Articles by Jamie Gray
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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...
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Business
PGG Wrightson downgrades forecast as trading conditions worsen
Thursday, 18 April 2024, 2:50pmRural services firm PGG Wrightson has revised down its operating earnings guidance for the current June year due to deteriorating...
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Business
All but two KiwiSaver funds produced positive returns in December quarter – Morningstar
Wednesday, 14 February 2024, 10:45amAll but two KiwiSaver funds produced positive returns in the December 2023 quarter – research firm Morningstar said. Morningstar...
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Business
Transpower seeks higher charges to fund $4.7b grid upgrade
Tuesday, 21 November 2023, 2:44pmTranspower wants to raise its transmission charges to help pay for a $4.7 billion upgrade of the national power grid. State-owned...
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Business
Fonterra ups milk price forecast to $7.25/kg midpoint
Monday, 9 October 2023, 10:42amFonterra said it had raised its 2023/24 forecast farmgate milk price range to $6.50 - $8.00 per kgMS, with a new midpoint...
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Business
How will NZ's big four banks withstand banking inquiry?
Thursday, 31 August 2023, 4:36pmRatings agency S&P Global said New Zealand’s four major Australian-owned banks would continue to dominate the local banking...
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Business
Meridian wrings more power out of Benmore, Manapouri
Monday, 26 June 2023, 2:15pmMeridian Energy has increased the capacity of individual units at its Benmore Power Station as part of a broader programme...
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Business
A2 Milk makes sweeping changes to US, Mataura Valley team
Tuesday, 9 May 2023, 2:09pmA2 Milk has unveiled staff changes as it pursues a strategy of transforming its supply chain and accelerating the path to...
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Business
Synlait Milk’s first half profit slumps 83pc on reduced demand
Monday, 27 March 2023, 9:41amSynlait Milk said its first half net profit fell by 83 per cent to $4.8 million, driven by reduced forecast demand for infant...
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Business
ComCom zaps Vector sale and leaseback plan
Friday, 23 December 2022, 3:36pmA Commerce Commission investigation has led to a backdown by New Zealand’s largest electricity distribution business, Vector,...
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Business
NZ June quarter inflation seen blipping higher on petrol price spike
Monday, 15 July 2019, 6:55amKey inflation data due out tomorrow is likely show a slight uptick in prices over the June quarter due to higher petrol costs,...
