Jamie Gray
Business Reporter
Business reporter, NZ Herald
We are your advocate, Aotearoa. Uncovering stories that matter, asking hard-hitting questions of those in power, live-blogging sport events, monitoring the highs and lows of the NZX and providing Premium expert opinion and analysis. Bringing you distinctive, quality journalism and breaking news from across New Zealand and around the world. With specialists working together to create indepth reads, engaging video, and unmissable podcasts.
Check out Jamie’s latest content
Genesis Energy says power shortage cost it $59 million
Genesis Energy lifted its earnings in the first half, despite a difficult winter.
Genesis reports strong first half profit
Genesis net profit leaps past $70m in volatile environment.
Stock Takes: Focus turns to second half after RBNZ rate cut
Focus has turned to those companies who will benefit from this week's RBNZ rate cut.
Auckland Airport CEO says more work to do in tourism
NZ has more work to do in stimulating tourism, Auckland Airport's CEO says.
Market close: NZ sharemarket ends steady after RBNZ rate cut
NZ stocks ended slightly down with Fletcher Building outperforming after the OCR cut.
Genesis beefs up coal supply to avoid another power price spike
Genesis Energy has bolstered its coal supply to avoid another power shortage.
Cashed-up a2 Milk beats market, pays maiden dividend
A2 Milk has surprised the market with a strong first-half performance.
A2 Milk first-half net profit up 7.6%, sets 8.5¢ dividend
A2 Milk beats market expectations, ends half with net cash position of more than $1b.
Oji Fibre confirms 230 jobs at Kinleith Mill to go
Workers believes more jobs will be affected,
Stock Takes: Will NZ corporate earnings offer green shoots for the economy?
The reporting season gets fully underway next week. Will there be green shoots?
NZ power prices set to stay elevated in 2025
Power companies keen to avoid another price spike.
Power companies look at extending Huntly’s lifespan
The big four are looking at ways of extending the life of Huntly's Rankines.
Westpac picks record $10.30/kg milk price for 2024/25
Westpac said global dairy prices have generally held their ground.
Vulcan Steel first-half profit plunges 65%, slashes dividend
Vulcan says it faces some volatile, challenging conditions here and in Australia.
Genesis Energy's plan to reduce coal dependency
Genesis has taken another step towards reducing its reliance on coal for Huntly.
What to expect from company earnings season
The season - comprising mostly second half 2024 results - gets underway this week.
Will a $10/kg milk price hinder Fonterra’s plan to sell consumer business?
Fonterra's prices might be going up to $10 a kilo at the farm gate.
Stock Takes: Why the NZ sharemarket is lagging the rest
There are some stark contrasts between the local index and other comparable markets.
Trump trade wars: What impact tariffs will have on Kiwi businesses
New Zealand will feel the indirect impact of America's policy on world trade, experts say.
Top NZ company says Trump’s US tariffs will increase costs, share price falls
Fisher & Paykel Healthcare makes a lot of products in Mexico, now a target of tariffs.
Stock Takes: Better times ahead for NZX-listed dairy companies?
Synlait is back in action after a terrible 2024, while trade tension overhangs FPH.
Work to start on NZ's biggest solar farm in 2025
It would create enough power to supply the equivalent of about 35,000 homes.
Where it all began: The origins of forestry, NZ’s third-largest export
Kaingaroa lies at the heart of New Zealand's forestry sector.
Down but not out: Fonterra's biggest business opportunity
Fonterra's Teh-han Chow says China remains the land of opportunity for Fonterra.
Tall Timber: NZ’s biggest 20 forestry companies
Who are the companies behind New Zealand's third biggest export trade?
Dairy farmers forecast to get $4 billion boost from 'dream combo' of factors
December saw the highest milk solids collected for the month since December 2020.
Westpac NZ admits overcharging customers $6.35m
Westpac's conduct affected a total of 24,621 customers.
Meridian, Todd's Nova Energy plan big solar project
Solar farm should generate enough power for about 100,000 homes.
NZ yields up, Kiwi dollar down after fiscal update
New Zealand Government bond yields climbed higher after the Government's fiscal update.
New rule could see your KiwiSaver build the next harbour bridge
The finance industry also wants to make it easier for firms to list on the stock exchange.
The NZ sharemarket's standout performers for 2024
Tower and Gentrack were the standout performers on the sharemarket in 2024.
Return to growth: MPI sees big lift in exports in 2025
MPI expects to see a rebound in New Zealand's primary sector exports in 2025.
NZ's richest man Graeme Hart exits Pactiv Evergreen for US$2.5b
Graeme Hart agreed to sell out of American packaging firm Pactiv Evergreen.
Stock Takes: Early Rocket Lab investor cashes in, what airport share sale means for market
Auckland Council's sale of its airport stake could prove positive for the broader market.
Fonterra upgrades milk price forecast to a record $10/kg
Fonterra has upgraded its milk price to a mid-point of $10/kg.
Auckland Council sells stake in airport for $1.3b
The shares were sold for at least $8.08 per share.
