Investor reaction to an update from Air New Zealand last month has pushed the company's stock to its lowest level in more than two years - and it is still searching for the runway with shares closing down 1c yesterday at 88c.

Former chairman of Hanover Finance chairman Greg Muir says the decision by the FMA to launch civil proceedings against company directors is 'disappointing'.

Former National Finance director Trevor Allan Ludlow has pleaded guilty this afternoon to eight charges of misleading investors and making false financial statements.

The British Government announced overnight that the UK Air Passenger Duty (APD) will increase by eight per cent next April.

Local property investors it seems, are experiencing global dreams...