Podcasts about pattrick smellie

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Best podcasts about pattrick smellie

Latest podcast episodes about pattrick smellie

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the Government signing off on new rules for foreign investors

Heather du Plessis-Allan Drive

Play Episode Listen Later Feb 12, 2025 5:05 Transcription Available


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.

Best of Business
Pattrick Smellie: BusinessDesk managing editor on the Government signing off on new rules for foreign investors

Best of Business

Play Episode Listen Later Feb 12, 2025 5:14 Transcription Available


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.

Shared Lunch
Quick Bite: Bonds vs. equities–investing in an uncertain market

Shared Lunch

Play Episode Listen Later Feb 2, 2025 3:19 Transcription Available


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.

Shared Lunch
2025: What investors need to know

Shared Lunch

Play Episode Listen Later Jan 29, 2025 35:51 Transcription Available


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.

Heather du Plessis-Allan Drive
Perspective with Heather du Plessis-Allan: We're justified in feeling gloomy about the state of NZ

Heather du Plessis-Allan Drive

Play Episode Listen Later Sep 10, 2024 2:40


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.

Heather du Plessis-Allan Drive
The Huddle: Should the Government have saved the Ruapehu mills?

Heather du Plessis-Allan Drive

Play Episode Listen Later Sep 10, 2024 11:00


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.

Best of Business
Perspective with Heather du Plessis-Allan: We're justified in feeling gloomy about the state of NZ

Best of Business

Play Episode Listen Later Sep 10, 2024 2:49


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.

Shared Lunch
Quick Bite: James Shaw on the 'eye-popping' numbers going into climate capital

Shared Lunch

Play Episode Listen Later Apr 29, 2024 2:52


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the possibility of interest rate cuts before September

Heather du Plessis-Allan Drive

Play Episode Listen Later Apr 16, 2024 3:53


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the political debate surrounding methane emissions

Heather du Plessis-Allan Drive

Play Episode Listen Later Apr 9, 2024 4:39


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the price of gold soaring to an all-time high

Heather du Plessis-Allan Drive

Play Episode Listen Later Apr 2, 2024 4:23


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the fallout from the Chinese-led Parliamentary hack

Heather du Plessis-Allan Drive

Play Episode Listen Later Mar 26, 2024 4:26


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the ongoing saga of Du Val Group's legal shenanigans

Heather du Plessis-Allan Drive

Play Episode Listen Later Mar 19, 2024 3:21


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the Climate Change Commission's recommendations for future carbon auctions

Heather du Plessis-Allan Drive

Play Episode Listen Later Mar 12, 2024 4:15


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Immigration NZ failing to complete risk assessments for migrant workers

Heather du Plessis-Allan Drive

Play Episode Listen Later Feb 27, 2024 4:56


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on A2's improved profit and sales in China

Heather du Plessis-Allan Drive

Play Episode Listen Later Feb 20, 2024 3:04


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Fletcher Building CEO Ross Taylor's uncertain future with the company

Heather du Plessis-Allan Drive

Play Episode Listen Later Feb 13, 2024 4:46


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor predicts James Shaw could take over the Climate Change Commission

Heather du Plessis-Allan Drive

Play Episode Listen Later Jan 30, 2024 3:05


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Australian company Santana Minerals revealing significant gold discovery in Otago

Heather du Plessis-Allan Drive

Play Episode Listen Later Jan 23, 2024 2:47


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.

Cooking the Books with Frances Cook
How to watch your pennies in 2024

Cooking the Books with Frances Cook

Play Episode Listen Later Dec 31, 2023 30:09


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the increasing number of local councils looking into asset sales

Heather du Plessis-Allan Drive

Play Episode Listen Later Dec 12, 2023 4:00


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the date for Eric Watson's bankruptcy case being called

Heather du Plessis-Allan Drive

Play Episode Listen Later Nov 28, 2023 3:12


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on TradeMe posting an increased net profit for the year to June

Heather du Plessis-Allan Drive

Play Episode Listen Later Nov 21, 2023 4:18


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor issues words of warning for people hoping National will be better for businesses

Heather du Plessis-Allan Drive

Play Episode Listen Later Nov 14, 2023 4:30


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on National's proposed pre-Christmas mini-budget

Heather du Plessis-Allan Drive

Play Episode Listen Later Nov 7, 2023 4:38


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor addresses the possibility that more businesses may collapse in the coming years

Heather du Plessis-Allan Drive

Play Episode Listen Later Oct 31, 2023 4:54


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor addresses warnings from international credit ratings agencies

Heather du Plessis-Allan Drive

Play Episode Listen Later Oct 24, 2023 3:44


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Chris Luxon's refusal to explain ongoing coalition discussions

Heather du Plessis-Allan Drive

Play Episode Listen Later Oct 17, 2023 6:18


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on National's plan to double New Zealand's exports in 10 years

Heather du Plessis-Allan Drive

Play Episode Listen Later Oct 10, 2023 2:53


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor examines Sean Colgan, the man who lent a private plane to David Seymour

Heather du Plessis-Allan Drive

Play Episode Listen Later Oct 3, 2023 5:18


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Air New Zealand struggling with ongoing plane shortage

Heather du Plessis-Allan Drive

Play Episode Listen Later Sep 26, 2023 4:21


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor asks whether political parties should be made to release a pre-Christmas budget

Heather du Plessis-Allan Drive

Play Episode Listen Later Sep 19, 2023 5:18


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the warning of a power shortage in winter 2024

Heather du Plessis-Allan Drive

Play Episode Listen Later Sep 12, 2023 5:27


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.

