
Fletcher Building to announce new Auckland house factory next month
Fletcher to open new panel factory
Stories and analysis from The Northern Express Herald.
Retail investors will have next week to take up the offer.
Firm exiting its international division to concentrate on core building supplies.
Investment specialist pours cold water on Fletcher deal
The Australian fund manager has more than A$5 billion in investments under its control.
Reports suggest Aussie giant Westfarmers is eyeing a 3 to 4 per cent stake in Fletcher.
Company's share price closed at $5.85 on Friday, compared with a two-year high of $11.02.
COMMENT: Ritual resignations are the wrong way to deal with an organisation's mistakes.
Fletcher believes a rent-to-buy scheme would make homeownership possible for more Kiwis.
The company's shares touched a five-year low during trading
This result was a big turnaround on its previous $301 million profit.
COMMENT: Lack of past mistakes left chairman ill-equipped when things went wrong.
NZ Herald: How did Fletcher Building gets its major project bids so wrong?
Announcement a watershed moment for Fletcher Building.
Shareholders won't get a dividend for last six months.
Today's announcement is likely to involve further downgrades for the business.
Company has warned it is in danger of breaching bank lending covenants.
Fletcher Building might seek money from investors.
Fletcher was expected to make a market announcement this morning.
10% drop takes US into 'correction' territory, but local reaction in New Zealand is muted.
OPINION: Blue-chip duo need to face up to problems at loss-making operations.
Fletcher Building said it expects further losses at its building and interiors business.
Fletcher Building and a2 Milk among firms expected to get a lot of investor attention.
COMMENT: NZ companies with small shareholders from abroad can be caught up in OIO net.