Podcasts about pattrick smellie

I think it's fair to say, don't you think, that Labour's first policy has been a flop? It's been panned by pretty much everybody worth listening to or worth reading. I mean, I see Maiki Sherman over at TVNZ liked it last night. She called it a 'solid first hit' on telly, but I think everyone else seems to have seen through what Chippy's trying to do here. Let me quote you some. Tom Pullar-Strecker at The Post: Labour's Future Fund hits the buzzwords, but the rationale is hard to follow. Pattrick Smellie at BusinessDesk: This suggests either that Labour is economically illiterate or that its target audience is presumed to be. Radio New Zealand: The distinct lack of detail has left Labour somewhat exposed, evoking echoes of other ambitious projects that fizzled like KiwiBuild or the Green Investment Fund. Jenée Tibshraeny at the Herald says this is actually less about making New Zealand wealthy and really more about having a crack at National and possible asset sales at the next election. Henry Cooke at The Post: Labour's Future Fund promises everything and nothing. It's hard to know what to really make of this. And then from Patrick Smellie again, because his piece is just so eviscerating: Labour will have to do a whole lot better than this. Now, basically, what you could take from that is that no one serious is convinced by it - because Labour has taken a great idea, which is Singapore's Temasek, and then taken away all the things that make Temasek successful. Temasek sells assets, this lot is not allowed. Temasek invests overseas, this lot is not allowed. That's just a couple of the problems here. Honestly, the list of problems in this policy announcement is so long, we could do an entire show about it. I suspect Labour knows and I think they know it's a bad idea. They just think we're too stupid to realize how bad an idea it is. They think that we're going to be hoodwinked by all of the feel-good slogans about investing in New Zealand's future and cutting out the foreign investors and stuff like that. But I'm happy to report that judging by the media roundup I just read you, we're not at all as stupid as Labour thinks we are. We can see a dog policy when we're presented with one, and this is one. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour unveiled their first major policy a year out from the 2026 election, and it's prompted mixed reactions from experts. Some have lambasted the proposed New Zealand Future Fund for being light on details, and Labour has yet to confirm which public assets will be managed by this fund. BusinessDesk managing editor Pattrick Smellie offered his take on the proposed idea. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour released some policies yesterday. Very late in the piece, and you can kind of see why. Just like that, we're back to 2017 with a cut and paste of lofty rhetoric, promises to spend lots of money, and little to no detail. It's a dud, I think it's fair to say. And it's not just me saying that. Oh, we'd expect you to say that, you hate Labour. No, I don't hate Labour. I just hate really, really dumb ideas. I hate the fact that they think that we're all idiots. I hate the fact that they're relying on the fact we have short memories. I hate the fact that apparently, they have been working on this idea since 2017, and this is all they can come up with. When you have Radio New Zealand's political analysts calling it a flop, it's a flop. You know, they are about as sympathetic as you can possibly get. Basically, if you missed it yesterday, it was the announcement of a Future Fund. The Future Fund will sit alongside and be operated by the New Zealand Super Fund, with the Minister of Finance acting as the sole shareholder. Chris Hipkins (and this terrifies me), Chris Hipkins said the policy would be one of the cornerstones of the next Labour government. We want to back New Zealand businesses and invest in New Zealand. We need to see more of our wealth being invested back here in New Zealand rather than flowing overseas. So by using some of our existing public assets, our existing state assets, putting them into a Future Fund, using the returns from them to reinvest in growing New Zealand businesses, we can create jobs and keep more wealth here at home. You're putting in $200 million in cash. Are you also putting in assets? That's right. So we're not being specific right now on which companies, which, you know, existing companies would go in because there are market disclosure issues and so on. Some of those are pub, you know, partially publicly listed companies. But we'll set all of that out in government. Set all of that out in government. Just trust us. We're not going to give you any detail. We'll just trust us to fix it in government. There is so much wrong with this thought bubble policy, I don't know where to start, so I'll let Chris Bishop do it. I thought it was a bit of a brain fart put to paper. I mean, honestly, like I had a read of it. Like my like there's more detail on my Uber Eats order than there is in what they've put in their document. I mean, honestly, it's just it's 11 pages - three of them are photos. One of them is like something that you take out of a clip art manual and chuck on the front page. I mean, honestly, it's there's nothing there. No, there's not. As Nat Rad said, Labour is most vulnerable to the criticism around the thin details, as it feeds National's well-established attack line that Labour is all slogans, no substance. The policy documents came with no figures and no list of assets. And that glib Chris Hipkins, ‘I will fix that in government', really? How did that work out last time? Not so well. To think that Grant Robertson began work on the Future Fund in 2017. Even allowing for the COVID years, that is the best they can do. Another concern is, as the PM pointed out, those crown assets provide profits that fund health and education. If the money is being diverted to the fund, where will the shortfall in funding come from? Probably increased taxation. And that's fine, but give us the details so that we can then make an assessment on it. If you're going to get the extra funding through a capital gains tax or through raising income tax or whatever - tell us, and then we can decide whether that's where we want the money to go. Is there even a need for this fund to back New Zealand businesses? What is this trope that, plucky little New Zealanders have to have a stake in amazingly successful New Zealand businesses? The CEO of Icehouse was on with Mike this morning, and he pointed out that capital investors are always available for good ideas. There is no shortage of professional investors awash with money who know a good idea when they see one and will pay for it. Is it the government's business to be picking winners when it comes to SMEs? Didn't work with the DFC, which was created in the 60s, the Development Finance Corporation, to support industrial development in New Zealand through loans and equity. It failed spectacularly in the late 80s, costing the country billions. Pattrick Smellie from BusinessDesk says Labour's claim that their future fund is comparable to Singapore's state investment house Temasek is completely and utterly unsustainable. Temasek has a mandate to trade in its assets and to invest offshore. Labour's proposal doesn't contemplate, he says, either of those things. He writes, the party remains wedded to an approach to public ownership that traps New Zealand in restricted choices about capital deployment, constrained returns, and a strategic straitjacket that says if the state already owns something, it should automatically continue to do so. The real concern here is that Labour is not worried about what informed commentators, like Pattrick Smellie, have to say about its policies. They don't care. Because they know that the vast majority of the voting public don't care. They're backing on people having short memories of its complete and utter ineptitude and failure to deliver on almost every metric the last time it was in government. All people know right now is that they're hurting. They're still hurting. This coalition government isn't setting them a fire. This coalition government promised a lot and really has yet to deliver. And I, you know, I know it's going to take time. But Labour is quite right to back on the fact that the vast majority of people just don't care. They won't read the detail. They won't even know that there is detail to look for. They won't even know that there is no detail. I think Pattrick Smellie put it brilliantly too. “The Labour proposal of the Future Fund suggests either that the party is economically illiterate or that its target audience is presumed to be”. Which is so true. The Future Fund criticises New Zealand Super Fund for only investing 11% of its assets in New Zealand. As Pattrick Smellie points out, the reason for that, and you know and I know, but the vast majority don't, is that the Super Fund's job is to fund pensions and get the best possible results from its investable capital, which means not overexposing itself to a small, vulnerable economy like New Zealand's. It is basic risk management. But no, this cornerstone of the next Labour government criticises the Super Fund for not investing all of the funds in New Zealand. It is really concerning if this is the best they can do. They know that everybody who cares has been waiting to hear what its policy is going to be so we can compare and contrast. The coalition government has not set us on fire -okay, let's see what Labour can do. Wow. That's it. That is simply not good enough, and it is quite frankly, for those of us who care, terrifying. 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.

