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Pattrick Smellie

Former IndustrialDay team member

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

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Kiwi Stories

Written by Pattrick

NZ central bank, in neutral, will weigh drought, higher TWI in revising forecasts
Economics

NZ central bank, in neutral, will weigh drought, higher TWI in revising forecasts

The Reserve Bank of New Zealand will probably keep interest rates unchanged this week, reiterating that monetary policy is in neutral, while revising.

By Pattrick Smellie • 4 min read • Mon, 9th Mar 2015
NZ Dollar Outlook: Kiwi may decline on greenback strength as RBNZ remains on hold
New Zealand Dollar

NZ Dollar Outlook: Kiwi may decline on greenback strength as RBNZ remains on hold

The New Zealand dollar may decline this week as the greenback strengthens on optimism the US economy is gearing up for interest rate rises.

By Pattrick Smellie • 2 min read • Mon, 9th Mar 2015
Serko says full-year revenue to miss forecast, warns on 2016 sales
Serko

Serko says full-year revenue to miss forecast, warns on 2016 sales

Serko, the online online travel booking business, warned annual revenue will miss its prospectus forecast by up to 6 percent as some billable services.

By Pattrick Smellie • 2 min read • Mon, 9th Mar 2015
NZ dollar tumbles after strong US jobs data increases chances of Fed hike in June
New Zealand Dollar

NZ dollar tumbles after strong US jobs data increases chances of Fed hike in June

The New Zealand dollar fell to its lowest in more than three weeks as the greenback soared after better-than-expected US jobs data boosted speculation.

By Pattrick Smellie • 2 min read • Mon, 9th Mar 2015
Blue Chip's Bryers banned from managing NZ firms for 7 more years, bankruptcy lifted
Blue Chip

Blue Chip's Bryers banned from managing NZ firms for 7 more years, bankruptcy lifted

Former Blue Chip boss Mark Bryers has been discharged from his five-and-a-half year bankruptcy, though he's banned from acting as a manager or directo.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
MARKET CLOSE: NZX 50 rises to record led by Genesis on yield hunt
Power / Energy

MARKET CLOSE: NZX 50 rises to record led by Genesis on yield hunt

New Zealand shares rose led by Genesis Energy and paced by Spark New Zealand, as the international hunt for income paying investment returned.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
Chatham Rock seeks another $1.25M to pursue new seabed mining licence
NZAX

Chatham Rock seeks another $1.25M to pursue new seabed mining licence

Chatham Rock aims to secure £1.25M for a fresh stab at offshore mining rights, amidst pay cuts and legislative battles.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
UPDATE: Transport and logistics provider Fliway offering IPO at $1.20 to $1.40 per share
Capital

UPDATE: Transport and logistics provider Fliway offering IPO at $1.20 to $1.40 per share

Fliway Group, the transport and logistics provider behind the first float on the NZX this year, is hoping to raise between $27.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
NZ wool market mixed amid targeted buying
NZX

NZ wool market mixed amid targeted buying

New Zealand crossbred wool, which accounts for the majority of the country's production, rose to a three-and-a-half month high this week on lower volu.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
Fliway Group seeks up to $44.5 million in first IPO of the year
Supply Chain

Fliway Group seeks up to $44.5 million in first IPO of the year

Fliway Group aims to raise USD $27.3 million to USD $44.5 million in the first IPO on the NZX this year, valuing the firm at up to USD $75 million.

By Pattrick Smellie • 4 min read • Fri, 6th Mar 2015
NZ wholesale trade rises for third quarter in December
Financial results

NZ wholesale trade rises for third quarter in December

New Zealand's wholesale trade grew for a third quarter in the final three months of 2014, with increased activity for apparel, pharmaceuticals and fur.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
Air NZ bins automatic travel insurance after warning from ComCom
Commerce Commission

Air NZ bins automatic travel insurance after warning from ComCom

Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commissi.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
Warehouse lowers annual profit, dividend forecast on weaker trading
Noel Leeming

Warehouse lowers annual profit, dividend forecast on weaker trading

Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first-half earnings as.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody's
Government

NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody's

New Zealand's economy is expected to grow at an annual pace close to three percent this year as increased building activity in its two biggest cities,.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015

Global Stories

Written by Pattrick

Kiwi start-up Glassjar launches payments app in the US
Glassjar

Kiwi start-up Glassjar launches payments app in the US

Glassjar, the kiwi software start-up whose app provides people an easy way of sharing bills, has launched in the United States.

By Pattrick Smellie • 2 min read • Fri, 6th Mar 2015
Warehouse eyes costs, better products as it targets earnings growth
The Warehouse Group

Warehouse eyes costs, better products as it targets earnings growth

Warehouse Group is turning its focus to reducing costs and improving its products and productivity as it seeks to get a return from its increased spen.

By Pattrick Smellie • 4 min read • Fri, 6th Mar 2015
Banks relieved as RBNZ drops '5-plus' test for home loans
Bank of New Zealand

Banks relieved as RBNZ drops '5-plus' test for home loans

The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015
NZ dollar falls after RBNZ looks for ways to curb residential property investment
Reserve Bank of New Zealand

NZ dollar falls after RBNZ looks for ways to curb residential property investment

The New Zealand dollar fell after the Reserve Bank said it is looking at ways to curb lending to residential property investors, which could pave the.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015