Kickback culture: 'loyalty schemes' push build pricing up by 10%

Kickback culture: 'loyalty schemes' push build pricing up by 10%
Tim and Lester Haycock: consumers paying for 'fishing trips'. (Image: BusinessDesk)
Brent Melville
Building materials importer Lester Haycock says he’s been locked out of Fletcher Building and Carters' outlets because he won't push up margins to make room for rebates.Auckland based Haycock markets and distributes a variety of products into the trade, including his big seller – a magnesium sulphate flooring board called Maglok Dragonboard.But when he started bringing in Maglok – a fire and water-resistant product in widespread global use – about four years ago, he found himself shut out of most major distributi...

More Property

Promoter ducked inquiries about inappropriate AdWords use
Property

Promoter ducked inquiries about inappropriate AdWords use

Finbase created 'false impression' its financial products were low-risk, FMA says.

Maria Slade 16 Oct 2025
Fletcher’s cost-out drive goes even deeper
Property

Fletcher’s cost-out drive goes even deeper

Latest belt tightening will be structural and sticky, analyst says.

Du Val pair ordered to pay costs
Property

Du Val pair ordered to pay costs

The Clarkes are to pay the markets regulator following the asset seizure hearing.

Maria Slade 13 Oct 2025