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.

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.

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.

BusinessDesk's Pattrick Smellie is off on a European sabbatical- and he's hopeful an interest rate cut could come before his return. He outlined his predictions for the coming months here today. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A new report from the Climate Change Commission warned New Zealand will need to tackle methane emissions to keep up with 2050 climate goals. The report warned that the nation would have to reduce stock rates by 23 percent for dairy, and 12 percent for sheep and beef by the 2050 deadline. BusinessDesk managing editor Pattrick Smellie unpacked the political debate surrounding methane emissions. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The price of gold has soared to an all-time high- and some Kiwi companies are hoping to take advantage. Gold is currently trading at $2269 USD ($3817 NZD) an ounce. BusinessDesk managing editor Pattrick Smellie explains how companies like Santana can get ahead. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Shock and surprise throughout the country, as the public today learned Chinese spies hacked into Government systems back in 2021. The hack was revealed to have stolen a small amount of non-strategic information. BusinessDesk managing editor Pattrick Smellie explains the international implications of this announcement. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Property developers Du Val Group have found themselves in another patch of controversy. The company has reportedly taken hundreds of millions from investors- and have since tried to convince investors to turn their loans into shares.  BusinessDesk's Pattrick Smellie recaps the whole saga here. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Climate Change Commission has recommended reducing the number of carbon credits ahead of future auctions. After a full year of failed auctions, the Commission believes halving the number of credits to reduce oversupply is the right decision.  BusinessDesk managing editor Pattrick Smellie says fewer units will drive up the carbon price. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Immigration NZ have found themselves in hot water for failing to do enough risk analysis for migrant workers. A review of the Accredited Employer Work Visa Scheme has found the department had insufficient checks and balances for preventing migrant exploitation. BusinessDesk's Pattrick Smellie says this feedback could send the wrong signal for the future of immigration.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Infant formula maker A2 Milk has lifted its first-half net profit by 15.6 percent. That's despite a double-digit decline in China's infant formula market. BusinessDesk managing editor Pattrick Smellie explains this 'surprising' turnaround for the company. LISTEN ABOVESee omnystudio.com/listener for privacy information.

