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What the ‘everything rally’ did to markets in 2023

The investment market in 2023 was strong – unlike the year prior – largely thanks to an impactful December quarter. It’s a great example of the need for patience and a reminder of the importance of a long-term view when investing. The positive returns were driven by what we’re calling the “everything rally” – a perfect storm of equities rallying...

More funding needed for road to recovery in Hawke’s Bay

Hawke’s Bay leaders are calling for more government funding to rebuild the region’s extensively damaged roads and bridges. As the powerhouse of its local economy, the region’s primary sector and associated supporting services rely heavily on a reliable and resilient roading network. Whilst Councils are grateful for the Government support received to date and as a result have made good...

The Parkerian Hexad: Elevating Information Security Beyond the CIA Triad

While you may or may not be aware of the CIA Triad, it is a well-known set of fundamental principles of information security – Confidentiality, Integrity, and Availability. It clearly defines the relationship between information and security. Confidentiality: Often considered the most fundamental principle of the CIA Triad, this involves protecting information from unauthorised access. It ensures that sensitive data...

Is the Fast-track consenting process faster?

Author - Clare Price BRP (HONS) MNZPI Senior Planner Stradegy New Zealand’s Infrastructure Commission, Te Waihanga, raised concerns in July 2021 regarding the significant escalation of resource consenting costs for infrastructure projects. Their research revealed a 70% increase in direct consenting costs and a 150% extension in consent timeframes between 2014 and 2019. Notably, for smaller projects under $200,000, consenting...

12 months on from Gabrielle – the impact on claims and insurance premiums

It is hard to believe that a year has already passed since Cyclone Gabrielle devastated our region. What has happened a year on regarding insurance claims, and how will it affect your premiums moving forward? As at 13 December 2023, insurers had settled 99,798 of 115,353 claims (about 87%) from the Cyclone Gabrielle and Auckland Anniversary events, according to the...

Acquisition of Bostock Brothers Limited in New Zealand

Inghams Group Limited (ASX: ING) (Inghams, Company) today announces its intention to acquire 100% of the Bostock Brothers organic chicken business in New Zealand for NZ$35.3 million (approximately A$33.0 million). Key points Acquisition of New Zealand’s only organic poultry producer with premium market position is strongly aligned with Inghams strategy Acquiring 100% of the shares in Bostock Brothers Limited (BBL),...

Flood protection work in Hawke’s Bay a step closer

Cabinet has agreed to engage on a proposal for a temporary change to legislation under the Severe Weather Emergency Recovery Legislation Act 2023 (SWERLA), which would speed up the delivery of flood protection work across Hawke’s Bay. On the back of Cyclone Gabrielle, Hawke’s Bay Regional Council has earmarked seven areas where new flood infrastructure would see category 2A and...

Large scale development gets fast track consent approval

Wairatahi, a large scale residential development in Hastings owned by Heretaunga Tamatea Pou Tahua – the commercial arm of Tamatea Pōkai Whenua, (formerly Heretaunga Tamatea Settlement Trust) - has secured approval to go ahead via the Government’s fast track consent process. Tamatea Pōkai Whenua (TPW) chair Pōhatu Paku said the Covid-19 Recovery Fast-Track Consent decision was a significant outcome for...

Tātau Tātau Commercial make significant investment into iconic local landmark

One of New Zealand’s most iconic beach-side holiday parks will continue to welcome thousands of holiday makers while remaining in local ownership. Tātau Tātau o Te Wairoa Trust’s commercial entity today announced its purchase of the Mahia Beach Motel & Holiday Park, securing an asset that is pivotal to the Wairoa and Mahia community and local economy. This beautiful piece...

New economic development agency leader up for the challenge – Lucy Laitinen

The Regional Economic Development agency has appointed Lucy Laitinen as chief executive. Lucy comes from a CE role at Anglican Care Waiapu and has also had several roles with World Vision. The Regional Economic Development agency is another reincarnation of the region’s many approaches to boosting the economy, attracting and supporting businesses. It is charged with delivering on the Matariki...