Wilsons Advisory stake sale report ‘purely speculation': Craigs
Craigs Investment Partners is considering selling its circa 50% stake in Wilsons Advisory, according to a report in the Australian Financial Review that the firm says is 'purely speculation'.
The outlet's Street Talk section said it believed Canadian firm Canaccord Genuity was an interested
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Otago Daily Times
a day ago
- Otago Daily Times
Investment adviser aiding the community
She's a woman on a mission to help others, whether through her job as a financial adviser or via service organisation Rotary. Business editor Sally Rae talks to April Eden. Meet April Eden from Dunedin — and yes, that really is her tagline. The rhyme is on purpose and this powerhouse is hot on her own purpose, particularly helping women build confidence with money and take control of their financial futures and flying the flag for service organisation Rotary as a vehicle to do good in the world. English-born but Dunedin-proud, her road to becoming an investment adviser might not have taken a traditional trajectory but she was determined to show her daughters she could achieve something and make her mark on the world. It was when her first child was young that Mrs Eden, 33, decided she did not want to be "another statistic". Having quit secondary school at the beginning of year 12, she worked in hospitality. At 19, she became pregnant and, while "not quite a teen mum", she felt she was still not a full mum in the eyes of society. With creative flair, she had initially thought she would pursue something like graphic design but at 23 found her aptitude in accounting. When she decided to return to study, backed by her supportive partner, she did not want to commit herself, knowing that secondary school and herself did not agree with each other. So, she did a certificate of business administration at Otago Polytechnic and discovered it was very different from secondary school — "you're in charge of yourself". Having enjoyed that, she later completed a Bachelor of applied management, switching majors from marketing to accounting, at the polytechnic. Those early years were a whirlwind which included getting married, having a second child and buying and selling several houses. While studying, she was one of three New Zealand-based students selected to take part in a student workshop held as part of an entrepreneurs' summit in China in 2018, coincidentally all three coming from Otago Polytechnic. But then she could not find a job as an accountant, despite "interviews galore" all over the country. She specifically wanted to get into audit and risk, with a desire to know how businesses worked, but interviews would indirectly raise the matter of her having two children, questioning how she was going to manage the travel. Also, she was getting blank looks when she asked what the career path looked like for her three years down the track. After potentially uprooting her husband, children and life, she did not want to be uplifting them again in three years' time and she wanted to show loyalty to a company — somewhere she could "grow with them". It was when she got an interview for a private wealth assistant at Craigs Investment Partners that she was shown exactly what a 10-year career path looked like. She started there in 2018 and has worked her way up, next January marking four years as an adviser. Bubbly, colourful and a straight talker, Mrs Eden admitted she loved her job. "It sounds really corny, but no two days are the same, there's so much variety in a day." Ultimately, it was a job that was all about relationships and, with a love of people, that flowed through to her extracurricular passion which was Rotary. She did not want to be seen as "just another investment adviser". And when clients or potential clients searched her name, she did not want it to solely come up with her business profile. She wanted it to come up with all the things she was doing in the community that she was passionate about, so they could feel like they were getting to know her a little before they came to see her — "an ordinary person with a pretty cool job, that I actually do care — and I do". President of Rotary Dunedin Central and on the board of District 9999, the Rotary district which covered the South Island, she said it was unfortunate the organisation had the perception of an "old man's club". Her club was 50% female, and the average age was late 50s. "There is still such a need for Rotary, arguably now more than ever," she said. This year, a team from Ignite Consultants Otago, the student-led voluntary organisation which offered free consulting services to not-for-profit organisations, worked with Rotary Dunedin Central. The team was charged with helping make the club more accessible and appealing to young professionals and worked closely with Mrs Eden. With only one of the students knowing what Rotary was before the project, they looked at it from a "completely outside perspective" with no preconceived ideas. Being able to take their suggestions back to the club and further afield was a chance to say "this is literally what young people are saying". For the younger generation wanting to do good in the world, Rotary — which has a seat at the United Nations — could be the vehicle to allow them to do that, she said. Mrs Eden was on a mission to help bring Rotary into 2025 and beyond by breaking the stereotypes, modernising the message and ensuring the organisation continued to do good for decades to come. It was a fine line to tread as she did not want existing members, who had so much wisdom and connections, to be alienated. But she was adamant the only tradition that Rotary had was that it "does good in the community". The organisation had lots of different club structures and options. While there were still some clubs which met weekly, there were also online clubs which did their project planning online, and some clubs which dealt specifically with one cause. "It's just that balance between reminding our existing Rotarians why you joined in the first place — because you wanted to do good in the community — and then telling the next generation that 'hey, we're here and we'll help you do these good things that are important to you now'," she said. Personally, Rotary had given her purpose, friendships, professional and personal development and the chance to make a real impact. Her club was very open to change and trying new things. It had three or four key fundraising projects a year; it helped with the Dunedin Brick Show, featuring all things Lego, at the Edgar Centre and the money raised went to a youth-oriented charity — last year it was Rock Solid. It has the Rotary book sale next month and it also sells pea straw. It bought a commercial washing machine for the Night Shelter and has helped re-establish gardens and an orchard at Bradford School and has also helped the astronomical society. "We recognise that the little guy needs help too. Buying a new laptop for an organisation ... could be the difference between them paying rent on a building they're using for a month or two," she said. Mrs Eden said, when asked how she managed to balance everything, that she worked very hard and she had a fantastic support system with her husband. When it came to resilience in leadership, she was inspired by her elder daughter, who was one of two children who went missing after a bush walk in the Mavora Lakes area in Southland in July 2023. They were found by a search party the following morning. Her daughter came out of that experience braver and even went skydiving for her 13th birthday. Watching her navigate that experience, Mrs Eden said she could not "be the scared person". "Leadership is not about how to avoid the storms, it's how you navigate them and how you bring the others through with you," she said.
