Crown alleges Ngatata Love set up $3M in secret payments to buy house for himself and partner
By Sophie Boot Aug. 25 (BusinessDesk) - Former Treaty negotiator Ngatata Love was fully aware of and approved a $1.5 million payment from a land developer into a trust controlled by his partner, Lorraine Skiffington, which is at the heart of his fraud trial, the Crown says....
Hellaby Holdings annual profit falls 30%, restructuring continues under Alan Clarke
By Sophie Boot Aug. 25 (BusinessDesk) - Hellaby Holdings, the diversified investment group, posted a 30 percent fall as restructuring under new chief executive Alan Clarke continues. Net profit dropped to $19.6 million, or 20.4 cents per share, in the 12 months ended June 3...
Former Tenths trustee tells Love trial he was ok with 'consultants' getting $3M fee
By Sophie Boot Aug. 25 (BusinessDesk) - A former trustee for the Wellington Tenths Trust has told Ngatata Love's fraud trial that he was ok with the idea that "consultants" could be paid a $3 million fee for negotiating a deal with property developers. Former Tenths Trust...
Wynyard halves 2016 guidance after more than doubling first-half loss
By Sophie Boot Aug. 24 (BusinessDesk) - Wynyard Group, the intelligence software developer, more than doubled its first-half loss and halved its full-year guidance. The net loss widened to $36.3 million in the six months ended June 30, from $17.6 million a year earlier, the...
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