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Headline News

NZ shares gain as investors take a2 above $9 billion

9h nzherald.co.nz
New Zealand shares rose, led higher by another strong day for a2 Milk Co after signing a supply deal with Fonterra Cooperative Group, while Air New Zealand gained on a higher interim dividend. Tourism Holdings fell despite beating earnings expectations. (21-0)

Fran O'Sullivan: Taylor looking beyond SkyCity tussle

2018-02-21 nzherald.co.nz
Ross Taylor won't be a "tub thumper" when it comes to settling the expected legal stoush with SkyCity over expensive cost overruns on the International Convention Centre. (6-0)

Sharemarket jumps on A2 Milk's 27% surge

2018-02-21 nzherald.co.nz
New Zealand shares rose as A2 Milk Co surged on its tie-up with Fonterra Cooperative Group, while Synlait Milk, Fletcher Building and Spark New Zealand dropped. (17-0)

Fletcher still on track to make $680m-$720m annual earnings

2018-02-21 nzherald.co.nz
Troubled NZX giant Fletcher Building says it still expects to make huge annual operating earnings of $680 million to $720m for the year to June 30, despite issues with its construction division. (6-0)

Fletcher shares hit lowest in more than 5-years as firm reveals soggy outlook behind B+I carnage

2018-02-21 nzherald.co.nz
Fletcher Building shares touched their lowest levels in more than five years after the company's first-half results, which were clouded by losses at its Building + Interiors unit but also showed soggy demand at its most profitable businesses over the next 12 months. (6-0)

Fletcher Building announces half-year net loss of $273m

2018-02-20 radionz.co.nz
Fletcher Building has slumped to a large first half-year loss as the problems with major projects overwhelmed the earnings of the rest of the group. (6-0)

Fletcher posts $322m loss in latest half-year results

2018-02-20 nzherald.co.nz
Fletcher Building made an operating earnings loss of $322m in the latest half-year to December 31, 2017, a big turn-around on its previous $310m profit. (6-0)

Sharemarket falls on eve of big day for company results

2018-02-20 nzherald.co.nz
New Zealand shares fell in light trading ahead of a busy day of earnings tomorrow, with Heartland Bank and Fletcher Building dropping while Sky Network Television and Air New Zealand rose. (24-0)

ASX strengthens as earnings provide a lift

2018-02-19 smh.com.au
Australian shares advanced firmly on Monday, with investors welcoming earnings from a diverse range of companies in what's shaping up to be a solid reporting season. (19-0)

Kate Hawkesby: I feel sorry for Ralph Norris having to quit after Fletcher Building saga

2018-02-18 nzherald.co.nz
I feel bad for Ralph Norris. I know there are those who want his head on a platter - and he's served that - but for some it will never be enough. (6-0)

Competition pushing construction sector into 'race to the bottom'

2018-02-18 nzherald.co.nz
Competition has pushed the construction sector into a "race to the bottom" where companies are taking on projects to win revenue rather than chase profit, says a top industry boss. (8-0)

Foreign workers to explore jobs in NZ

2018-02-16 radionz.co.nz
Over 50 construction workers and engineers will be arriving in New Zealand this weekend from the United Kingdom and South Africa to explore job opportunities. (6-0)

Brian Gaynor: Fletcher's Sir Ralph Norris a victim of his own success?

2018-02-16 nzherald.co.nz
The problem with Sir Ralph Norris, who announced his resignation as Fletcher Building chairman this week, could be that his senior management career was too successful. (6-0)

Shares up; Tourism Holdings hits record with Auckland Airport, Fletcher Building gaining

2018-02-16 nzherald.co.nz
New Zealand shares rallied as Tourism Holdings hit a record and Auckland Airport gained on its first-half earnings. (19-0)

Stock Takes - What next for Fletcher Building?

2018-02-15 nzherald.co.nz
Fletcher Building's share price took a hit when it came off a trading halt this week, but it could have been worse if it had gone to the market for funds. (6-0)