There are growing calls for Fletcher Building to make some leadership changes ahead of tomorrow's half-year result. The company has been placed in a trading halt, and it's been revealed Chief Executive Ross Taylor is 'considering his position'. BusinessDesk managing editor Pattrick Smellie says it's a complex situation- and it's unclear if removing Taylor will solve everything. LISTEN ABOVE See omnystudio.com/listener for privacy information.

One expert is predicting James Shaw's next career move following his departure from the Greens. Shaw announced he'll step back as party co-leader- but stay on in Parliament for the first reading of his Right to a Sustainable Environment Bill. BusinessDesk managing editor Pattrick Smellie suspects James Shaw could eventually replace Rod Carr as Climate Change Commission chair. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Australian-owned company Santana Minerals has informed investors swathes of gold may be hidden under farmland in Central Otago. The 'Rise and Shine' site had been marked in a recent report as  “the most significant single gold discovery in New Zealand in four decades”. The site has an estimated value of $325 million a year and could yield between 100,000 to 150,000 ounces of gold per year. BusinessDesk managing editor Pattrick Smellie explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's the likely good and bad in the year ahead. Hosted by Frances Cook. New year, new us, new money problems. After a 2023 where we battled falling house prices, rising interest rates, and eye wateringly expensive cost of living… what's next? I rallied the troops to help us peer into the crystal ball and predict the good, bad, and in between that could be heading our way for 2024. For the latest podcast I talked to Pattrick Smellie, editor at BusinessDesk, and Liam Dann, business editor-at-large for the New Zealand Herald. If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here, and Twitter here.See omnystudio.com/listener for privacy information.

More local councils appear to be drawn towards attempting asset sales. The Bay of Plenty Regional Council has begun the process of selling a chunk of its majority share in the Port of Tauranga.  Auckland, Christchurch and Wellington are also investigating potential asset sales. BusinessDesk managing editor Pattrick Smellie explains the benefits and drawbacks of this process. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A date has been set for disgraced businessman Eric Watson's bankruptcy case to be called. The liquidators of Watson's company, Cullen Investments, have chased him for roughly $57.4 million, plus interest. Auckland's High Court confirmed that the bankruptcy proceeding will be called on February 1, 2024. BusinessDesk managing editor Pattrick Smellie says Watson's been staving off problems for over a decade. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Online auction site TradeMe posted a $4.7 million net profit after tax for the year to June, turning around earlier losses. Experts believe the return to profit came from the site raising their prices- especially in its property arm. BusinessDesk managing editor Pattrick Smellie explains how this increased net profit impacts TradeMe's overall earnings. LISTEN ABOVESee omnystudio.com/listener for privacy information.

