Pattrick Smellie stories
Pattrick Smellie is a prolific writer whose interests span a broad range of topics, primarily focusing on financial and economic developments. His articles often delve into the intricacies of currency fluctuations, monetary policies, and the impact of global economic conditions on New Zealand's market. Smellie provides a detailed analysis of the New Zealand dollar's performance against a backdrop of international economic reports and central bank decisions, shedding light on how these factors interplay to influence financial outcomes.
Aside from his focus on macroeconomic trends and currency markets, Smellie also covers significant business transactions and corporate strategies within New Zealand. He is keenly aware of corporate earnings reports, mergers and acquisitions, and strategic shifts companies make in response to broader economic changes. His work encompasses a critical evaluation of company performances such as profit increases, losses, and strategic investments, offering readers a comprehensive overview of the New Zealand corporate landscape.
NZ dollar little changed after mixed Fed signals, lack of local data
Thu, 9th Apr 2015
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new zealand dollar
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financial results
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money management
The Federal Open Market Committee's minutes of its March 17-18 meeting showed several members favoured raising US interest rates in June.
UPDATE: Fliway falls 2.6% after IPO that raised $34 mln
Thu, 9th Apr 2015
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shares
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fliway group
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financial results
Fliway Group's stocks dip 2.6% post-IPO, despite a bright start on NZX. Investors weigh tepid demand against dividend prospects.
Fliway edges up 1.7% in NZX debut after $34m IPO
Thu, 9th Apr 2015
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nzx
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shares
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fliway group
Fliway Group sees a modest 1.7% boost on NZX after a successful $34m IPO, hinting at investor confidence in the new market entrant.
NZ dollar heads for 1.5% weekly gain after Fed's more cautious outlook on US economy
Fri, 20th Mar 2015
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nz dollar
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trade
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money management
Federal Reserve gave a more cautious assessment of the US economy, prompting traders to pull back their bets that the US dollar would gain.
Warehouse says 63% of permanent staff now on 'career retailer wage'
Fri, 20th Mar 2015
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red shirt
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wages
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the warehouse group
Mark Powell says he hopes to eventually see someone promoted to his role that started out in the Red Shirts in Schools programme as a 16 year old.
NZ Dollar Outlook: Kiwi may decline this week as Fed, GDP loom
Mon, 16th Mar 2015
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new zealand dollar
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trade
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money management
The New Zealand dollar, currently at 73.25 US cents, may slip further this week as traders await the US Federal Reserve's stance on interest rates.
NZ dollar heads for 0.3% weekly gain as RBNZ's Wheeler disappoints pessimists
Fri, 13th Mar 2015
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new zealand dollar
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trade
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money management
Graeme Wheeler yesterday disappointed traders betting on a gloomy outlook for the local economy when he kept the key rate unchanged.
RBNZ reviewing 4.5% 'neutral' monetary policy setting
Thu, 12th Mar 2015
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rbnz
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money management
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banking
Work is underway to review what the central bank thinks is a neutral setting - where the OCR neither stimulates nor holds back economic growth.
NZ dollar heads for 0.9% weekly decline as US jobs data looms
Fri, 6th Mar 2015
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new zealand dollar
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trade
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money management
US figures will provide a gauge on the strength of the world's biggest economy and give the greenback its next cue for a direction.
NZ dollar heads for 0.4% weekly gain; greenback poised for more strength
Fri, 27th Feb 2015
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new zealand dollar
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trade
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money management
There might be an extended rally for the US currency as the prospects for the world's biggest economy remain strong.
UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits
Wed, 18th Feb 2015
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fletcher building
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financial results
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money management
Fletcher stock plunges 4.5% amid profit dive and scrapped franking credits, with full-year earnings to hit the lower target end.
Investors give raspberry to Contact Energy offshore investment plan
Mon, 16th Feb 2015
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datacentre infrastructure
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power / energy
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contact energy
Contact Energy's share price plummeted after plans for offshore geothermal investments left investors wanting promised cash returns.
CORRECT: CDL Investments lifts full-year profit, dividend; shares at highest since 1987
Tue, 10th Feb 2015
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financial results
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money management
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hotels
Profit rose to $14.7 million, or 5.35 cents a share, in calendar 2014, from $13.4 million, or 4.92 cents, a year earlier.
ANZ AgriFocus forecasts farmgate milk price of $4.50-to-$4.70/kgMS with tide turned on dairy prices
Thu, 5th Feb 2015
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agrihq
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financial results
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money management
ANZ AgriFocus signals modest dairy rebound with a projected NZ farmgate milk price of $4.50-4.70/kgMS amidst economic risks.
NZ dollar heads for 4.2% decline in 2014, reflecting weaker dairy prices, stronger greenback
Wed, 31st Dec 2014
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nz dollar
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trade
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money management
NZ dollar ends 2014 down 4.2%, hit by falling dairy prices and a buoyant US dollar, but may rebound as the local economy shines.
NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M
Tue, 16th Dec 2014
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trade
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exports
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money management
The nation's dairy herd rose 4 percent in the latest year, extending the long-term trend that has seen milk become the dominant farm product.
Comvita shareholders exercise 5.6M of 6.9M rights on offer, triggering shortfall bookbuild
Tue, 16th Dec 2014
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trade
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exports
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money management
The Te Puke-based maker of health products based on manuka honey aimed to raise $24.4 million in the offer at $3.55 apiece.
High Court turns down Kuwait Finance House claim over Canterbury funding
Thu, 11th Dec 2014
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investment
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court case
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money management
The Kuwaiti firm asked the court to uphold a ruling in the Bahrain Chamber for Dispute Resolution against Berkeley, California-based David Teece.
NZ dollar heads for 0.9% fall as US jobs report looms
Fri, 5th Dec 2014
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nz dollar
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money management
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shareholders
As the US jobs report looms, the NZ dollar is set for a 0.9% tumble, amidst global shifts and economic speculations.
Abano agrees to sell orthotics business, taking 'small loss' against 2015 results
Tue, 25th Nov 2014
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healthtech
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investment
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m&a
Abano Healthcare sells its orthotics arm to private investors, accepting a small loss on 2015 results, steering focus towards dental growth.