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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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Kiwi Stories

Written by Pattrick

NZX's SuperLife may end up controlling unprofitable, cash-strapped Energy Mad
Energy Mad

NZX's SuperLife may end up controlling unprofitable, cash-strapped Energy Mad

SuperLife, the funds management firm acquired by NZX in December, may end up with a controlling stake in unprofitable lightbulb maker Energy Mad af.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015
Airwork affirms annual profit growth forecast; flags slowdown in helicopter trading
Shares

Airwork affirms annual profit growth forecast; flags slowdown in helicopter trading

Airwork Holdings, the listed aviation business, still expects annual earnings to climb 48 percent this financial year even as a slowdown in helicop.

By Pattrick Smellie • 2 min read • Wed, 11th Feb 2015
While you were sleeping: Optimism for Greek debt deal
Exxon Mobil

While you were sleeping: Optimism for Greek debt deal

Equities on both sides of the Atlantic advanced amid speculation Greece and its international lenders will reach a deal soon that would safeguard t.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015
Millennium & Copthorne lifts annual profit 11%, on the back of CDL gains
Quantum Computing

Millennium & Copthorne lifts annual profit 11%, on the back of CDL gains

Millennium & Copthorne Hotels New Zealand, one of New Zealand's largest hotel operators, has lifted annual profit 11 percent and its dividend after.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
NZ dollar may extend gains as traders question greenback's ability to keep rising
Microsoft

NZ dollar may extend gains as traders question greenback's ability to keep rising

The New Zealand dollar may extend its gains, buoyed by a recovery in dairy prices, relatively high interest rates and questions about the greenback.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
National 'won't walk away' from SkyCity convention centre deal, says Little
Government

National 'won't walk away' from SkyCity convention centre deal, says Little

The government will do whatever it can to ensure the Auckland convention centre is built under a deal with SkyCity Entertainment Group, said Labour.

By Pattrick Smellie • 3 min read • Tue, 10th Feb 2015
RESEND: NZ councils in good financial health with debt costs dropping but future funding still a concern
Risk & Compliance

RESEND: NZ councils in good financial health with debt costs dropping but future funding still a concern

A funding review of New Zealand local councils shows debt is less than forecast and all are operating within their financial covenants.

By Pattrick Smellie • 4 min read • Tue, 10th Feb 2015
NZ government names taskforce to slash property sector red tape
Physical Security

NZ government names taskforce to slash property sector red tape

Paula Bennett, minister of local government, has appointed a rules reduction taskforce with the intent to slash regulatory red tape in the property.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
Argosy buys 5 Wellington industrial properties for $59 million
Argosy Property

Argosy buys 5 Wellington industrial properties for $59 million

Argosy Property, the listed property investor, has spent $59 million buying five industrial sites in Wellington as part of a plan to reduce exposur.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
NZ dollar gains as Greek talks with eurozone officials eyed
New Zealand Dollar

NZ dollar gains as Greek talks with eurozone officials eyed

The New Zealand dollar gained, clawing back much of the ground lost in the wake of a stronger-than-expected US jobs report as traders eye developme.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015
MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes
NZX

MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes

New Zealand shares fell from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite for re.

By Pattrick Smellie • 3 min read • Mon, 9th Feb 2015
UPDATE: Van Heeren's former business partner Michael Kidd seeks US$25M
Partners

UPDATE: Van Heeren's former business partner Michael Kidd seeks US$25M

South Africa-based Michael Kidd is seeking US$25 million from his former partner, high-flying businessman Alex van Heeren, who is disputing they ev.

By Pattrick Smellie • 4 min read • Mon, 9th Feb 2015
Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake
Shares

Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake

Salt Funds Management has cemented its position as a key player by acquiring a 7.8% share in Methven, betting on the company's growth.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015

Global Stories

Written by Pattrick

Spark's Revera sued by consultant claiming fee related to 2012 sale
Revera

Spark's Revera sued by consultant claiming fee related to 2012 sale

Revera faces a lawsuit from consultant Wilhelmus Giesbers, who alleges a missed USD $3.1 million commission from Revera's 2013 sale to Spark New Zealand.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
Enprise could raise $4.8 million in share purchase plan to fund expansion
Unified Communications

Enprise could raise $4.8 million in share purchase plan to fund expansion

Enprise Group, the software company that listed on the NZAX in December, may raise as much as $4.8 million in a share purchase plan to fund its expans.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
Enprise could raise $4.8 mln in share purchase plan to fund expansion
Unified Communications

Enprise could raise $4.8 mln in share purchase plan to fund expansion

Enprise Group plans to raise up to NZD $4.8 million through a share purchase plan, offering new shares to fund expansion and potential acquisitions.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
NZ dollar rebounds to pre-OCR levels as higher yields lure investors
New Zealand Dollar

NZ dollar rebounds to pre-OCR levels as higher yields lure investors

The New Zealand dollar has regained ground lost after the Reserve Bank moved its policy to neutral late last month, as investors are attracted to t.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
While you were sleeping: Uncertainty on the rise
Wall Street

While you were sleeping: Uncertainty on the rise

Wall Street moved lower alongside European equities amid increasing concern about a standoff between Greece and its international creditors.

By Pattrick Smellie • 3 min read • Tue, 10th Feb 2015