One expert has issued words of caution for anyone expecting the incoming Government will be easier on businesses. BusinessDesk's Pattrick Smellie says it shouldn't be a given that the National-ACT-NZ First coalition will take all the pressure of the business sector- and cited their history of policies and statements. Smellie explained that the banks, supermarkets, fuel companies will likely experience discomfort as the incoming Government addresses the cost of living crisis. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Time is running out for National's proposed pre-Christmas mini-budget. Prime Minister-elect Chris Luxon and his new Finance Minister Nicola Willis promised to create a scaled-down budget by the end of 2023 back in September. ANZ's latest economic outlook has cast doubt on whether the incoming Government can deliver on this promise. BusinessDesk managing editor Pattrick Smellie explains the roadblocks National will need to take into account while crafting a mini-budget in this timeframe. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The recent collapse of two high-profile Kiwi startups has raised questions about an incoming downturn for businesses and employment. Online grocery retailer Supie was placed into voluntary administration and craft brewer Deep Creek Brewing went into liquidation today. BusinessDesk managing editor Pattrick Smellie says increased interest rates, stubborn inflation and weak consumer confidence could lead to closures becoming more common. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Two warnings from international credit ratings agencies have sparked concern amongst economists. S&P Global Ratings expressed concern with National's proposed Three Waters policy, as it could negatively impact the debt ceilings for local councils. Fitch Ratings predicted that the new National-led Government couldn't live up to their promise of producing a budget surplus in 2027. BusinessDesk managing editor Pattrick Smellie explained the impact of these warning signals. LISTEN ABOVE    See omnystudio.com/listener for privacy information.

Christopher Luxon has been batting off questions about National's ongoing coalition discussions. The incoming Prime Minister has confirmed he'll remain tight-lipped as National negotiates with ACT and NZ First as the special votes are still tallied. BusinessDesk managing editor Pattrick Smellie says Luxon's trying to establish a style of leadership where his team gets things done- as opposed to discussing plans. LISTEN ABOVESee omnystudio.com/listener for privacy information.

National's Chris Luxon has promised to double the value of exports in 10 years, if elected. The party also vowed to pursue Free Trade Agreements, pump up our trade missions, and prioritise increasing trade with India. BusinessDesk managing editor Pattrick Smellie isn't too confident about National's proposal. "The fact is, New Zealand's export performance unfortunately hasn't changed very much in the last 30 to 40 years- we're still sending about 20 percent of our stuff offshore." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Until Monday, no-one knew the name of the reclusive Pennsylvanian millionaire regularly visiting Hawke's Bay. Sean Colgan found himself in the spotlight after it was revealed he'd been lending his private plane to ACT's David Seymour. BusinessDesk managing editor Pattrick Smellie's been digging into his background- and earlier investments during the Covid-19 pandemic. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Air New Zealand is still figuring out how to deal with a shortage of planes after losing some of its fleet. The airline recently had to ground several planes, citing engine issues. BusinessDesk managing editor Pattrick Smellie says Air New Zealand will have to struggle through the aircraft shortage for the next 6 to 8 months- and this may impact services. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour and National are facing scrutiny as they promote their respective tax policies ahead of the election. Both parties will also have the additional challenge of getting New Zealand back to budget surplus by 2027. BusinessDesk managing editor Pattrick Smellie explains why both parties should release a pre-Christmas budget ahead of the election. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Experts are warning of a potential power shortage risk ahead of winter 2024. The closure of one of Contact Energy's 100 megawatt peaking plants after a turbine blade broke and caused extensive internal damage to the machine has sparked concerns for future power supply. BusinessDesk managing editor Pattrick Smellie explains the extent of the damage- and why the plant won't be up and running until 2025. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Air NZ CEO Greg Foran talks to Business Desk editor Pattrick Smellie about the year ahead, including why the airline isn't giving forward guidance.  This quick bite is from our episode 'Back in black for Air NZ'  For more or to watch this episode—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 fiery start to the campaign season, as political leaders addressed prospective voters at a BusinessNZ-hosted conference. Luxon assured business leaders he would treat them 'like adults' as he criticised Labour's ongoing relationship with the sector. Hipkins, speaking after Luxon, defended the Government's choppy economic record and claimed Labour's 'economic fundamentals were in good shape.' ACT's David Seymour took shots at Julie-Anne Genter from the Greens, saying he wouldn't even trust her to handle Venezuela's economy. BusinessDesk managing editor Pattrick Smellie recapped the mood of the event. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Heartland Group CEO Jeff Greenslade speaks with Pattrick Smellie, Managing Editor of BusinessDesk, about what the company has been up to since becoming the first NZ registered bank to list on the NZX.  The conversation covers the reason Heartland can offer such competitive rates, how the company is carving out its niche in NZ and Australia, and why its share price has been on a downward trend since the start of 2022.  For more or to watch on youtube—check out http://linktr.ee/sharedlunch A conversation with experts, CEOs, and you. We talk to company leaders and industry experts every week. Listen or watch over lunch or whenever you want to snack on what's happening in the economy, the markets, and the companies you invest in. 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. Shared Lunch is for a New Zealand audience.

