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Lines and wines - a twisted tale

Lines and wines - a twisted tale
Newsroom
16/12/2020
© Provided by Newsroom
The saga of Marlborough Lines and Yealands Wine involves legal action, a raid, secrets, lies, falsified documents, and millions in community money. This is what happened.
What do a Marlborough utility company and a vineyard with a spotty past have in common?
Possibly, it could be argued, too much.
Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the
New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , Marlborough Lines , Yealands Wine , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , மார்ல்பரோ கோடுகள் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

Lines and wine - a twisty turny story

Possibly, it could be argued, too much.
Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment.
Today, Rutherford tells The Detail why a local business advisor, David Taylor, is taking court action against the trustees of Marlborough Electric Power Trust, the owner of Marlborough Lines, over the 2015 purchase of Yealands Wines. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Lines , Yealands Wine , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ கோடுகள் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

The Government's finances are in very good shape « The Standard

Written By:
mickysavage - Date published:
7:55 am, December 17th, 2020 - 66 comments
These are in remarkably good shape. Who would have predicted that dealing properly with a global pandemic would have had better results for the economy than timidly dealing with it and trying to ensure that economic activity continued?
And that making baby boomers stay home and spend their wealth on new kitchens or meals out or local holidays would be much better for the economy than spending the money on overseas holidays or overseas luxuries?
Whatever the reason the country’s figures are looking remarkably good.
A faster and stronger economic rebound from the Covid-19 pandemic will see the government’s finances headed back to surplus sooner than expected, according to the Treasury. ....

New Zealand , United States , New Zealand General , City Of , United Kingdom , Tamil Nadu , Port Hills , New South Wales , Hauraki Gulf , Papua New Guinea , New Zealanders , Rebecca Allen , Nathan Smith , Spinoffby Josie Adams , Lucy Revill , Cameron Bagrie , Judith Collins , Steve Braunias , Luke Malpass , Toby Manhire , Lady Ann Salem , Alex Braaechamps , Selwyn Manning , Stephen Duckett , Mark Cameron , Maria Nugent ,

The Detail: A deep-dive into the Marlborough Lines and Yealands Wine saga

Taylor told Rutherford he was concerned the lines company paid too much for Yealands, which has performed poorly in recent years. He believed tens of thousands of consumers and beneficiaries have been disadvantaged and should be compensated for the losses.
They re trying to find out about who knew what, when. What due diligence was done, what research was done, who declared conflicts, all sorts of things. And did the trustees really hold Marlborough Lines to account, says Rutherford.
Stuart Smith the Kaikōura MP (covering Marlborough) immediately came out with a public statement saying it was unclear whether a utility company, which is a very simple and organised and regulated business, had the skills to run a wine business - which is all about branding. [There’s] so much more uncertainty in the wine business. ....

Hamish Rutherford , Jeff Fyfe , Peter Yealands , David Taylor , Sharon Brettkelly , Ministry For Primary Industries , Marlborough Electric Power , New Zealand Herald , Wellington Business Editor Hamish , Marlborough Lines , Yealands Wine , Marlborough Electric Power Trust , Tamra Kelly Washington , Primary Industries , Detail Rutherford , ஹமிஷ் ரதர்ஃபோர்ட் , ஜெஃப் ஃபைஃப் , டேவிட் டெய்லர் , அமைச்சகம் க்கு ப்ரைமரீ தொழில்கள் , மார்ல்பரோ மின்சார பவர் , புதியது ஜீலாந்து ஹெரால்ட் , வெலிங்டன் வணிக ஆசிரியர் ஹமிஷ் , மார்ல்பரோ கோடுகள் , மார்ல்பரோ மின்சார பவர் நம்பிக்கை , தாமிர கெல்லி வாஷிங்டன் , ப்ரைமரீ தொழில்கள் ,

Open mike 17/12/2020

Biden s selection of Jennifer Granholm as Secretary of Energy is a good choice. A hard worker, a great communicator, and a champion of renewable energy.
The BAU everyone is adamant is about to occur – will not. Sure, change is not going to be fast enough for most round these parts, but this lady is no dinosaur nor a rich crony.
Hard working experienced people. I reckon Joe s doing alright building a team considering everyone s expectations are so low.
Andre 2.1
More significantly, the appointment of Granholm may signal an intention to re-orient the Department of Energy to actually be mostly about energy, rather than being a deceptive name for the keeper of the nuclear weapons stockpile. ....

New Zealand , United States , New Zealand General , City Of , United Kingdom , Tamil Nadu , Port Hills , New South Wales , Hauraki Gulf , Papua New Guinea , New Zealanders , Rebecca Allen , Nathan Smith , Spinoffby Josie Adams , Lucy Revill , Cameron Bagrie , Judith Collins , Steve Braunias , Luke Malpass , Toby Manhire , Lady Ann Salem , Alex Braaechamps , Selwyn Manning , Stephen Duckett , Mark Cameron , Maria Nugent ,