Devon Funds Head of Retail Greg Smith speaks to Mike Hosking about a better-than-expected sales update from The Warehouse, which highlighted the wider spending shifts in the NZ economy. He also discusses a turnaround in annual net migration, with gains driven by arrivals of non-NZ citizens, with kiwis leaving at the highest rate since 2013. Elsewhere, with a “remerger” now off the table, he looks at the contrasting results between Newscorp and Fox.

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