Fletcher Building subsidiary Fletcher Living has just won a huge Government contract to build 191 new Christchurch houses.

Weak, substandard concrete has been delivered to 70 sites from an Auckland plant, says Firth owner Fletcher Building.

Faulty concrete has now been discovered in The University of Auckland's $200m city campus science redevelopment and expansion.

The Canterbury rebuild's imminent conclusion and business sales will push New Zealand's biggest listed business to make operating earnings of between $650 million to $690 million - the lower end of....

Work on up to 35 residential and commercial projects will need to be redone after faulty concrete was supplied and used in building work.

NZ's biggest listed company has revealed how one of its businesses made faulty and weak concrete and sent it out to many building sites, including the Waterview project.

Spark has fallen from being the NZX's largest listed company by market capitalisation, valued at $6.51 billion in February, to the third largest at $5.17 billion.

New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends

New Zealand shares rose yesterday, paced by Fletcher Building, as investors were drawn to firms that have under-performed the benchmark index.

New Zealand shares rose yesterday, paced by Chorus as its first-half earnings met with market expectations. Xero rose to a four-month high as a seller exited the stock.

Fletcher Building spent $57 million on land in the latest half year, well up on the $28 million it spent in the last full year.

Fletcher Building's new $77 million hi-tech Formica Group plant in China is running at close to half-capacity, two years after it opened.

Bad business purchases here and in Australia hit Fletcher Building's bottom line result yesterday, leaving some shareholders keen to sell.

The Commerce Commission says it found no evidence that Fletcher Building's Winstone Wallboards unit engaged in anti-competitive behaviour to protect its dominance in the market.

Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products.

The judges say Fletcher Building's board has consistently managed its succession planning well.

Andrew Rolfe, Fletcher Construction project manager, said a 16m hole on the corner of Halsey St and Gaunt St in the Wynyard Quarter had now been completed.

New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.

New Zealand shares rose as Fisher & Paykel Healthcare advanced to a record after lifting its annual profit guidance. Xero fell as its first-half results showed a slower pace of growth.

Riding in the Batmobile, chasing the Riddler up the Sky Tower and saving Aotea Square from zombies have all been in a day's work for Johnny Jackson.

October was a crazy month for financial markets.

Professional investors have questioned the value to Goodman Property Trust of Singapore's Government Investment Corporation's acquisition of a 49 per cent stake in Auckland's Viaduct Quarter.

Singapore's sovereign wealth fund has bought a half stake in some of Auckland's newest commercial buildings in the Viaduct Quarter.