Prime Minister Luxon's managed to find himself in hot water after some off-colour comments about previous business delegations.

Ahead of his trip to Japan, the Prime Minister said the calibre was lacking in earlier delegations, labelling prior groups 'C-list'.

NZ Herald Wellington business editor Jenee Tibshraeny explains why Luxon's comments seemed particularly awkward.

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Prime Minister Luxon's managed to find himself in hot water after some off-colour comments about previous business delegations.
Ahead of his trip to Japan, the Prime Minister said the calibre was lacking in earlier delegations, labelling prior groups 'C-list'.
NZ Herald Wellington business editor Jenee Tibshraeny explains why Luxon's comments seemed particularly awkward.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the Prime Minister's business dealings in Japan

Divers have resumed their hunt for the six missing people who disappeared after a luxury yacht sank off Sicily's coast.

The British-flagged Bayesian, a 56-metre-long superyacht, was carrying 22 people and anchored off the port of Porticello when it was hit by a fierce, pre-dawn storm on Tuesday.

UK correspondent Gavin Grey says hopes are dwindling - and this is more likely to be a recovery mission than a rescue. 

LISTEN ABOVE

Divers have resumed their hunt for the six missing people who disappeared after a luxury yacht sank off Sicily's coast.
The British-flagged Bayesian, a 56-metre-long superyacht, was carrying 22 people and anchored off the port of Porticello when it was hit by a fierce, pre-dawn storm on Tuesday.
UK correspondent Gavin Grey says hopes are dwindling - and this is more likely to be a recovery mission than a rescue. 
LISTEN ABOVE

Gavin Grey: UK correspondent on the ongoing search for the six people who went missing after Sicily yacht sank

A grim warning from New Zealand's largest construction company.

Fletcher Building is reporting a group net-loss-after-tax of $227 million dollars, following a $235 million profit last year.

Its residential building arm has been doing well, but it's had losses from its civil business Higgins and Australian plumbing company, Tradelink.

Milford Asset Management's Sam Trethewey unpacks a tough financial year for the construction sector. 

LISTEN ABOVE

A grim warning from New Zealand's largest construction company.
Fletcher Building is reporting a group net-loss-after-tax of $227 million dollars, following a $235 million profit last year.
Its residential building arm has been doing well, but it's had losses from its civil business Higgins and Australian plumbing company, Tradelink.
Milford Asset Management's Sam Trethewey unpacks a tough financial year for the construction sector. 
LISTEN ABOVE

Sam Trethewey: Milford Asset Management Portfolio Manager on Fletcher Building reporting a multi-million dollar net loss

The Commerce Commission has detailed several potential changes in a new 389-page report designed to improve competition in the banking sector. 

One change involves establishing a deposit compensation scheme that insures the first $100,000 of an individual or business’s savings at a bank, credit union, building society or finance company.

NZ Herald Wellington business editor Jenee Tibshraeny examines whether or not this is the way forward.

LISTEN ABOVE

The Commerce Commission has detailed several potential changes in a new 389-page report designed to improve competition in the banking sector. 
One change involves establishing a deposit compensation scheme that insures the first $100,000 of an individual or business’s savings at a bank, credit union, building society or finance company.
NZ Herald Wellington business editor Jenee Tibshraeny examines whether or not this is the way forward.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the Prime Minister's business dealings in Japan

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