News in Brief
News in Brief
News in Brief
Auckland construction company sentenced in cartel conduct prosecution
A now-defunct Auckland construction business swept up in the nation’s first-ever criminal prosecution for cartel conduct has been ordered to pay a $30,000 fine.Justice Sally Fitzgerald told the company’s lawyers and former director that she would have imposed a much greater fine...
News in Brief
Kiwisaver assets climb $5b to nearly $135b in September quarter
As KiwiSaver turns 18, assets in the scheme rose by $5 billion in the September quarter to reach just under $135 billion, research firm Morningstar says.In its latest quarterly survey, Morningstar said most multi-sector KiwiSaver funds produced positive returns compared with the...
News in Brief
Marsden Maritime Holdings CEO Rosie Mercer standing down
Marsden Maritime Holdings' chief executive, Rosie Mercer, is stepping down at the end of the year.After three years in the job, she said the decision was a natural transition point for her and the company, as Marsden Maritime Holdings (MMH) was in a strong position and well-p...
News in Brief
Massive Pōrangahau fire largely contained after spreading to pines planned for Ikea furniture
A 245-hectare fire burning its way through forest near Pōrangahau, Central Hawke’s Bay, is likely to continue to cause firefighters headaches over the next week. Ingka Investments Management New Zealand operations manager Dylan Foster said roughly 80 hectares of their 550-hectare...
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