Otago Daily Times
3 days ago
- Otago Daily Times
Scott Tech scores trussing contract in Canada
Scott Technology has inked $27 million in new global automation contracts across the food and beverage sector, including an entry into the Canadian poultry market. It has partnered with Maple Lodge Farms — one of Canada's largest independently-owned poultry processors — to design, build and install two 24-bird-per-minute trussing lines at the company's plant in Brampton. The world-first poultry trusser automated the labour-intensive task of trussing; tying chicken legs and wings. The North American poultry market was a $US95 billion ($NZ157b) industry with more than 900 million rotisserie chickens produced each year. Scott already has its trussing technology in the United States. Other contracts secured included major materials handling projects for brands such as Coca-Cola, DMK, Soubry and Altho. In a trading update, Scott said the group's trading performance for the year to date remained in line with expectations and reflected market conditions. Revenue to the end of the third quarter was down 7% on the previous corresponding period (pcp) while reported ebitda was now ahead of pcp. — APL
Scoop
4 days ago
- Scoop
Nauru Says Deep Sea Mining And Ocean Conservation Can Coexist
Caleb Fotheringham, RNZ Pacific Journalist Ocean conservation and deep sea mining are not in conflict, Nauru's climate change minister has told leaders at the United Nations Ocean Conference. Asterio Appi said Nauru sees the extraction of metals from deep sea nodules as essential for the increased production of electricity as the world moves away from fossil fuels. "Conserve and sustainably use the oceans, seas and marine resources for sustainable development," Appi said. Deep sea mining involves extracting potato size rocks called nodules - which are packed full of valuable metals - from the seafloor many kilometres deep. Earlier this month, Nauru updated its commercial agreement with Canadian mining group The Metals Company for deep sea mining in international waters. It comes at a time of increasing uncertainty in the deep sea mining industry with both the United States and International Seabed Authority (ISA) stating each offers a licencing pathway to mine the seabed in international waters. According to the UN's Multidimensional Vulnerability Index, Nauru is the fifth most vulnerable nation in the world. Appi said Nauru had financial needs to address issues related to climate change and economic instability. "Nauru considers that the sustainable use of our oceans must include the responsible recovery and extraction of these critical energy transition metals to ensure supply chain security," he said. Also read: The five-day Ocean Conference in Nice - co-hosted by France and Costa Rica - concluded on on Friday. One of the key aims was to get the High Seas Treaty ratified by 60 countries to bring it into force. Fifty countries had ratified it by Friday, with a dozen more promising to do so by the end of the year. Vanuatu's Climate Change Adaptation Minister Ralph Regenvanu told journalists that fossil fuel reduction did not feature enough at the conference. "It's the single greatest cause of the damage to the oceans that we're seeing now and we're not talking about it enough." He said the Pacific is living through a climate emergency every day. "You're recovering, you're coming to the next one, you're facing another one. You're preparing for something, for example a lot of people living on the cost can no longer access fresh water like they used to, so just basic things being affected. "Those of us who are the most climate vulnerable now are simply living the future that we're all going to get one day." Tuvalu's Prime Minister Feleti Teo said he was an "optimist by nature" and believed the conference had contributed to the climate change conversation. However, Teo said he wanted to see more action from the big emitters. "As a small island developing country, we don't have that influence to pressure them to change their policies, but we need to sustain the pressure and meeting of this sort give us that opportunity to continue to tell that story." He said the ocean means everything to the people of Tuvalu. New Zealand committed NZ$52 million dollars to strengthen ocean governance in the Pacific. But the country's environment and climate change ministry chief executive said Australia and New Zealand's fossil fuel expansion raises questions about their respect, or lack of it towards the ocean. "If Australia and New Zealand are going to expand oil and gas that sends a very strong signal that the agreements or decisions that they have made internationally are not upheld," Sivendra Michael said. "So who do we hold to account? Are there any government mechanisms that we can legislatively or through the judicial system, take them to court?" Michael said legislation is also needed to hold countries to account for trans-boundary waste, like if the Great Pacific Garbage Patch enters into a countries exclusive economic zone.
