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Headline News

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

3h 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

5h 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

20h 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)

Shares rise, led by Sanford, Metro Glass

2018-02-15 nzherald.co.nz
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

2018-02-15 nzherald.co.nz
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

2018-02-15 nzherald.co.nz
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

2018-02-15 radionz.co.nz
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

2018-02-14 radionz.co.nz
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)