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Toby Walne  'When it comes to making money there are few better companies built for a laissez-faire bare-knuckle fight than Ryanair. 'Ryanair sucks us dry as a result of our own volition. And it does not matter how much impish Irish boss Michael O'Leary treats passengers with disdain – people always come back for more if the flights are cheap enough. 'There could also well be carnage on the runways over the next few months as other less ruthless airlines collapse – leaving space for Europe's biggest carrier to fill. 'Ryanair has recently ordered no fewer than 210 new Boeing 737 MAX jets,...

Ten years on from Timothy Wallis's disappearance 23 Dec, 2020 06:11 PM 3 minutes to read Dunedin man Christopher Lees is hoping for answers about his brother, who vanished more than a decade ago. Photo / Gregor Richardson Otago Daily Times Christmas never gets easier for Christopher Lees. It has been a decade since his younger brother Timothy Wallis, 26, vanished. He was last seen in Dunedin in August 2010. After six years and no sightings, he was declared dead by the coroner in 2016. Advertisement After a decade of pain, all his family wanted was closure, Lees said. "Ten years is a long time...

Text size Real estate investors know to “beware good houses in bad neighborhoods,” says Christopher Lees, co-manager of the JOHCM Global Equity fund. This wisdom is every bit as true for equity markets, where neighborhoods are influenced not by school quality nor commute times, but by market cycles, macroeconomics, and secular trends.  Think of the average bank stock since the financial crisis, a period marked by low interest rates and quantitative easing. “Even the best banks haven’t been particularly good investments because the neighborhood was so bad,” says Lees, ...