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Headline News

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

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

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

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

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

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'

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

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?

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

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?

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)

Shares rise, led by Sanford, Metro Glass

New Zealand shares rose, led higher by Sanford and Metro Performance Glass, with Fletcher Building extending its slide after yesterday's selloff. (9-0)

Fletcher Building ignored warnings, says shareholders body

The board of Fletcher Building ignored warnings that all was not well at the company, according to the New Zealand Shareholders Association. (6-0)

Fletcher Building should sell Formica: analyst

Fletcher Building paid US$700 million ($947m) to buy Formica Corp from private equity owners Cerberus Capital Management and Oaktree Capital Management in 2007. It may be a good time to sell a business that sits outside its core operations, says Morningstar. (6-0)

Fletcher: Writing was on the wall

Analysis: The profitability, economic value and reputation of New Zealand's biggest construction company have been gunned down today, writes Gyles Beckford. (6-0)

Fears job losses will stem from Fletcher's fall

Unions fear Fletcher Building's decision to quit bidding for big new construction projects will mean job losses, and say using subcontractors is a big part of the company's downfall. (6-0)