Shared Lunch
Quick Bite: What are the biggest issues facing Air NZ this year?

Shared Lunch

Play Episode Listen Later Sep 6, 2023 5:14


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor recaps pre-election BusinessNZ conference

Heather du Plessis-Allan Drive

Play Episode Listen Later Sep 5, 2023 4:42


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.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on the International Monetary Fund's suggestions for the Government in new report

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 29, 2023 3:39


The economy faces another year of tepid growth- and the recession could drag on if Government spending isn't reined in, according to the IMF. In their latest report, they recommended the Government stop funding cost-of-living handouts, press ahead with fair pay agreements and prioritise climate change-focused infrastructure spending. BusinessDesk managing editor Pattrick Smellie says targeted, means-tested spending presents a huge challenge for the Government in an election year. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Villa Maria owner Indevin shutting down Māngere operations

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 22, 2023 3:56


Villa Maria's Māngere operations will start shutting down this October and will affect a total of 14 roles, owner Indevin announced today. Indevin Group, who acquired Villa Maria in 2021, said the decision follows a three-month review into its Māngere operations after the company announced it will move half of Villa Maria's bottling to the UK next February. The Māngere plant will start decommissioning in October and is expected to continue until next April, the company announced. BusinessDesk managing editor, Pattrick Smellie, joined Heather du Plessis-Allan to discuss the move. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on BlackRock launching a $2 billon dollar fund to support renewable energy in NZ

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 8, 2023 4:08


The Government and BlackRock have joined forces to create a climate infrastructure fund to support 100 percent renewable electricity generation. The fund is designed to provide access to greater pools of capital for New Zealand, create jobs, and accelerate green energy options, including solar, wind, and hydrogen. BusinessDesk managing editor Pattrick Smellie says BlackRock are essentially offering the nation a broking service where all sides will get good PR. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on Grant Robertson refusing to explain whether GST would come off fruit and vegetables

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 1, 2023 4:34


Finance Minister Grant Robertson remains under pressure, as he bats off questions about Labour's tax policy. Robertson is still refusing to confirm whether Labour will remove the GST from fruit and vegetables, amid allegations from National. BusinessDesk managing editor Pattrick Smellie says Labour's been caught flat-footed, as Robertson would have said so directly if the party weren't considering this policy. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor on ACT co-founder Roger Douglas turning his back on the party

Heather du Plessis-Allan Drive

Play Episode Listen Later Jul 18, 2023 4:37


ACT co-founder Roger Douglas has turned his back on his former party, claiming they “represent only the wealthy”. Douglas voiced opposition for ACT's reluctance to end 'bracket creep'- which increases tax paid by average wage and salary earners because doing so would require higher taxes on wealthier people. BusinessDesk managing editor Pattrick Smellie says Roger Douglas had a clear libertarian view for ACT, and recent policies go against that vision. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Heather du Plessis-Allan Drive
Pattrick Smellie: BusinessDesk managing editor predicts the OCR will stay at 5.5 percent

Heather du Plessis-Allan Drive

Play Episode Listen Later Jul 11, 2023 3:56


The RBNZ is expected to leave the OCR untouched at 5.5 percent on Wednesday. The last time the Reserve Bank didn't raise the OCR at a formal review point was in August 2021. BusinessDesk managing editor Pattrick Smellie says one NZIER expert predicted an increase, but he'd be surprised if went up. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Shared Lunch
A small bank in a big bank world with Heartland Group

Shared Lunch

Play Episode Listen Later May 31, 2023 36:35


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.

Shared Lunch
Walking the tightrope with China

Shared Lunch

Play Episode Listen Later Apr 12, 2023 35:35


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.

RNZ: Nine To Noon
Business commentator Pattrick Smellie

RNZ: Nine To Noon

Play Episode Listen Later Mar 27, 2023 23:20


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.

RNZ: Nine To Noon
Business: Could the cost-of-living boost be inflationary?

RNZ: Nine To Noon

Play Episode Listen Later Mar 13, 2023 22:58


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.

RNZ: Nine To Noon
Business commentator Pattrick Smellie

RNZ: Nine To Noon

Play Episode Listen Later Feb 27, 2023 23:41


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?

RNZ: Nine To Noon
Business commentator Pattrick Smellie

RNZ: Nine To Noon

Play Episode Listen Later Feb 13, 2023 13:04


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.

business nz commentators pattrick smellie
RNZ: Nine To Noon
Business commentator Pattrick Smellie

RNZ: Nine To Noon

Play Episode Listen Later Jan 30, 2023 16:13


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

RNZ: Nine To Noon
Business commentator Pattrick Smellie

RNZ: Nine To Noon

Play Episode Listen Later Dec 19, 2022 24:40


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.

RNZ: Nine To Noon
Business commentator Pattrick Smellie

RNZ: Nine To Noon

Play Episode Listen Later Dec 5, 2022 17:26


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.