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Pattrick Smellie

Former TechDay team member

Read the latest stories by Pattrick Smellie across the TechDay network.

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Global Stories

While you were sleeping: Middle East concern lifts oil
Wall Street

While you were sleeping: Middle East concern lifts oil

Oil rose while stocks fluctuated after Saudi Arabia and its Arab Gulf allies began air strikes on Yemen, bolstering concern about disruption of supply.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015
SeaDragon signs new agreements for shark liver oil; costs jump in Nelson refinery
Data Analytics

SeaDragon signs new agreements for shark liver oil; costs jump in Nelson refinery

SeaDragon, which manufactures fish oil for health supplements, has terminated a contract with a charter vessel that supplied deep-sea shark liver oil.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015

Stories from Other Regions

Failed Feltex case costs litigation funders $3.1M in costs, before disbursements
Lawsuit

Failed Feltex case costs litigation funders $3.1M in costs, before disbursements

Former directors of Feltex Carpets and promoters of its 2004 initial public offering have been awarded a scaled-up $3.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015
NZ crossbred wool falls to two-month low amid stronger currency, weaker demand
New Zealand Dollar

NZ crossbred wool falls to two-month low amid stronger currency, weaker demand

New Zealand crossbred wool, which accounts for the majority of New Zealand's production, fell to a two-month low at the South Island auction yesterday.

By Pattrick Smellie • 2 min read • Fri, 27th Mar 2015
Inflation target at 2% risks overheated economy, says BNZ
Bank of New Zealand

Inflation target at 2% risks overheated economy, says BNZ

Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank.

By Pattrick Smellie • 4 min read • Fri, 27th Mar 2015
NZ milk powder futures drop as Fonterra lifts GDT volumes, signalling prices will fall
Fonterra

NZ milk powder futures drop as Fonterra lifts GDT volumes, signalling prices will fall

New Zealand whole milk powder futures dropped after Fonterra Cooperative Group said it will increase the volume of product it puts up for sale on the.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015
Hallenstein lifts profit 40% as it claws back market share
Hyperscale

Hallenstein lifts profit 40% as it claws back market share

Hallenstein Glasson, the fast-fashion clothing chain, lifted first-half profit 40 percent, beating its guidance, as it clawed back market share in a c.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015
NZX launches 3 new ETFs
NZX

NZX launches 3 new ETFs

NZX's Smartshares unit, which is being combined with new acquisition Superlife this year, is launching three more exchange traded funds, giving invest.

By Pattrick Smellie • 2 min read • Fri, 27th Mar 2015
NZ dollar reverses overnight gain on weaker dairy price concerns
New Zealand Dollar

NZ dollar reverses overnight gain on weaker dairy price concerns

The New Zealand dollar fell as dairy futures weakened, raising concern about the outlook for the country's largest export commodity.

By Pattrick Smellie • 2 min read • Fri, 27th Mar 2015
ComCom likely to approve Cavalier, NZ Wool Services to merge scouring operations
Commerce Commission

ComCom likely to approve Cavalier, NZ Wool Services to merge scouring operations

The Commerce Commission is likely to allow Cavalier Wool Holdings and New Zealand Wool Services International to merge their two wool scouring operati.

By Pattrick Smellie • 2 min read • Thu, 26th Mar 2015
MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra
Air New Zealand

MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra

New Zealand shares fell, paced by Fletcher Building and Air New Zealand, as a global sell off weighed on local stocks.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015
NZ dollar extends slide against euro, greenback as Yellen speech awaited
New Zealand Dollar

NZ dollar extends slide against euro, greenback as Yellen speech awaited

The New Zealand dollar extended its slide against the euro after a stronger-than-expected survey of German business confidence left traders short of t.

By Pattrick Smellie • 2 min read • Thu, 26th Mar 2015
NZX plans to launch equity options trading on April 24
Risk & Compliance

NZX plans to launch equity options trading on April 24

NZX, which operates New Zealand's stock market, plans to start offering equity options trading in three stocks as it seeks to develop the nation's cap.

By Pattrick Smellie • 1 min read • Thu, 26th Mar 2015
New Zealand's commercial property lending less risky now due to lower debt funding
Reserve Bank of New Zealand

New Zealand's commercial property lending less risky now due to lower debt funding

The Reserve Bank said New Zealand's $180 billion commercial property sector has become less risky since the global financial crisis because a reduced.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015
Update: Hotchin settles with Perpetual before appeal to draw into FMA case
Fintech

Update: Hotchin settles with Perpetual before appeal to draw into FMA case

Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leav.

By Pattrick Smellie • 2 min read • Thu, 26th Mar 2015
Hotchin drops Perpetual in appeal case
Fintech

Hotchin drops Perpetual in appeal case

Mark Hotchin, principal of failed finance company Hanover, has abandoned his appeal against Perpetual Trust to include them in the Financial Markets A.

By Pattrick Smellie • 2 min read • Thu, 26th Mar 2015
MetService expects FY earnings to drop on delay in inking new MoT contract
Metservice

MetService expects FY earnings to drop on delay in inking new MoT contract

Meteorological Service of New Zealand, the state-owned weather bureau, says annual earnings will be $2 million less than estimated because of delays f.

By Pattrick Smellie • 2 min read • Thu, 26th Mar 2015
Kiwi company Milmeq wins innovation award after doubling export revenue in two years
NZTE

Kiwi company Milmeq wins innovation award after doubling export revenue in two years

Milmeq, which designs, engineers and manufactures systems for primary food processing, has doubled export revenue in the past two years.

By Pattrick Smellie • 5 min read • Thu, 26th Mar 2015