Jamie Gray

Auckland

Reporter at Bay of Plenty Times

Business Reporter at New Zealand Herald

Business Reporter, New Zealand Herald.

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Articles

How Sharesies investors responded to ‘Liberation Day ’ convulsions - Stock Takes

2 weeks ago | nzherald.co.nz | Jamie Gray |“By comparison

“Now, we’re seeing those impacts and Sharesies’ investors are bracing for the bumpy ride, while still staying adaptable,” Sharesies said. “We’re still seeing net buying, but there was some increase in selling over the weekend.”However, it was from a small subset of Sharesies’ customer base who were typically active, so this wasn’t outside their expected activity, it said.
Shocking: Alpine Energy owes electricity customers $16.9m after accounting error

2 weeks ago | nzherald.co.nz | Jamie Gray

The Commerce Commission says Alpine Energy overcharged customers by $16.9m. Photo / NZME The Commerce Commission has issued a warning to South Canterbury-based lines company Alpine Energy after an accounting error resulted in it overcharging customers by $16.9 million. Commissioner Vhari McWha said its focus was on ensuring Alpine returned the money to customers, with additional funds committed in recognition of the harm the error caused the wider community.
Trump’s Liberation Day move depresses NZ wholesale interest rates, Kiwi dollar

2 weeks ago | nzherald.co.nz | Jamie Gray

Concerns about the Chinese economy are weighing on the NZ dollar. Art / Rod EmmersonUnited States President Donald Trump’s “Liberation Day” tariffs have served to drive local interest rates and the New Zealand dollar lower. Ongoing fallout from the wide-ranging tariff regime is bound to get a mention from the Reserve Bank (RBNZ) when it releases its Official Cash Rate (OCR) rate review on Wednesday.
‘A rough day ahead’ as NZ stocks drop after market meltdown

2 weeks ago | nzherald.co.nz | Jamie Gray

US President Donald Trump holds up a chart of new tariffs last week. Photo / Getty ImagesThe New Zealand sharemarket dropped 2% at the open and looks set for a rough day after overseas markets were aggressively sold down following the announcement of worse-than-expected US tariffs last week by President Donald Trump. After a few minutes the S&P/NZX50 Index was down 249 pionts, led by a fall in he market’s biggest stock F&P Heathcare, which dropped 4.8%.
Rain takes pressure off NZ hydro lakes, for now

2 weeks ago | nzherald.co.nz | Jamie Gray

The fate of electricity companies relies on lake levels such as those at Lake Pukaki. Photo / NZMEHeavy rain is taking pressure off the country’s hydro lakes, but more is needed to make up for the abnormally dry start to 2025, Chris Ewers, Meridian Energy’s general manager wholesale, said. Wholesale power prices have been steadily increasing since the start of the year due to dry and calm weather, this week hitting $400 per megawatt hour (MWh) and over.
Kiwi electric fence maker Gallagher takes full control of European unit

3 weeks ago | nzherald.co.nz | Jamie Gray

Lisbeth Jacobs, chief executive, Gallagher Group animal management division. Photo / SuppliedGallagher Group has acquired the Dijkstra family’s controlling shareholding of Gallagher Europe, an agritech business based in the Netherlands. Hamilton-based Gallagher said that for nearly 50 years the Dijkstra family had led Gallagher Europe, helping to grow the brand across the continent. The deal, completed on March 31, will bring around 130 people into the global Gallagher Group, it said.
NZ stocks weaken after turmoil on world markets

3 weeks ago | nzherald.co.nz | Jamie Gray

Markets have been volatile in the aftermath of yesterday's announcement of US tariff increases. Photo / NZME New Zealand shares opened weaker after Wall Street put on its biggest decline since the depths of the Covid-19 crisis in 2020. After a few minutes, the S&P/NZX50 Index had dropped by 1.04% to 12,209 points. Volume was light. United States President Donald Trump’s tariff offensive threw global markets into a spin on Thursday, S&P 500 and Nasdaq Composite dropping by 4.8% and 6%, respectively.
NZ sharemarket’s winners and losers from a dismal first quarter - Stock Takes

3 weeks ago | nzherald.co.nz | Jamie Gray

The Commerce Commission has said Auckland International Airport's projected airline charges would have been too high. Photo / NZME The New Zealand sharemarket’s performance over the first quarter was the worst in almost three years, mostly reflecting lower corporate earnings but also turmoil on world markets. The key benchmark S&P/NZX50 Gross index - which includes dividends - fell by 6.4% over the quarter, but the local market was not the only one to fare badly.
What KiwiSaver investors should do after a bad start to 2025 for world sharemarkets

3 weeks ago | nzherald.co.nz | Jamie Gray

KiwiSaver investors need to stay the course. Photo / Getty It’s been a volatile start to 2025 for the world’s financial markets, but KiwiSaver investors look to be sticking with their chosen funds, John Berry, chief executive and co-founder of Pathfinder, says. US stocks have posted their worst quarter since 2022 as worries about the disruption arising from US President Donald Trump’s tariffs weighed heavily on investor sentiment.
Commerce Commission puts off Contact-Manawa takeover decision to May 9

3 weeks ago | nzherald.co.nz | Jamie Gray

The Commerce Commission has delayed its decision on whether Contact can take over Manawa Energy. The Commerce Commission says its decision on whether Contact Energy can take over Manawa Energy has been delayed until May 9. A decision had been expected today, but the commission updated its case register this morning to reflect the new decision date. If the deal proceeds, it will be one of the biggest energy deals since the partial privatisation of the electricity market a decade ago.