Jamie Gray

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

Xero chief executive Sukhinder Singh Cassidy. Photo / SuppliedWellington-based Xero plans to buy Melio, a leading US business-to-business bill paying platform, in a cash and share deal worth US$2.5 billion ($4.1b). Melio integrates accounting and payments, offering US SMBs (small to medium sized businesses) and their advisers easy-to-use accounts payable workflows and a wide choice of payment methods, Xero, an accounting software platform, said.

4 days ago | nzherald.co.nz | Jamie Gray

Danone Nutricia's manufacturing facility at Balclutha. Photo / Supplied Infant formula maker Danone Nutricia NZ, part of the giant French food company Danone Group, lifted its net profit by 50% to $29.3 million in 2024. A filing with the Companies Office revealed Danone NZ’s full-year revenue was $591.99m, up 32%. Danone NZ nearly doubled its dividend paid to Danone Asia Pacific to $19.8m.

4 days ago | nzherald.co.nz | Jamie Gray

Significant additional investment in New Zealand’s critical infrastructure will be required if the electricity sector is to maintain reliable supply, a report from the office of the Auditor-General says. The sector will also need to spend more if New Zealand’s “net zero” carbon targets are to be achieved by 2050, the office said in a report arising from its audits of power distributors over 2023/24.

5 days ago | nzherald.co.nz | Jamie Gray

Peloris co-founder Peter Verry sees opportunities to get more New Zealand products into China. Photo / SuppliedPeloris Group, which specialises in exporting fresh food to China, says opportunities are opening up for New Zealand and Australian producers while Sino-US trade relations remain strained. Co-founder Peter Verry says if Australia and New Zealand producers can meet China’s quality and supply standards, then they could benefit from the trade rift between the world’s two biggest economies.

5 days ago | nzherald.co.nz | Jamie Gray

Fletcher Building has settled with NZ Transport over the delayed Puhoi to Warkworth motorway. Photo / Supplied Fletcher Building and its 50% joint venture partner Acciona have reached a settlement with the NZ Transport Agency and the Northern Express Group over Covid-related delays to the construction of the Puhoi to Warkworth motorway. The motorway opened in June 2023, well beyond its original December 2021 scheduled opening.