'My worst nightmare' – Fletcher leader on crash that killed three workers on State Highway 2 near Matatā

The chief executive of a company which lost three workers in a horrific crash on Tuesday has described the incident as his "worst nightmare".Rotorua's Haki Hiha, David Eparaima and Dudley Soul Raroa were working for Higgins when... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Martha Stewart joins Canadian pot firm Canopy

Lifestyle guru Martha Stewart is teaming up with the world's largest cannabis company, taking on an advisory role at Canopy Growth Corp. to help develop a "broad new line" of products for both humans and animals."I am looking forward... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Staffing shortage in tourism sector projected by 2025 as young people look elsewhere

A lack of young people interested in working in the tourism industry is affecting Bay of Plenty employers.Tourism youth perceptions research conducted by the Auckland Tourism, Events and Economic Development and Tourism Industry... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Juken NZ worker thought he would die when engulfed by steam at Kaitaia Triboard Mill

A man seriously injured when he was engulfed by boiling steam at Kaitaia's Juken NZ Triboard Mill thought he was going to die and has had to retire early because of the injuries caused.Juken NZ, which owns and runs the Triboard... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Matthew Hooton: When CGT fails, look out for tax rises

COMMENT: Jacinda Ardern has learned that blathering about "fairness" will take her only so far. She is said to be in shock over the overwhelmingly negative response to Michael Cullen's recommended capital gains tax (CGT).Is anyone... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Air NZ's golden run comes to an end with first half earnings drop

Air New Zealand's golden run of strong earnings growth came to an end today when the national flag carrier reported a 34 per cent drop in net profit to $152 million, driven mostly by higher fuel costs.While the result was slightly... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Arrow administration: More construction firms will fail, says economist

More building and construction firms are destined to fail following the voluntary administration of Arrow International, an economist says."You are going to see more failures within that sector, we haven't seen the last of it,"... Source: NZ Herald Business News

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Construction firm Arrow International put into voluntary administration

Construction business Arrow International has gone into voluntary administration after a contractual dispute left it with insufficient cashflow to meet operating costs.Administrators from accountancy BDO were appointed at 2.30pm... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Political Roundup: Jenny Shipley's downfall raises questions about NZ's political class

COMMENT: It's a big deal when the High Court rules against a former prime minister and fines them $6 million for their reckless business practices. After all, it raises questions about the probity of such former political leaders,... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments

Contractors say Arrow's collapse shows high risk of construction

The downfall of Arrow reflects high risk of construction, Civil Contractors NZ said.The voluntary administration of Arrow International (NZ) will impact not just on the employees of the company and its clients, but the wider network... Source: NZ Herald Business News

By | February 28th, 2019|Business|0 Comments