Ryanair to cancel another 400,000 bookings

Ryanair is cancelling a further 400,000 bookings on 18,000 flights between November this year and March 2018, it has announced. A total of 25 routes have been suspended over the winter period, including all flights from London to... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Jim Rose: Share markets say whether CEOs are worth their pay

Big company CEOs are paid much more than a few decades ago but so too are celebrities, athletes and entertainers. Winston Peters is happy to attack the pay of the Fonterra CEO but never dares to call for an All-Black to be paid... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Q&A: How Apple's Face ID facial recognition works

In mid-September, Apple unveiled its new Face ID facial recognition system , which is due to debut with the iPhone X on November 3. The system lets users unlock their phones just by glancing at them, but has also raised privacy questions... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Global Financial Crisis to blame for drop in estate's value, says lawyer

The Global Financial Crisis caused the abrupt drop in value of a Taupo property at the centre of an estate wrangle involving a lawyer, accountant and regular NBR rich lister, a court has heard.Rob Latton, lawyer for accountant Philip... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Bach, cars in $8.6m police swoop

Police are attempting to seize nearly $9 million in assets from a roading contractor - including a Coromandel bach and classic cars - they believe were accumulated as the result of bribery and corruption.Assets of Stephen Borlase,... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

NZ shares ignore election uncertainty to hit record

New Zealand shares shrugged off the post-election vacuum to hit a record high today, despite a lack of corporate news, with Tourism Holdings, Synlait Milk and Kathmandu Holdings gaining."The incredible outperformance of New Zealand... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Fonterra in the running for Aussie's Murray Goulburn

Fonterra has confirmed that it has made an indicative, non-binding proposal to the board of Australia's biggest dairy company, Murray Goulburn.Victoria-based Murray Goulburn, which last month reported a A$370.8 million (NZ$406.7m)... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Refinery boss on pipeline break – Sorry about your dream holiday

Refining New Zealand boss Sjoerd Post has apologised to travellers whose "dream holidays" were hit by the pipeline rupture, still leading to flight disruptions.The company owns and operates the pipeline which broke nearly two weeks... Source: NZ Herald Business News

By | September 27th, 2017|Business|0 Comments

Theo Spierings' not the first $8m man at Fonterra

If anyone has a sense of déjà vu about a Fonterra boss being paid more than $8 million - they'd be right.You don't have to look back far in the co-op's history to find one of its bosses getting remuneration to rival that of Theo... Source: NZ Herald Business News

By | September 26th, 2017|Business|0 Comments

Daughter, 33, stole her parents' $335k life savings while they went on holiday

A daughter has admitted stealing £179,000 (NZ$335,952) from her parents after they sold their home and took a trip of a lifetime.Melissa Humphreys, 33, abused her parents' trust after they left their finances in her hands and she... Source: NZ Herald Business News

By | September 26th, 2017|Business|0 Comments