of listings and the emerging trend of investors offloading properties. Plus the big question, when will the market recover? For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

A sharp increase in house listings as some long-time investors exit, has put the ball back in the buyer's court. We talk to independent economist Tony Alexander about his analysis on this and the latest results from the quarterly Sharesies Investing Insights survey.    You'll hear his prediction on when interest rate cuts will start, why house prices are flat lining or down, the consequences of axing the First Home Grant, and the emerging rent-to-buy sector.    For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Rebecca looks at some strong results on the NZX, including Turners Automotive and My Food Bag. Utilities software company Gentrack has made a notable turnaround. And a look at tech company Rakon which is the subject of a mystery buyer. In the US, Disneyland Resort cast members have voted to unionise - part of a wider trend across the country of employees seeking better employment conditions. Rebecca Stevenson is a senior journalist at BusinessDesk.

EROAD has 120,000 devices in cars in New Zealand and is making inroads in the US. What's the potential of this data combined with the latest in AI development? We find out in this bonus episode featuring EROAD co-CEOs Mark Heine and David Kenneson following the company's recent financial results. Our conversation covers technology, privacy and future growth opportunities. Plus are two CEOs better than one?  For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

The transition to net-zero has put NZ founded tech company Gentrack on the investor map.  We talk to CEO Gary Miles off the back of some impressive half-year results and as Gentrack expands into the Middle East, Asia and Europe with its software that includes smart metering, sensors and billing for power and water utilities, and airports. You'll learn how Gentrack is taking on global players Oracle and SAP. And how it hopes to enable both Kiwi and Aussie consumers to pump power from battery and solar assets into the main grid and be paid!  For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Victoria Young looks at why The Warehouse chief executive Nick Grayston has quit effective immediately. New research shows just how much a company crisis can impact share prices. And, a fraying relationship between Christchurch City Council and CCHL, a company which controls more than $5b of its assets. Victoria Young is editor of BusinessDesk.

In a landscape of fluctuating interest rates, where are you parking your cash? Economist Brad Olsen breaks down the current financial environment and we ask what decisions are facing savers and borrowers? Plus, the emerging trend of shorter fixed mortgage terms... This is from our previous episode 'When will interest rates turn? Brad's view' For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

The economy has been a bleak subject for much of this year. But are we starting to see that light at the end of the tunnel? For a pulse check we talk to Infometrics Principal Economist Brad Olsen about how NZ is faring and what makes our situation different to other parts of the world.  Unsurprisingly the higher interest rate environment dominates our conversation and Brad makes a call on which way the Reserve Bank will lean when it meets next week.  This episode covers what you need to know about inflation, house price movements and which sectors investors need to look out for. Plus the untapped potential that is Japan.  For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

In this bonus bite, Frances Cook & Milford's Daniel Wu dive into Meta's (Facebook's) planned use of AI and the potential to leverage its massive user data trove. We explore how Meta might responsibly use this data for other purposes, such as training AI models, while addressing privacy concerns. Join us as we discuss Meta's AI ambitions, the challenges, and the opportunities that lie ahead. This bonus bite is in addition to our previous episode 'Meta in focus–AI, ethics and TikTok' For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Investing involves risk. This episode is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information provided is general only and current at the time and does not take into account your circumstances, objectives or needs. We do not provide recommendations and you should always read the disclosure documents available to the product's issuer before making a financial decision. Our disclosure documents can be found on our website. If you require financial advice, you should consider speaking with a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.See omnystudio.com/listener for privacy information.

What's next for Meta, the tech titan behind brands like Facebook, Instagram and WhatsApp?   Sydney based Milford Asset Management senior analyst, David Wu, covers all the bases following Meta's Q1 earnings, including why its forward guidance disappointed some investors.  This conversation looks at the potential and the challenges ahead for Meta including how it hopes to justify, and monetize, AI initiatives.  You'll learn about the significance (or not) of the social platform's first dividend, and is Tiktok the threat it once was?   For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Investing involves risk. This episode is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information provided is general only and current at the time and does not take into account your circumstances, objectives or needs. We do not provide recommendations and you should always read the disclosure documents available to the product's issuer before making a financial decision. Our disclosure documents can be found on our website. If you require financial advice, you should consider speaking with a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.See omnystudio.com/listener for privacy information.

