NZ Herald

💰 #InsideEconomics with Liam Dann. - All that glitters - Forecast frenzy - the one bright spot in a sea of downgrades - One bright spot - PMI and PSI - Unemployment versus Jobseeker Every week, Liam answers reader questions about the economic forces shaping our world, as well as taking a deeper dive into some of the left-field economic news you may have missed — so make sure to get involved in the comments. This is usually a subscriber-only newsletter, available only to those with a Herald Premium account — but thanks to our partners at LinkedIn News Australia we'll give you a bit more of a look under the hood.

Investors are being reminded “this too shall pass” as political and economic uncertainty continues to rattle US share markets. The S&P500 is down about 10% from its highs earlier this year, and some KiwiSaver fund mangers are reporting an increase in investors opting to switch funds as they see the impact on their balances. But portfolio manager at Milford Asset Management, Mark Riggall, told Nadine Higgins on The Prosperity Project, the Herald’s personal finance podcast, investors should be more focussed on their investment timeframe. Listen to the full episode of The Prosperity Project for more about the state of the stock market here🔗 https://lnkd.in/grzHHDKA

Herald Premium | Jess White, co-founder of Cozy Crops, talks to Tom Raynel about her transition from sheep milk to wool waste, and how wool can be used throughout your garden. 🔗 https://lnkd.in/g-PC_rzs

Herald Premium | If you were to list the most influential and respected advertising companies in the 20th century, it would undoubtedly feature: Saatchi & Saatchi, TBWA\New Zealand and BBHNZ Ltd. So what do all these businesses have in common beyond operating in the same industry? Sir John Hegarty. Working behind the scenes, Hegarty was integral in bringing to life iconic ad campaigns that are still studied for their brilliance today. Levi’s laundrette, Johnnie Walker’s “Keep Walking”, Xbox’s “Champagne” and Audi’s “Vorsprung durch Technik” are just some of the ads featuring the careful, creative eye of Hegarty. Now in his 80s, Hegarty’s mind is still as sharp as it’s always been. His still-luscious head of grey hair bounces as he offers animated views on young creatives, advertising, artists and God. “I wouldn’t join an advertising company today,” he says when asked what he would do if he was entering the workforce in 2025. “If I was coming out of design school in the 2020s, what I would try to do is build a following and leverage that following to create a channel within which I could communicate and which I could leverage to work with other people. “In other words, I would take control of my creative career.” Hegarty believes independence offers the best route for today’s most creative people to stand out and capitalise, both commercially and creatively, on their core skills. “Brands have become lazy,” says Hegarty. “They think they can just rely on the data now, instead of creating something that can inspire people to come to them. That’s why I came into the industry: to inspire people. And that’s what we did. We developed creative work that gained attention. Today, too many think they can just use the algorithm and data to do it.” 🔗 https://lnkd.in/gBAeRP4p

Herald Premium | ListAssist, an Auckland start-up whose AI tool allows natural language queries of home-listing sites, has sold to Inside Real Estate, a Utah-based firm whose software tools are used by 400,000 agents. “We’ve been a very scrappy four-person team from New Zealand that’s fought incredibly hard and there are no plans to take our foot off the gas, but now we’ll have a little more resource to bring this stuff to market,” ListAssist founder said in a video message to Inside Real Estate clients. “I’m excited to dump some fuel on the fire,” Inside Real Estate chief executive Joe Skousen said in the same clip. Chris Keall reports. Chris McGoldrick | Brittany Bastings | Ben van Noorden | Michael Challis 🔗 https://lnkd.in/gQXfp3QA

GEELY Auto is launching in New Zealand with the keenly-priced EX5, a fully-electric SUV that will sell from $51,990 plus on-roads – a price that seemed to draw an immediate response from one of its key competitors. The Chinese automaker had its official Australasian launch on Tuesday night in Sydney with its EX5 price reveal. The firm has established a direct presence across the Tasman. Giltrap Group will be the New Zealand distributor. Chris Keall reports. 🔗 https://lnkd.in/gB9YMUzK

An innovative idea for transforming mechanically deboned meat into a meat flake for seasoning has taken top honours in the Meat Industry Association of New Zealand’s first-ever Dragon’s Den competition. Renyu Zhang, a senior scientist with AgResearch, has been named the winner of the inaugural contest, which challenged Kiwis to develop ground-breaking ideas to advance New Zealand’s red meat processing industry. Zhang’s “umamification” plan for mechanically deboned meat outlined a novel process to transform the lower-value product into a meat flake with high umami (savoury flavour), which would be stable at room temperature and have uses as a protein enhancer and snack food. A total of 42 entries were received, with Zhang beating four other finalists to secure a prize of up to $10,000 to develop a business case and progress the idea into a research project. Sirma Karapeeva, chief executive of the Meat Industry Association, said the high calibre of entries made selecting the five finalists and ultimately the winner challenging. While all the finalists deserved credit, Karapeeva said Zhang’s idea stood out both for the innovative process proposed and the likelihood of global industry interest in such a product. 🔗 https://lnkd.in/gEuVdCSM

Herald Premium | For Beca chief executive Amelia Linzey, the statement feature wood stairs between floors of her new office are her biggest delight. “This was the thing that was more exciting when it was finished,” she explains, pointing to the light-coloured pine mass timber structure that required clever engineering by Beca itself. Linzey and Precinct Properties chief executive Scott Pritchard took the Herald on a tour of Beca’s new $300 million world headquarters, Te Paeroa o te Kawau (the shoreline of the kawau). Anne Gibson reports. Take a walk through here 🔗 https://lnkd.in/gnQtDZqt

Herald Premium | Briscoe Group managing director rod duke thinks the Government needs to “get their a** into gear” and “actually do something” to help the economy. His comments come after the retailer announced its full-year result with flat revenue compared to its prior financial year. The group’s total revenue decreased by 0.06% to $791.5 million, down from $791.9m in FY23. Duke said that making nearly identical sales in the current economy was a terrific achievement. Tom Raynel reports. 🔗 https://lnkd.in/gb5ktWqS

New Zealand’s leading multimedia company New Zealand Media & Entertainment (NZME) has extended its association with the One New Zealand Warriors taking its partnership to 32 years. The deal locks NZME in as the Warriors’ exclusive entertainment and news audio partner as well as the club’s exclusive lifestyle, print and digital media partner. It ensures NZME, publisher of the Herald, will continue to keep the Warriors and their fans in touch with a potential audience of almost 1.3 million Aucklanders aged 15 years and over plus even more around the country. “We’re thrilled to extend our long-standing commitment to the One New Zealand Warriors,” said NZME CEO Michael Boggs. “It’s more than a partnership to us at NZME — it’s a friendship we really value. As the country’s largest multi-media company we are proud to reach nine in every 10 Kiwis keeping them in the know on news, sport and entertainment. We’re pleased to once again partner with the One New Zealand Warriors to help deliver news and entertainment to the large audiences who engage with their fantastic brand and club.” Through its agreement, NZME brings its audiences closer to the action using the breadth of the media company’s print, digital and audio platforms, including the New Zealand Herald, Flava and The Alternative Commentary Collective. “Across every year of our existence, we’ve had NZME alongside us bringing the team and club to the people,” said One New Zealand Warriors CEO Cameron George. 🔗 https://lnkd.in/gnUN2FSz