A "crushed" and "devastated" Michael Wood has resigned to a "frustrated" and "angry" Prime Minister. Michael Wood's fallen on his sword after he failed to declare his stakes in three more companies that he had a ministerial connection to. Mr Wood had already been stood down as transport minister for failing to properly disclose and sell his shares in Auckland Airport. The Prime Minister Chris Hipkins says the latest revelation made Mr Wood's position as a minister untenable. Here's our political reporter, Katie Scotcher.