Fletcher Building Foundations On Shaky Ground
Is the financial health of troubled Kiwi building products and construction company Fletcher Building worse than understood by the market?
Read MoreIs the financial health of troubled Kiwi building products and construction company Fletcher Building worse than understood by the market?
Read MoreStandby for more bad news from Fletcher Building as losses from at least two dodgy projects blow past previous estimates.
Read MoreThe losses from its troubled B+I division continue for Fletcher Building.
Read MoreA big annual meeting in Auckland this morning (starts around 8.30am Eastern Australian Summer Time) for Fletcher Building with no only the much anticipated earnings guidance for 2017-18 expected, but an explanation for the sharp slide in profit in the year to June and why the CEO Mark Adamson had to go and the name of his replacement expected.
Read MoreAs expected, Kiwi construction giant, Fletcher Building has reported a big plunge in net profit for the year to June, thanks to a large loss in its troubled construction arm and the writing down of two of its big Australian assets, Tradelink and Iplex.
Read MoreFletcher Building (FBU) shares took a hammering yesterday after the company owned up to a massive, 20% to 25% cut in its expected 2016-17 profit, and the explanation left investors wondering about the competence of the management.
Read MoreFletcher Building this morning owned up to a massive, 20% to 25% cut in its expected 2016-17 profit.
Read MoreBad news from Fletcher Building (FBU), Australasia’s biggest building and construction company, with a profit write down and loss from a key business due to be revealed this morning before trading starts on the ASX and NZX.
Read MoreA big thumbs down from Australian investors to the half year result from Fletcher Building (FBU), Australasia’s biggest construction group.
Read MoreTrans-Tasman building and construction giant, Fletcher Building (FBU), has reported a 71% increase in statutory after tax profit, to $NZ462 million, meeting earnings guidance and giving shareholders a little bit more of a reward.
Read MoreShares in Fletcher Building (FBU) rose nearly 4% yesterday on the news of a major expansion move and corporate revamp.
Read MoreShares in Trans-Tasman giant Fletcher Building (FBU) hardly moved yesterday, despite the company telling shareholders at the AGM in New Zealand they can expect a solid rise in profits for the year to June 2015.
Read MoreDespite a weak result, Fletcher Building (FBU), New Zealand’s biggest listed company, has joined the dividend boosting club with a small rise in its interim payment to shareholders.
Read MoreFletcher Building (FBU) seems to have found a new chairman to replace Ralph Waters who steps down later this year.
Read MoreFletcher Building’s (FBU) AGM was told yesterday that the strong New Zealand dollar is proving a significant headwind, but it expects increased construction activity across the country to boost its 2014 operating earnings.
Read MoreShares in Fletcher Building fell more than 12% yesterday after it sprang a surprise profit downgrade on the market.
Read MoreEven the blackest of clouds has a silver lining for somebody.
Read MoreIt was an acquisition made for the right strategic reasons, but Fletcher Building’s recently acquired US Formica USA subsidiary will cut $60 million from full-year profit.
Read MoreInvestors took a set against Fletcher Building Ltd yesterday in the wake of the New Zealand building products and services giant's 2007 results release and comments on the outlook.
Read MoreTwo days after its chief executive was in Australia talking about how it was interested in big acquisitions, but not necessarily in Australia because of thin margins, NZ’s biggest construction company, Fletcher Building, has given itself world scale by buying US-based Formica Corporation for almost $NZ1 billion.
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