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Headline News

Earnings season keeps positive trend intact as mining services shines

The profit season underway provides further evidence earnings growth is widening to capture more of the market, supported by synchronised global growth and confidence that consumers are coping with high levels of household debt. (7-0)

Fletcher out of running on another big-ticket build

Debt-crippled Fletcher Building is no longer in the running to build a large town centre in southeast Auckland. (6-0)

Fletcher pulls out of another big-ticket build

Debt-crippled Fletcher Building is no longer in the running to build a large town centre in southeast Auckland. (6-0)

Brian Gaynor: A2 Milk takes flight as Fletcher plummets

Wednesday was a watershed day for the NZX, with a2 Milk surging to the top of the market in terms of value, with a capitalisation of $8.6 billion. (27-0)

Steel & Tube may be interested in Fletcher assets if review prompts sales

Steel & Tube is open to opportunities that might shake out from Fletcher Building's strategic review as it beds in change at its own business to strengthen its balance sheet and improve earnings. (6-0)

NZ shares gain as investors take a2 above $9 billion

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

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

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

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

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

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)

CUSIP: AN6341605