Company Overview and News

 
Shares edge down amid 'school holiday' mood

7h nzherald.co.nz
New Zealand shares dropped in light trading, with A2 Milk Co and Synlait Milk leading the index lower, while Pushpay Holdings and Fletcher Building gained.
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Brian Gaynor: Fletcher a reputation that needs rebuilding

2018-04-20 nzherald.co.nz
How much more damage can Fletcher Building do to itself, its 37,800 shareholders, the NZX and the reputation of our business leaders?
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NZ shares fall as MSCI changes debated

2018-04-20 nzherald.co.nz
New Zealand shares fell, taking a negative lead from Wall Street, as Fletcher Building's share offer weighed on demand.
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Fletcher Building raises $515m of $750m offer: now over to retail investors

2018-04-19 nzherald.co.nz
Fletcher Building has raised $515 million of its planned $750 million offer to shareholders by hugely discounting new shares, announcing this morning it had filled most of the offer it revealed on Tuesday.
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Stock Takes: Where next for Fletcher's share price?

2018-04-19 nzherald.co.nz
It's been a roller coaster of a week for Fletcher Building shareholders what with squashed rumours of a takeover followed by its $750 million capital raising via rights issue.
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Toyota takes "most reputable" crown ahead of Air NZ

2018-04-19 radionz.co.nz
The car manufacturer Toyota has overthrown Air New Zealand in being ranked the country's most reputable and trusted corporation.
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NZ shares rise led by Synlait, A2, Comvita as US earnings stoke global sentiment

2018-04-19 nzherald.co.nz
New Zealand shares gained as the US earnings season helped lift sentiment toward equities. Growth-linked companies including Synlait Milk, A2 Milk, Comvita led gains in the local market.
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Toyota tops corporate reputation index

2018-04-18 nzherald.co.nz
Toyota New Zealand has taken top spot as having the strongest corporate reputation in New Zealand.
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MARKET WRAP: Sky TV lower as Spark benefits from rugby rights

2018-04-18 nbr.co.nz
Fat Prophets head of research Greg Smith says "Spark and TVNZ’s win is Sky TVs loss,”
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NZ shares gain; Trade Me rises

2018-04-18 nzherald.co.nz
New Zealand shares gained in light trading as Fletcher Building's discounted rights issue and upcoming MSCI New Zealand index review weighed on investors' minds. Trade Me and Metlifecare increased while Comvita dropped.
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Fletcher Building's Formica and Roof Tile operations worth about $700m

2018-04-18 nzherald.co.nz
Fletcher Building's Formica and Roof Tile businesses are worth about $700 million and would sell at a higher multiple than other parts of the group, say analysts at Morningstar.
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Deals of the day-Mergers and acquisitions

2018-04-17 reuters
April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: ** Concert ticketing firm CTS Eventim said on Tuesday it had bought a controlling stake in Vivo Concerti, an Italian promoter of concerts and musicals. ** Neoenergia SA, Brazil’s largest utility by number of customers, has offered to acquire a stake in Brazilian power distribution company Eletropaulo Metropolitana SA Upvote Downvote

 
Shares fall as investors weight up Fletcher rights issue

2018-04-17 nzherald.co.nz
New Zealand shares fell as investors weighed up the impact of Fletcher Building's deeply discounted rights issue soaking up demand from the broader market. Auckland International Airport and exporters A2 Milk Co and Comvita dropped.
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Wesfarmers squashes talk of Fletcher Building stake

2018-04-17 theage.com.au
Wesfarmers has squashed speculation that it has bought a stake in struggling New Zealand-based construction and materials company Fletcher Building.
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Wesfarmers squashes talk of Fletcher Building stake

2018-04-17 smh.com.au
Wesfarmers has squashed speculation that it has bought a stake in struggling New Zealand-based construction and materials company Fletcher Building.
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