ComCom calls out Contact, Nova for marketing ploy
The commission has called out Contact and Nova over their GST-exclusive pricing.
Better times ahead? What we can learn from the interest rate yield curve
The trend of NZ's steeping yield curve looks likely to continue into 2025.
F&P Healthcare plays the long game, despite threat of tariffs
F&P Healthcare's Lewis Gradon comments on the possible threat of US tariffs.
Fisher & Paykel Healthcare says new products boost profit
F&P Healthcare lifts first-half profit as hospitals returned to more normalised staffing.
NZX milk futures surpass $10/kg on China demand
'The market has improved, and it’s favourable for New Zealand.'
China's dairy boom is fading: What it means for Fonterra
Sales at the top three dairy companies have dropped by 9-13% in the first half of 2024.
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What Trump 2.0 could mean for NZ agriculture
Rabobank says US President-elect Donald Trump's return could disrupt world trade.
Snowball to branch out into private equity
Investment platform Snowball is offering access to private equity funds.
Cashed up a2 Milk still looking for acquisitions
Acquisitions are still on a2 Milk's radar screen, despite the company's dividend plans.
A2 Milk rallies sharply on dividend news
Concerns about China cast a shadow over share price.
Stock Takes: The big issues facing F&P Healthcare
F&P Healthcare's share price has held despite concerns about the US health sector.
Westpac predicts $10/kg milk price after another strong auction
'We could end up with an extra $4b added to incomes.'
AgriZeroNZ says climate change solutions for agriculture will endure
Climate change initiatives for agriculture will go the distance, Wayne McNee says.
Napier Port says earnings rebound will continue in 2025
The port bounces back after Cyclone Gabrielle sabotaged its post-Covid recovery.
Weak economy hits Steel & Tube hard
Steel & Tube's earnings have been hit by worsening economic conditions.
Stock Takes: Why a2 is out of favour, and a role reversal for Fonterra
Private equity is seen as a likely buyer for Fonterra's consumer business.
BNZ makes a case for $10/kg milk price
BNZ says factors are building towards a $10/kg milkprice from Fonterra.
How KiwiSaver funds performed over the September quarter
Morningstar says KiwiSaver funds performed strongly over the September quarter.
Symplicity buys 36% of Stabicraft Marine
The acquisition is the seventh for Simplicity’s Private Equity Fund.
Competition risks in 'super-peak' electricity hedging contracts
The Electricity Authority warns that a section of the market is neither deep nor liquid.
ANZ boss expects a better year for the economy in 2025
Antonia Watson is cautiously optimistic about the New Zealand economy.
Stock Takes: US stocks rally on Trump win while the rest the world waits
Sharemarket investors are waiting to see how a new US trade policy will play out.
NZ swap rates rise, Kiwi dollar falls as markets factor in possible Trump win
New Zealand wholesale interest rates rose, while the NZ dollar fell on US election day.
NZ farmers face better outlook, but China still a risk – RBNZ
Sentiment in the agriculture sector has improved since mid-2023.
NZ power generators not holding back on investing, electricity retailers group says
An Eranz report says the big power generators are investing heavily in renewable energy.
What a Trump win will do to an already beaten-up NZ dollar
The kiwi has dropped by about 6% over the past month, driven by a strong US dollar.
Stock Takes: Markets brace for US election result, jobs data
The US election will not be the only thing to hit the market next week.
Meridian replaces 108-tonne transformer for power station
The transformer will help take NZ's biggest hydro station back towards maximum capacity.
China's protein consumption has changed – Rabobank
Rabobank says protein exporters need to adapt to changing consumer trends in China.
Offshore wind developer pulls pin on NZ
Offshore wind farm developer BlueFloat has pulled out of NZ, citing uncertainty.
Channel outlines energy precinct plants for Marsden Point
Channel wants to become a landlord and enabler for energy projects at Marsden Point.
Winter price spike: Big power users had options, EA says
High power prices have been blamed for the closure of several mills.
Genesis gets more coal in for next winter
Genesis is ordering extra coal in anticipation of another challenging winter next year.
NZ apple and pear revenue hits $2 billion
Future growth dependent on supportive economic and regulatory conditions.
Trap maker unleashes AI in the war against possums
The AI-powered traps can accurately distinguish between target and non-target species.
Why Grant Watson is leaving Synlait
Grant Watson explains why he is leaving a newly recapitalised Synlait Milk.
Synlait CEO resigns after restructure
Grant Watson has resigned from newly-restructured Synlait Milk.
Hundreds of jobs to go as Timaru meatworks closure confirmed
Alliance has closed its Smithfield plant, and Australian recruiters are already in town.
Stock Takes: Investors look to 2025, Rocket Lab shoots higher
The sharemarket has opted to ignore good news on the inflation and interest rates front.
NZ dairy farmers better-placed as season hits its peak
Increased dairy production and better milk prices have boosted on-farm earnings.
Contact's latest geothermal project up and running
Contact Energy's boss says it's an exciting time for geothermal energy.
'A lot of money': Meridian CEO on how dry spell, low gas supply cost it $200m
The Meridian chief executive told shareholders it had been a challenging time.