Andrew Callaghan

speaker

2,527 appearances 8 recordings 6 series first heard Apr 2024 last heard 22 Jun

Andrew Callaghan’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 3.

Appearances

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The Mike Hosking Breakfast · Full Show Podcast: 09 June 2026 · 8 Jun 2026 podcast

But, and here's the very significant but,

They said the Middle East conflict knocked it on the head.

So a return of the headwinds put sectors like construction, obviously their point of interest, back under pressure.

So the company now expects trading conditions to remain, and here's a new word, Heather, variable.

I quite like the word variable.

That's right through the remainder of 2026.

Middle East uncertainty to blame, along with things like the US tariffs.

And also, here's the kind of killer blow, actually, that I don't like to hear about.

Also, the lead up to New Zealand's general election, because that creates uncertainty and people don't want to commit to big project.

But Heather, that's November 2020.

So the market was sort of, I think, quietly agreeable to the announcement in terms of the bank arrangement.

Share price didn't really move.

But, Heather, I think that conversation is going on in boardrooms and the corridors of power all over the place in New Zealand businesses.

Jeez, it kicked off, didn't it?

It kicked off Friday night.

So you saw that further sign of resilience in the US economy, super strong payrolls number, fears of interest rate increases, and a bit of a recall as well from the crisis.

crazy strength that we've seen recently in things like semiconductor companies and chip companies since the end of March.

So the NASDAQ got smacked over 4%.

So the market had the weekend to regroup.

They sat and they thought about it.

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