
Watch: Fletcher’s fall guy fronts up
“I see what I’m doing here as a really important cultural statement."
“I see what I’m doing here as a really important cultural statement."
Fletcher Building feels the brunt of a surprise earnings downgrade.
Fletcher shocked the market with an unexpected $120 million first-half loss.
'Diabolical' - fire, Covid, rising steel prices, mould, replacing steel, new contractors.
Possible Valentine's Day resignation will come with another financial hit.
Analysts warn this may be the third-worst earnings season ever.
And two stocks with diverging fortunes.
A blow-out in NZ International Convention Centre costs caused the share slump.
The retirement village operator dragged up other parts of the market in a broad rally.
The vendor has national operations in the funeral sector and is listed on the ASX.
$1b losses had been a 'near-death experience', the company would never return to that.
Today we launch this new regular feature, focusing on what's going on in property.
The market didn't experience the jump that investors thought after the election result.
Poor installation practices in Perth were cited including over-bending, poor lagging.
The company's pipe business has turned into a nightmare.
Doing 'repipes' on 11,817 homes for around A$60,000 each - BGC arrives at a big bill.
Most of the talk in the market was around Fletcher Building.
"We believe this is an Australia-wide issue and that WA is simply the tip of the iceberg."
CEO says the costly Convention Centre project is officially unprofitable.
Fletcher Building chief executive Ross Taylor saw his pay drop 43 per cent.
Synlait and a2 Milk also took a hit on weaker dairy prices.
Hurdles lie ahead for construction company - but analysts are upbeat.
NZICC, the housing market and disastrous weather have affected the big Kiwi company.
Major companies begin revealing their finances from today.
National is a fan of PPPs and has big plans for new ones if it gets elected.
The company, which reports its result next week, is sticking with its guidance.
One biotech stock fell more than 80 per cent, but Fletcher and Ryman are back on top.
Inflation irritations linger but Bitcoin surges.
Fletcher Building’s house sales would also be below its previous target.
Will it finally crack the tonne and build 1000 new homes annually here?