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
Market close: Interest rate-sensitive stocks drive NZ sharemarket higher
Expectations of interest rate cuts helped push NZ stock values up.
NZ Super Fund-backed Kaingaroa Timberlands expands with Waikato land purchase
Kaingaroa Timberlands has bought 9200ha of forestry land in South Waikato.
'Least upbeat': Construction sector struggles as demand weakens
But the retail sector is optimistic, with 40% expecting better conditions soon.
'Actively exploring options': Genesis eyes new fast-start plant
Genesis plans a new fast-start plant at Huntly of up to 100MW by winter 2027.
Watercare secures $3.4b debt facility, largest for NZ corporate
Securing the bank debt marks Watercare's financial independence.
'Change their footprint': Kiwi start-up's plan to shave $1200 a year off household power bills
Basis plans to install over 50,000 smart panels globally in the next 24 months.
'Pick up the pace': NZ needs faster progress on energy projects
Transpower highlights the need for more electricity generation amid declining gas.
'Dark clouds globally are impeding risk-taking' - ANZ
ANZ's June business confidence survey showed conditions were mixed.
Market close: Market leaders Infratil and Spark drive sharemarket higher
New Zealand shares ended firmer after Infratil and Spark posted gains.
Stock Takes: Why NZ's sharemarket is falling behind global counterparts
The New Zealand sharemarket has fallen 5% in the first half, while others have gained.
Xero to acquire US platform Melio in $4.1b deal
Accounting software firm Xero plans to buy Melio for US$2.5b.
Auditor-General warns of investment need for electricity reliability
Achieving net zero by 2050 will require increased spending in the electricity sector.
How NZ exporters can seize the moment amid US-China trade disruptions
Peloris says US-China trade friction could open doors for NZ fresh food exporters.
Fletcher, Acciona settle Puhoi motorway dispute
Fletcher Building says it will gain $56 million from the Puhoi motorway settlement.
Stock Takes: In play - more firms eyed for takeover as economy remains sluggish
BGH's tilt at Tourism Holdings has sparked more merger and acquisition speculation.
Big four power firms near deal to secure Huntly's back-up role
New Zealand's big power generators want to offset dry-year risk.
Kiwi dollar rises 7.5% as US dollar wanes under global shifts
Concerns about the US dollar have seen other currencies gain, including the NZ dollar.
'Dark horse' emerges: Meiji named as potential bidder for Fonterra's Mainland
Japanese food group Meiji is listed on the Nikkei 225.
Why energy is set to be a hot topic in next year's election
Meridian’s new CEO shares his thoughts on sector scrutiny amid electricity challenges.
Market close: NZ sharemarket falls as Israel-Iran tensions spike oil prices
New Zealand share prices tumbled after Israel attacked Iran.
Stock Takes: Why NZ's largest firms are suddenly ripe for takeover talks
Fletcher Building, Spark and Ryman are potentially all on the radar.
Strong demand driving NZ primary exports to record high
Dairy export revenue has lifted 16% to a record $27 billion.
'No decisions made': Fletcher responds to sale inquiries amid review
Fletcher received enquiries for its construction division amid a strategic review.
ASB offers $150,000 interest-free loans for farm solar systems
Farmers could expect to get payback from as early as the sixth year of generation.
NZ's power system well-placed for winter - analyst
Lake levels are close to average, easing fears of a power shortage.
Market close: NZ stocks end flat amid Fletcher-SkyCity legal woes
Fletcher Building shares closed down 8c or 2.5% at $3.07.
Stock Takes: Why more Kiwis are taking a punt on Wall St
Plus: Auckland Airport and Spark are back in favour with analysts at Morningstar.
'A Swiss army knife': Genesis CEO extols new Huntly battery project
The project will boost the key station's flexibility, says chief executive Malcolm Johns.
'Essential back-up': Huntly battery to bolster NZ energy supply
Genesis is building a $150m battery at Huntly Power Station.
Why NZ's electricity market faces calls for major reform
Consumer NZ calls for separation of power firms' generation and retail roles.
Slower global growth to weigh on NZ's economic recovery - OECD
The OECD says the world's economic prospects are waning, just as NZ starts to recover.
NZAS to ramp up production early as hydro storage improves
Higher lake levels mean the smelter can ramp up production earlier than expected.
Market close: NZ stocks end week strongly
Lower bond yields have helped drive the NZ sharemarket sharply higher at the close.
'Morbid fascination': Bond yield spikes unsettle investors
Rising world bond yields are unsettling sharemarket investors.
Sybos sells $951.9m in Ebos shares, reduces stake to 4.9%
Sybos sold 27m Ebos shares - first sale since 2020.
$15b boost to NZ economy: Fonterra sets milk price forecast and earnings
Fonterra forecasts a milk price range of $8-$11 per kg for the 2025/26 season.
Why F&P Healthcare's growth story remains strong despite US tariffs
Fisher and Paykel Healthcare reported a 43% net profit increase to $377.2 million.
'It is a cash grab, plain and simple': 77% port fee hike sparks industry outrage
The change may add $25m annually to costs during a cost-of-living crisis.
A2 Milk silent on A$350m acquisition talk
Australian media report says the company will soon make a move for manufacturing assets.
US tariffs cloud Fisher and Paykel Healthcare's outlook
About 43% of FPH's revenue for the first half of the year came from the US.
