Fletcher shares fall 13% as trading resumes

Fletcher's chief executive Ross Taylor. (Image: NZME)

Mon, 16 Oct 2023

Fletcher Building’s share price has fallen more than 13% after it resumed trading this morning.The dual-listed company was put into a trading halt last week after Australian firm BGC claimed problems with Fletcher’s subsidiary Iplex would cost it $1.9 billion.On Friday, Fletcher hit back at BGC’s claim, with chief executive Ross Taylor describing it as “self-serving and sensationalist”.BGC’s independent experts say the problem is the pipe, and not its installation – but Fletcher Building says the i...

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