A shareholder vote to approve a takeover bid for Comvita has not gathered enough votes to proceed. The bid from Florence to buy Comvita at 80 cents a share required 75% support from shareholders to go through. Although the official vote count has not been released, we know that the numbers fall short of the margin. Octagon Chief Investment Officer Paul Robertshawe told Heather duPlessis-Allan that anything is possible going forward, however it’s unlikely that Florence will raise their offer. LISTEN ABOVESee omnystudio.com/listener for privacy information.
--------
3:53
--------
3:53
Sam Dickie: Fisher Funds expert on the case for investing in gold in 2025
The price of gold continues to hit new highs, and speculators are wondering whether they should invest. Gold has seen the strongest year since the 1970s, largely thanks to volatile markets and economic uncertainty. Fisher Funds expert Sam Dickie explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.
--------
3:34
--------
3:34
Kent Duston: Banking Reform Coalition spokesperson on the state of the Government's banking inquiry
The Government says it will act on all 19 recommendations from Parliament’s banking inquiry - and it's committed to increasing scrutiny around the banking sector. This comes as Westpac and ANZ report significant increases in profit, prompting concern from experts. Kent Duston from the Banking Reform Coalition says the proposed changes make good steps forward, but it's unclear how much of a difference they will make. "I think the big issue here is that the banks simply don't care. Whatever Parliament says - we're on the back of an inquiry from the Commerce Commission, another inquiry from Parliament from the select committee...whatever it is Parliament's saying, clearly the banks aren't listening." LISTEN ABOVESee omnystudio.com/listener for privacy information.
--------
5:12
--------
5:12
Max Rashbrooke: IDEA Institute founding trustee explains the benefits of KiwiSaver for kids
One NZ-based think tank is floating the idea of KiwiSaver schemes for kids, claiming it could set them up with $10,000-$20,000 in savings by the time they reach adulthood. The Institute for Democratic and Economic Analysis has put out a report proposing different models, including a kickstart Government payment and matching parental contributions. Max Rashbrooke, co-founder of the Institute for Democratic and Economic Engagement Analysis, says it could make a significant difference. "Obviously, the Government's moving to make financial literacy a compulsory part of the curriculum, we think that's an excellent idea - but how much more meaningful would that financial literacy education be in high school classes if every child in that class knows they've got a KiwiSaver account that's accumulating?" LISTEN ABOVESee omnystudio.com/listener for privacy information.
--------
4:45
--------
4:45
Gavin Grey: UK correspondent on Andrew Mountbatten-Windsor closing down his final business interests
Andrew Mountbatten-Windsor is closing down some of his last remaining known business interests, including Pitch@Palace Global Ltd. Pitch@Palace was a start-up project where aspiring entrepreneurs could present their ideas to potential investors - and was once seen as a possible income source for Andrew after the King stopped supporting him financially. UK correspondent Gavin Grey says it's a final nail in the coffin of the disgraced former prince. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.
New Zealand