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Financial News Investment Banking Bank of America UK and Ireland chair Mackenzie Smith retires after more than 35 years in the City Simon Mackenzie Smith is one of the best-known dealmakers in the City Simon Mackenzie Smith joined Merrill Lynch in 1996 from Morgan Grenfell, the City merchant bank acquired by Deutsche Bank in the 1990s By Monday March 15, 2021 12:15 pm Simon Mackenzie Smith, chair of corporate and investment banking for the UK and Ireland at Bank of America, is retiring. Mackenzie Smith, one of the best-known dealmakers in the City who has worked with the...

Vector lifts full-year guidance after 27% first half profit jump 22 Feb, 2021 09:30 PM 2 minutes to read NZ Herald Auckland lines company Vector has posted a net profit of $102.1 million for the six months to December, up 27 per cent from $80.5m in the previous corresponding period. Vector, 75.1 per cent owned by central Auckland community trust Entrust, declared an unchanged interim dividend of 8.25c a share, 10.5 per cent imputed. The company lifted its full-year adjusted ebitda guidance from $380m to $500m to $500m to $520m, provisional on no further Covid-19 disruption. "Despite the uncer...

REGENHU announces its participation in the FLAMIN-GO project aimed at developing "personalized" treatments against rheumatoid arthritis REGENHU today announced its participation in the FLAMIN-GO research project aimed at developing an organ-on-chip technology for clinical trials on Rheumatoid Arthritis (RA). FLAMIN-GO is an EU-funded project featuring a strong, well-balanced composition of hospital, academia, and industry partners which brings together the know-how of experts in the fields of rheumatology, material science, tissue engineering, nanotechnology, cell biology, and 3D modeling, in...

Vector comments on Climate Change Commission draft advice Vector today welcomed the release of the Climate Change Commission's draft advice to government and fully endorses its views on transforming the electricity sector to urgently reduce New Zealand's carbon footprint. The report outlines how critical it is for distribution companies to be equipped, resourced and incentivised to innovate and support the adoption in their networks of new technology, and business models to encourage electrification, in particular for increasing numbers of electric vehicles (EVs). Vector Group CEO Simon Macke...

Leading Questions: Vector boss Simon Mackenzie on how Covid offers NZ tech opportunity 7 Jan, 2021 04:00 PM 6 minutes to read NZ Herald How would you describe 2020 for your business? It was a combination of very grounding with some positive developments that, together, unified us and made us stronger. Grounding because Covid really brought home to all of us just how much our business is an essential service and the dependence of the community on us, not just in Auckland but across New Zealand and Australia. I was proud of how everyone worked, pretty much seamlessly, in a new...