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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

NZ Dollar Outlook: Kiwi at the mercy of overseas moves this week
Fonterra

NZ Dollar Outlook: Kiwi at the mercy of overseas moves this week

The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases.

By Pattrick Smellie • 3 min read • Mon, 2nd Mar 2015
PayPal stops processing Mega payments; NZX listing still on
Encryption

PayPal stops processing Mega payments; NZX listing still on

PayPal has ceased processing payments for Mega, the storage and encryption firm looking to join the New Zealand stock market via a reverse listing.

By Pattrick Smellie • 3 min read • Mon, 2nd Mar 2015
World Week Ahead: US jobs data, Yellen speaks
Inflation

World Week Ahead: US jobs data, Yellen speaks

The latest US jobs data will take centre stage this week as investors refocus on the state of the economy as they refine their bets on when the Federa.

By Pattrick Smellie • 4 min read • Mon, 2nd Mar 2015
Winemaker Delegat says increased sales due to North American consumers trading up
Delegat

Winemaker Delegat says increased sales due to North American consumers trading up

Consumers trading up to premium wine and an improved economy is behind a 19 percent boost in North American sales to 425,000 cases.

By Pattrick Smellie • 3 min read • Fri, 27th Feb 2015
Winemaker Delegat posts 45% drop in 1H profit despite rising sales
NZX

Winemaker Delegat posts 45% drop in 1H profit despite rising sales

Delegat Group, New Zealand's largest listed wine company, has posted a 45 per cent drop in first-half profit, mainly caused by a $10.

By Pattrick Smellie • 3 min read • Fri, 27th Feb 2015

Stories from Other Regions

NZ dollar gains after Chinese central bank cuts rates to stimulate demand
NZX

NZ dollar gains after Chinese central bank cuts rates to stimulate demand

The New Zealand dollar advanced on expectations a reduction in interest rates in China may stimulate demand for New Zealand commodities in the country.

By Pattrick Smellie • 2 min read • Mon, 2nd Mar 2015
Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue
Supply Chain

Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue

Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its annual loss as sales dropped 35 percent.

By Pattrick Smellie • 2 min read • Mon, 2nd Mar 2015
TSB Bank writes off $53.9 mln Solid Energy debt; Fitch affirms A- rating
Solid Energy

TSB Bank writes off $53.9 mln Solid Energy debt; Fitch affirms A- rating

TSB Bank counts £43.1m loss as Solid Energy debt erased, yet Fitch keeps stable A- credit score amidst challenges.

By Pattrick Smellie • 2 min read • Sat, 28th Feb 2015
Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln
Shares

Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mln

Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adj.

By Pattrick Smellie • 2 min read • Sat, 28th Feb 2015
Solid Energy delays first-half report, says future coal price weights on debt repayment
Power / Energy

Solid Energy delays first-half report, says future coal price weights on debt repayment

Solid Energy, the state-owned coal miner whose chair Pip Dunphy stepped down this week, will delay reporting its first-half accounts.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Bathurst sinks into the red in first-half, still waiting for coal price to turn around
Shares

Bathurst sinks into the red in first-half, still waiting for coal price to turn around

Bathurst Resources, which last year wrote off the value of assets covered by its Buller coal project, posted a first-half loss as it continues to wait.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
NZ business confidence gains in February as agri sector gets more upbeat
Employment

NZ business confidence gains in February as agri sector gets more upbeat

New Zealand business confidence improved in February as recent gains in dairy prices turned sentiment around in the agriculture sector, and as low int.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes
Shares

Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes

Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, increased first-half earnings.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year
Shares

Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year

Marsden Maritime reports a solid 5.7% profit rise in H1, with full-year gains set to echo last year's figures amid steady cargo flow.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Precinct raises $73.6 million from instos in capital raising
Fundraising

Precinct raises $73.6 million from instos in capital raising

Precinct Properties raises NZD $73.6 million from institutional investors, gearing up for its retail offer to fund major Auckland developments.

By Pattrick Smellie • 1 min read • Fri, 27th Feb 2015
NZ building consents fall for a second month in January, housing permits drop
Reserve Bank of New Zealand

NZ building consents fall for a second month in January, housing permits drop

New Zealand residential building consents declined for a second month in January, with new housing permits falling at their sharpest pace since August.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015
Allied Farmers posts 1H profit, says uncertain dairy sales may weigh on 2H
Shares

Allied Farmers posts 1H profit, says uncertain dairy sales may weigh on 2H

Allied Farmers, which is rebuilding after taking over the failed Hanover and United Finance loan books, turned to a profit in the first-half.

By Pattrick Smellie • 3 min read • Fri, 27th Feb 2015
Transpower hikes 1H dividend, warns of regulatory threat to future earnings
Government

Transpower hikes 1H dividend, warns of regulatory threat to future earnings

Transpower, the state-owned operator of the national electricity grid, hiked its first-half dividend to the government as revenue gained.

By Pattrick Smellie • 2 min read • Fri, 27th Feb 2015