NZ Herald Business

The latest business news, views and analysis

[Jenée Tibshraeny @JeneeTibshraeny]

I did some number crunching on the public sector (incl contractor spend) and concluded:

- the public service, not sector as a whole, has grown larger than average relative to the workforce

- a nuanced approach is needed to right-size things

Analysis:
https://t.co/mBfjabHhnG

[Matt Nippert @MattNippert]

The collapse of the Weta-Unity left even some at Weta scratching their heads: “It’s like Unity gave [Sir] Peter a billion dollars, then walked away.” https://t.co/ehH1uDcSPu

[Madison Malone @maddireidy]

.@X doesn't allow you to upload video thumbnails but dropping it here because my editor is talented

[Madison Malone @maddireidy]

How a medicinal cannabis company choked👇

Cannasouth ($CBD) wanted to be the largest local supplier of medicinal cannabis. Now, it's in voluntary administration.

Its ex-CEO explains how its high hopes went up in smoke.

Full episode:
00:00 - Intro
00:54 - Medicinal cannabis market
02:44 - Interview with ex-CEO Mark Lucas
03:19 - Cash constraints
05:51 - Can it continue?
08:06 - Revenue ramp
09:43 - Regulation
13:38 - Prescriber resistance
14:36 - Demand
19:05 - IPO hype?
20:20 - Stigma
21:21 - "I am very frustrated"
23:41 - Outro

[John-Daniel Trask @traskjd]

Great write up on recent NZX entrant, “Being AI”.

I find myself agreeing with “analyst” here, they’re absolutely right to call this out. The public benefits from this type of analysis and reporting - there’s already so little of NZX businesses. 🙏

Consider your kiwisaver and even if you don’t usually read business articles, you’ll enjoy this one👇

[Chris Keall @ChrisKeall]

Christchurch firm ArcActive raising $70m for new home battery system - which will sell for less than half the price of Tesla’s Powerwall https://t.co/0oN97EmjI4

[Madison Malone @maddireidy]

100 episodes today. 1.4 million views.

Appreciate all of you who watch!

Had a chat to Duncan Grieve @TheSpinoffTV about how I started the show for the @nzherald and all the effort that goes into it.

Constant curiosity & improvement are key.

https://t.co/edtFd8kkA7

[Madison Malone @maddireidy]

How Australia & NZ bank profits compare 👇

The new CEO of @NAB Andrew Irvine says he plans to spend more of his time here and wants to grow NZ earnings.

But @BNZ CEO Dan Huggins says that won't be easy. He expects arrears "will get worse".

The first interview with the two of them together.

00:00 - Intro
01:11 - Bank profits
02:53 - Interview with NAB & BNZ CEOs
03:53 - Net interest margins (aka. profits)
06:00 - Competitive threats (@KiwibankNZ)
07:22 - Aus v. NZ economy
09:43 - Inflation
10:34 - Recession
12:42 - Data v. reality
14:03 - Arrears "will get worse"
17:04 - Aus-NZ trade
18:29 - Scam epidemic
21:16 - The NAB BNZ relationship
22:38 - Andrew Irvine's new era
24:34 - Outro (100 episodes)

[Chris Keall @ChrisKeall]

That Auckland-Tauranga roundtrip in your Telsa? The cost will jump from $26 charging to $58 once you factor in $32 in road user charges.

Here's a calculator: https://t.co/iXyjW5SNnv

[Chris Keall @ChrisKeall]

Kiwi’s AI start-up, offering a new way of AI training, raises $32 million
#AI #opensource https://t.co/VIXE8St8H6

[Madison Malone @maddireidy]

. @RocketLab update - profit downgrade and capital raise + more details on US military contract.

https://t.co/jw4UmRZiZP

[Madison Malone @maddireidy]

2023 was wild. My show kicks off again this Friday. Let's go 2024🚀

New episodes drop on the @nzherald every Monday & Friday morning.

All ideas welcome: [email protected]

Sponsored by @CMCMarketsAusNZ

[Chris Keall @ChrisKeall]

Just arrived at NZME Towers: Samsung's Galaxy S24 Ultra 
#s24ultra #unboxing

[NZ Herald Business @nzheraldbiz]

Herne Bay neighbour’s objection to pool, boatshed, tree works hits High Court #Premium https://t.co/caNI3IGXVV

[NZ Herald Business @nzheraldbiz]

Power play: Auckland Airport joins advisory board of Swedish electric plane maker #Premium https://t.co/BxbRKW5W2H

[Chris Keall @ChrisKeall]

‘Unauthorised’: NZ authors’ books used to train big tech AI https://t.co/IG9iN15DCp

[Chris Keall @ChrisKeall]

MBIE staff still banned from ChatGPT - but other govt departments more AI-friendly

In the absence of any AI legislation, NZ Govt agencies have taken at least three different approaches to staff using generative AI

https://t.co/x3uzW5lp2R

[NZ Herald Business @nzheraldbiz]

Reserve Bank takes out big foreign exchange insurance policy #Premium https://t.co/9Szcyr1e5C

[Chris Keall @ChrisKeall]

Survey finds a $129m "bleed"

West Auckland liquor wars: Action Group battles The Trusts’ $40m plans to expand https://t.co/NQVa6UdqGK

[NZ Herald Business @nzheraldbiz]

Property Insider: Waiwera tower went with a whimper; wholesale fund repayments looming; Foodstuffs’ merger #Premium https://t.co/rvj9x3962l