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Otago Daily Times
16-06-2025
- General
- Otago Daily Times
Grant boosts playground project
A new Catlins playground will have a significant cultural leaning, including verse from a well-known local poet. Coastal community Kaka Point, which is nearing a rebuild of its "ageing" 30-year-old oceanside playground, received a major boost towards the $650,000 project recently, thanks to a $120,000 grant from the Otago Community Trust (OCT). Project spokeswoman Anna Cross said she hoped work would begin on the new playground — which would contain poetry from former resident Hone Tūwhare and other "cultural" elements — in October. The group had been "overwhelmed" by support for the project, from extensive local fundraising, the Clutha District Council, and grants including the recent OCT boost, Ms Cross said. "We think the inclusion of Hone Tūwhare's poetry in the design, a significant Māori literary figure who made Kaka Point his home, is quite special and strengthens the cultural identity of the space. "The playground design will also incorporate te ao Māori, including murals and informative signs sharing local history, as well as bilingual information panels highlighting native plants." She said the project had arisen in 2020, as the town — home to many holiday cribs — began to see an increase in families choosing to live there permanently, and it hosted visitors year-round. "The existing playground had become outdated and lacks modern, age-appropriate equipment. It wasn't reflecting the unique natural and cultural environment of Kaka Point, so we wanted to create a safe, engaging and inclusive play space for all." The playground's centre point would be a lighthouse slide, reflecting nearby tourist attraction the Nuggets Lighthouse. "We've worked closely with [designer] the Playground Centre to reflect and connect to our local environment by incorporating elements that define our area. "We're hoping to create a vibrant, inclusive and culturally enriched space for locals and visitors alike." The grant was one of a total $926,085 issued by OCT during its May distribution. Other major recipients included the Mihiwaka-Kāpukataumahaka/Mt Cargill Habitat Restoration project ($40,000); He Waka Kōtuia Trust ($50,000); and $150,000 for the Millers Flat Community Reserve rejuvenation project.
Reuters
18-03-2025
- Business
- Reuters
Barclays CFO says client returns under tight scrutiny
LONDON, March 18 (Reuters) - Barclays (BARC.L), opens new tab CFO Anna Cross said on Tuesday the bank was continuing to axe unrewarding customer relationships that fell short of expected return targets, as it steps up efforts to direct capital towards higher-revenue generating businesses. Cross told the Morgan Stanley European Financials Conference that corporate deposits at the British lender had risen last year, helped in part by assigning a lead treasury banker to each of the lender's top 800 corporate clients. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. But Barclays was also taking tough decisions to reduce capital tied up in less profitable arrangements. "..when those facilities come up for renewal, we are asking ourselves very, very difficult questions as to whether or not those client returns are at, or above, expectations. If they are not, what needs to be true to get them there," she said. "And if we don't believe we can, then ultimately, having a difficult conversation with that client. Those conversations have been happening," she said.