Our number one trading partner, China, is open for business post Covid. But as geopolitical tensions play out, what does this mean for listed companies doing business there and the NZ economy? We talk to China expert David Skilling who warns that while there are still huge opportunities, navigating the complexities will be tricky to navigate. Hosted by Pattrick Smellie, Managing Editor of BusinessDesk. You can subscribe to David's Substack:  https://davidskilling.substack.com/ Where he writes on global economics, geopolitics, and economic policy from a small economy perspective. For more or to watch this episode on youtube - check out http://linktr.ee/sharedlunch A conversation with experts, CEOs, and you. We talk to company leaders and an industry experts every week. Listen or watch over lunch or whenever you want to snack on what's happening in the economy, the markets, and the companies you invest in 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. Shared Lunch is for a New Zealand audience.

The RBNZ monetary policy statement is due next week, Pattrick discusses whether another 25 basis points rise is on the cards? Or more? He says much seems to rest on whether the fragility in US and European banks eases. Pattrick Smellie is the editor and co-founder of BusinessDesk and has reported on the New Zealand economy and business since 1983.

Business commentator Pattrick Smellie joins Kathryn to examine yesterday's announcement that main benefits, including pensions and student allowances will be increased by 7.22 per cent to keep up with inflation - what will the effect be on wages? He'll also look at the government's less sure-footed Industry Transformation Plans and the odd timing of Beef and Lamb NZ's campaign against carbon farming of forests.

editor and co-founder of BusinessDesk Pattrick Smellie talks to Kathryn about what he describes as the smoke, mirrors and delay of National's three waters policy. Also Trade Window's big fail in an attempt to raise $20million, and what lies ahead for the Kiwi start-up. Could it be a takeover target?

Pattrick talks to Kathryn about the issue of managed retreat, there are big chunks of NZ where people are living or running businesses that will gradually either become uninsurable or very expensive to insure.

As Auckland's flooding has further exposed the city's infrastructure issues, Pattrick talks to Kathryn about how to fund and how much to fund stormwater infrastructure. Also, the Parliamentary Commissioner for the Environment, Simon Upton, has written to Energy Minister, Megan Woods warning that the Government's energy strategy timetable is far too slow. And Pattrick discusses an aspect of the national CO2 shortage that has had very little attention. Pattrick Smellie is the editor and co-founder of BusinessDesk and has reported on the New Zealand economy and business since 1983

Much has been said about the headwinds we face in 2023. And now we're here! So what do retail investors need to know about the economy and the political and business environment? Join us for this special podcast episode where we talk to ANZ Chief Economist Sharon Zollner, esteemed business journalist Pattrick Smellie and Sharesies 3EO Leighton Roberts about everything from interest rates and housing prices, to resilience prevailing. For more or to watch this episode - check out http://linktr.ee/sharedlunch Shared Lunch is a conversation with experts, CEOs, and you. Each week we alternate between an interview with a company leader and an industry deep dive. Episodes are hosted by BusinessDesk journalists including Frances Cook and Dan Brunskill. 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. Shared Lunch is for a New Zealand audience.

Pattrick discusses what will happen if inflation starts coming down, will equities markets rebound?. Also, how far could house prices fall?. He also looks ahead to next winter's electricity supply. He says there are signs that it will be tricky, but not for the same reasons as in the past, with the dynamics of the electricity market changing very quickly.

Pattrick give his takes on the government's plan to legislate to make Google, Facebook and others pay for news. Also, why Auckland Council is looking to sell its stake in Auckland International Airport and is Christchurch likely to follow suit ? Pattrick Smellie is the editor and co-founder of BusinessDesk and has reported on the New Zealand economy and business since 1983.

Pattrick Smellie is the editor and co-founder of BusinessDesk and has reported on the New Zealand economy and business since 1983.

Business correspondent Pattrick Smellie joins Kathryn to talk about the big 'r' - recession. Pattrick also counters the narrative that "New Zealand has lose 50-thousand jobs to get inflation under control" and argues that an independent inquiry needed into the Manaaki/We Are Indigo saga. 

The age of free trade agreements is over - could this be a blessing in disguise for NZ producers? And could Auckland Mayor, Wayne Brown inadvertently stiffen the government's spine on 3 waters.