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'Dishonest, unscrupulous' Allan Hawkins banned as director

Convicted fraudster and 1980s high-flyer Allan Hawkins has been banned from any management role in a company for eight years.The order by district court judge Brooke Gibson was sought by the Commerce Commission, which had [...]

By | February 19th, 2020|Categories: Business|0 Comments

Forestry company ordered to pay $100,000 to pair for terrifying ordeal

By Sarah Curtis of the Gisborne Herald A forest company must pay a Tolaga Bay couple $50,000 each after a terrifying night they spent marooned on their roof amid rising floodwaters laden with forestry debris.Aratu [...]

By | February 18th, 2020|Categories: Business|0 Comments

NZ banks snap growth phase with 1 per cent profit fall to $5.71 billion

Profits across the New Zealand banking sector fell slightly last year reversing a trend of strong profit growth seen in previous years.Figures from KPMG's Financial Institutions Performance Survey for 2019 show bank profits fell... Source: [...]

By | February 18th, 2020|Categories: Business|0 Comments

Generator that creates electricity 'out of thin air' could be used to power phones

A new method for generating electricity means that pretty soon you may never have to charge your phone again.While wireless charging pads that use electromagnetic induction to charge your phone or other devices mean you [...]

By | February 18th, 2020|Categories: Business|0 Comments

NZ shares rise as Heartland posts strong result

New Zealand shares rose as the local earnings season continued with investors heartened by a strong result from Heartland Group Holdings.The S&P/NZX 50 Index rose 61.86 points, or 0.5 per cent, to 11,935.84. Within the [...]

By | February 18th, 2020|Categories: Business|0 Comments