BusinessDesk editor, Victoria Young crunches the numbers as Westpac and BNZ post their six-month results, with other major banks expected to follow.

We cross to Omaha, Nebraska in the US to speak with Sharesies co-founder and CEO Leighton Roberts as he fulfills a life-long dream to hear investing legend Warren Buffet. Leighton was one of 40,000+ investors from all over the world who attended the Berkshire Hathaway annual shareholder meeting. Helen Matterson asks Leighton about the experience and his takeaway for retail investors. For more episodes of Shared Lunch via podcast or YouTube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Ever seen a small ‘B' logo on a product or website? You were probably looking at a certified B Corporation—a business that meets rigorous standards of social and environmental performance.  Sharesies co-founder and co-CEO Brooke Roberts sits down with Alex Hannant and Mindy Leow from B Lab—the nonprofit network behind B Corp certifications—to discuss the global B Corp movement and why it matters for investors. The conversation covers growing consumer demand for ethical companies, the role of B Corps in shaping a sustainable economy, what it takes to become a B Corp, and Sharesies' experience with gaining the certification.  For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Rebecca discusses the arrest of Michael Chai, the director of a New Zealand-based company Blackwell Global Holdings. He was taken into custody trying to board a plane in the Philippines, bound for Hong Kong, and is wanted for alleged fraud in China. And Being AI (BAI) has debuted on the New Zealand stock exchange, but got off to a rocky start. Rebecca Stevenson is a senior journalist at BusinessDesk.

Last week on Shared Lunch James Shaw, former Climate Change Minister, joined Pattrick Smellie to talk climate investment. In this quick bite he shares how he sees the global transition to sustainable technologies as one of the most significant investment opportunities we've faced, spanning infrastructure, housing, transport, energy, waste management, agriculture, and more. Check out the full episode: 'Ride the wave or be the wave–James Shaw' For more or to watch on youtube—check out http://linktr.ee/sharedlunch Brought to you by Sharesies, with BusinessDesk. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Shared Lunch is not financial advice. We recommend talking to a licensed financial adviser. You should review relevant product disclosure documents before deciding to invest. Investing involves risk. You might lose the money you start with. Content is current at the time.See omnystudio.com/listener for privacy information.

Dileepa looks at figures showing the number of highly skilled migrants is falling, despite a bump in immigration. And a new BusinessDesk series, JobWatch 2024, looks at layoffs in both the private and public sectors. Finally, a new report launches today, looking at food and fibre exports and what might lift their productivity. Dileepa Fonseka is a Senior Correspondent with BusinessDesk.

Just a third of New Zealanders now say they trust the news. That's the major finding of AUT's research centre for Journalism, Media and Democracy's fifth annual Trust in News in Aotearoa New Zealand report. Trust in news in general fell from 42 percent last year to 33 percent in this year's report - but it's a whopping 20 percent down from the first report in 2020 when it was at 53 percent. All 16 news brands that were part of this survey suffered declines in trust. The ODT had the highest trust score, with RNZ and the NBR tied in second place and TVNZ, Newsroom, BusinessDesk and 'other commercial radio' tied for third. Other findings from this year's survey: Fewer people believed the news media was independent of political influence and more said they actively avoid the news to some degree. The survey was conducted in February just before the shock announcement that Newshub was set to close, and that TVNZ would be cutting jobs and news programmes. Final decisions are expected from both organisations this week. Kathryn is joined by Dr Merja Myllylahti and Dr Greg Treadwell, co-authors of the report.

In the most recent installment of BusinessDesk's Business of Education series, the focus is on universities and their balance sheets. Victoria Young also looks at the downturn in property funds.