The Profit - Inspiring Business in Hawke's Bay

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Rising insurance costs and difficulty getting cover – especially in flood-prone areas

Why are insurance costs going up? Over the last 18 months insurance premiums have gone up by nearly 30%, with significant increases in high flood risk areas, such as the Hawkes Bay. Whilst pricing is starting to stabilise, it is still a large cost for many people whether it comes to their home, business or both. Why have costs risen...

But that’s what we agreed …

A wise and respected local businessman once gave my Father some sage advice which he has often repeated: “You are a fool if you do not understand what you are signing”. Not so long ago a handshake and a discussion of the broad terms of an agreement were often enough to create a lasting and workable arrangement. Whether or not...

ROCKIT GLOBAL ANNOUNCES THE APPOINTMENT OF NEW CEO, GRANT MCBEATH

Rockit Global Limited Chair, John Loughlin announced today the appointment of Grant McBeath as its new Chief Executive Officer. Grant will succeed Mark O’Donnell who in June announced his upcoming retirement. The appointment follows a search that included international candidates for the role. John Loughlin said, “the Rockit Board is delighted with the appointment of a proven leader with a...

Fractional work – hiring a part-time specialist to help grow your business

Over 2024, high interest rates and inflationary pressures have made it harder than usual for Kiwi businesses to thrive. At the same time, many businesses still see an opportunity to grow but may be reluctant to spend money on hiring a new person (especially at a senior/ executive level) who could play a key role in unlocking that growth opportunity....

Delivering results at life- changing academy

Located on Omahu Road Hastings, purposefully on the doorstep of Flaxmere where he grew up, local businessman Taurus Taurima’s Topline Training Academy is changing lives. While his own story is inspirational and grounded in many of the challenges faced by the rangatahi his programme has been created for, Taurus has shown that with hard work, positive influence and role models,...

Bayleys championing businesses with scale

Bayleys is the largest full-service real estate agency in New Zealand and has also been actively assisting business owners to sell their businesses through its team of specialist brokers. In January 2024, Bayleys made the strategic acquisition of bespoke brokerage and advisory firm Rede, which had a track record of transacting sizable unlisted business enterprises valued between $5m to $50m....

Pan Pac emerges from water and silt

Steam is rising from the boilers again at Pan Pac after a 16 month clean up at a cost of over $300 million. Fair to say it wasn’t the best way to celebrate 50 years of business. Cyclone Gabrielle struck with all its fury submerging the Whirinaki site with over 2 metres in water and more than 750,000m3 of silt....

Local businesses backing Hawke’s Bay Māori rugby success in shield endeavours

Two local businesses with strong Māori heritage are backing Te Matau a Māui Hawke’s Bay Māori rugby team as it prepares to challenge Te Upoko o Te Ika Wellington Māori Wellington for the Sir Eruera Tihema Tirakatene Shield, the Ranfurly Shield of Māori rugby. Hastings based Geotech engineering firm RDCL and civil infrastructure firm Tūpore Infrastructure have been confirmed as lead...

Working hard to keep cargo flowing and support regional economic growth

Napier Port has delivered a strong half year earning result. Napier Port CEO Todd Dawson says a strong port is important to region’s economic prosperity. “When the region does well, Napier Port does well and vice versa. That’s why it’s pleasing to deliver strong earnings recovery in the first half of our financial year.” In the first six months of...

Aura Consulting: Crafting tailored staffing solutions

Aura Consulting has established itself as a leader in specialist recruitment services in Hawke’s Bay, offering unparalleled expertise, personalised services and an intimate understanding of the local job market, industry trends and business landscape. Bede Ashby, a Hawke’s Bay recruitment expert highlights the myriad of staffing challenges organisations face in today’s dynamic business environment. These challenges range from filling short-term...