Articles by Jamie Gray
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Business
Genesis boosts coal stockpile, preps for potential power shortfall
Friday, 28 March 2025, 3:23pmGenesis Energy says it is adding more coal to its stockpile and may start up a third gas-fired Rankine unit at its Huntly...
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Business
Fonterra’s first-half profit climbs to $729m
Thursday, 20 March 2025, 11:57amFonterra has reported an 8% lift in first-half net profit to $729 million, increased its interim dividend and narrowed its...
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Business
Meridian ‘takes a hit’ from last winter, reports $121m loss, says gas is a big problem
Wednesday, 26 February 2025, 11:18amMeridian Energy has reported a $121 million loss for the first half to December after “taking a hit for New Zealand” during...
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Business
Brace for 9.7% power price rise from April, Mercury warns
Tuesday, 25 February 2025, 12:58pmMercury NZ said it expects power prices for its residential customers to rise on average by 9.7% from April. The company...
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Business
Ryman Healthcare to raise $1 billion to slash debt
Monday, 24 February 2025, 10:12amRetirement Village company Ryman Healthcare is raising about $1 billion, which it says will provide a platform for growth. The...
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Business
A2 Milk first half net profit up 7.6%, sets 8.5c dividend
Monday, 17 February 2025, 9:46amA2 Milk has upped its first half net profit by 7.6% to $91.7 million, beating market expectations. The company, which listed...
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Business
Vulcan Steel first half profit plunges 65%, slashes dividend
Tuesday, 11 February 2025, 11:36amAustralia and New Zealand steel distributor Vulcan Steel says tough economic conditions have driven its first-half profit...
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Business
F&P Healthcare says US tariffs will increase costs
Monday, 3 February 2025, 10:08amFisher & Paykel Healthcare (FPH) expects its costs to increase under a new US tariff regime but doesn’t expect the move to...
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Business
Fisher & Paykel Healthcare says new products boost profit
Thursday, 28 November 2024, 10:00amFisher & Paykel Healthcare said new products helped drive the company’s net profit up by 43% to $153.2 million in the first...
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Business
What Trump 2.0 could mean for NZ agriculture
Monday, 25 November 2024, 3:22pmUnited States President-elect Donald Trump’s return to the White House could affect Australian and New Zealand agriculture,...
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National
Auckland plant nursery ditches boiler for heat pump
Monday, 14 October 2024, 3:22pmAn Auckland plant nursery says ditching its gas-fired boiler – as part of a pilot scheme – for an electric heat pump has...
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Business
Genesis Energy takes 65% stake in ChargeNet
Wednesday, 2 October 2024, 2:45pmPower generator and retailer Genesis Energy said it will spend $64 million on taking a majority stake in ChargeNet, New Zealand’s...
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Business
Synlait plunges deeply into the red
Monday, 30 September 2024, 10:31amSynlait Milk has plunged into a deep $182.1 million loss for the July year. Most of the red ink comprised a $114.6m loss...
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Business
Synlait lifts 2024/25 milk price to $8.60/kg
Thursday, 5 September 2024, 10:11amCash-strapped Synlait Milk has increased its forecast base milk price to $8.60 per kg of milksolids from $8.00/kg. Despite...
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Business
Mercury lifts net profit, pressure on power to remain
Tuesday, 20 August 2024, 12:52pmMercury NZ lifted its net profit by 159% in the June year to $290 million, mostly due to changes in the fair value of its...
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Business
Honey exporter Comvita sinks to $16.8m loss
Monday, 29 July 2024, 11:15amChallenging trading conditions and high non-recurring expenses dragged mānuka honey maker Comvita into the red for the June...
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Business
The Warehouse takeover offer drops: Is $590m a bargain?
Tuesday, 23 July 2024, 12:18pmThe Warehouse Group says it has received a takeover offer, pitched at $1.50 to $1.70 a share, from Australian private equity...
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Business
Inland Revenue to spend $29 million on chasing tax cheats
Friday, 12 July 2024, 2:06pmInland Revenue will spend $29 million - allocated in the last Budget - on chasing up tax cheats. The department will be...
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Business
MBIE tips 81% rise in power demand by 2050
Wednesday, 3 July 2024, 2:27pmNew Zealand can expect to see an 81% increase in demand for electricity under favourable economic conditions by 2050, the...
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Business
Glenbrook to get big grid-scale battery as Contact teams up with Tesla
Monday, 1 July 2024, 9:59amContact Energy has teamed up with electric car company Tesla to build a grid-scale 100-megawatt battery at Glenbrook, at...
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Business
Expect higher generation costs: Genesis
Thursday, 27 June 2024, 11:38amGenesis Energy says reduced gas supply from the Kupe field is expected to result in higher generation costs due to increased...
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Business
‘Fantastic’: New deal extends Tiwai Point aluminium smelter's life by 20 years
Friday, 31 May 2024, 2:09pmMeridian Energy and New Zealand Aluminium Smelters (NZAS) have signed a deal to keep the plant at Tiwai Point operating for...
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Business
Fonterra looks to sell global consumer business, including Anchor brand
Thursday, 16 May 2024, 12:10pmFonterra is looking at full or partial divestment options for some or all of its global consumer business, including well-known...
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Business
Genesis Energy, FRV start $104 million Canterbury solar project
Tuesday, 23 April 2024, 2:23pmGenesis Energy and joint venture partner, FRV Australia, have begun construction of their 63 megawatt (MW) solar farm at...