'Resilience': Turners' profit thrives amid tough economic climate
Turners Automotive reported a record net profit of $38.6m, up 17%.
Power shift: How Meridian's $186m battery will influence energy market
Meridian's Ruakākā Bess is NZ's first large-scale grid battery storage system.
Market close: NZ sharemarket falls as interest rates take centre stage
New Zealand's sharemarket largely ignored the Budget to end weaker.
Stock Takes: Why Ryman Healthcare has fallen out of favour with investors
An overhang on the stock is weighing on the retirement village operator's share price.
Why the Government's $200m gas move marks a major shift in energy policy
Meanwhile, Greenpeace has described it as a 'Scorched Earth Budget'.
'Surpassed a significant milestone': Zespri hits $5b in kiwifruit sales
Zespri sold a record 220.9 million trays, up from 164.2 million in 2023-24.
Dairy prices end NZ season on a flat note, will they stay high in 2026?
The Global Dairy Trade auction ends flat as prices support Fonterra's $10/kg forecast.
Former Fisher manager David McLeish takes on banks with new savings fund
Former Fisher Funds fund manager David McLeish launches Wedge
Budget to reveal high watermark for $132b government debt
Economists expect Thursday's Budget to mark peak government debt levels.
Market close: NZ stocks end weaker after a strong start to May
Falls in Fletcher Building and F&P Healthcare drove the sharemarket lower.
Stock Takes: 'Unlikely to impact' - analyst downplays Fonterra-Bega legal dispute
Analyst says risks in Fonterra-Bega legal tangle have been overstated.
'Removes unnecessary red tape': NZX on new IPO rules
NZX says new market rules will free up the capital raising process.
Vector hires advisers for strategic review of fibre business
Auckland's Vector has appointed Barrenjoey to review its fibre business,
NZX chief sees rising interest as Govt eases capital market rules
The NZ capital market faces challenges, but NZX says reform will bring improvements.
NZ sharemarket rises on open after US stocks rally 2.8% on US-China tariff announcement
US President Donald Trump announced a "total reset" of relations with China overnight.
Why Bremworth is returning to synthetic carpets after three years
Bremworth will make synthetic carpets again, reversing a 2020 decision.
Stock Takes: Will reporting season see the end of a bear market?
Fisher and Paykel Healthcare will be the main event when it reports on May 28.
'Like a Band-Aid': Methanex deal highlights energy supply challenges
Contact is buying 2.8 petajoules of gas from Methanex over eight weeks.
ANZ NZ's first-half profit edges up to $1.16 billion
Chief executive Antonia Watson says the flat result reflects the state of the economy.
NZ banks face repaying $9.2b in cheap Covid loans in coming months
The money was borrowed during Covid times at a very low interest rate.
'Significant risk': Tariffs heighten volatility, Reserve Bank warns
Banks have strong capital to maintain credit flows amid market volatility.
SkyCity blames worsening market conditions for earnings downgrade
SkyCity says worsening market conditions will affect its June year 2025 result.
Market close: Mainfreight drives another strong NZ finish
Logistics firm's rally helped push the New Zealand sharemarket to a higher close.
Stock Takes: Rain not enough to stop dry weather from hurting NZ power company earnings
Mercury, Meridian and Manawa are likely to be hit hardest by the earlier drought.
'Milestone' solar farm: Genesis powers 13,000 homes with new site
Genesis says its new solar farm will produce enough power to supply Ashburton.
Fonterra says NSW court decision will not change Mainland sale plans
Fonterra says plans to divest its global consumer businesses are unchanged.
US tariffs to hit Delegat Group's 2025 earnings
The wine company has lowered its earnings outlook due to a 10% tariff.
'Our planning laws are a mess': Top CEO on 'whims and fancies' stopping big projects
Mike Fuge says that is not appropriate when we have such an important job ahead
Stock Takes: NZ shares are down, but not out
New Zealand's sharemarket is in correction mode, but is faring better than others.
'Energy security': Genesis keen to keep Huntly unit running
Genesis says talks are continuing about keeping Huntly's Rankines going for longer.
Dry start to year prompts Transpower to clarify hydro storage access
Transpower says no to generators' request to free up more water for hydro generation.
Lodestone investors put up another $50m for solar projects
Lodestone investors have put up another $50 million for new solar projects,
Market turmoil drives NZ dollar sharply higher
The New Zealand dollar has rallied sharply amid turmoil on international markets.
Chicken exports normalising after flu outbreak – MPI
Chicken exports are getting back to normal, MPI says.
Stock Takes: Who’s lining up to buy Fonterra’s Mainland and how much is it worth?
Fonterra's Mainland sale process continues despite a turbulent sharemarket.
Market close: NZ stocks weather two earnings downgrades to end firm
New Zealand stocks ended strongly, despite earnings downgrades and offshore trends.
Dry weather lowers Mercury NZ's earnings forecast by $60m
Mercury's earnings will be affected by dry weather this financial year.
Stock Takes: How Sharesies investors responded to ‘Liberation Day ’ convulsions
Sharesies investors have opted to play safe during convulsions on world markets.
Shocking: Alpine Energy owes electricity customers $16.9m after accounting error
Commerce Commission warns Alpine Energy over "serious and preventable” breaches.