Fletcher shares halted as construction review looms over earnings; new CEO pending

Mon, 23 Oct 2017

By Rebecca Howard Oct. 24 (BusinessDesk) - Fletcher Building shares are in a trading halt ahead of tomorrow's annual meeting as a review of its Building + Interiors (B+I) business unit hangs over the company's 2018 earnings outlook, and with a new chief executive set to be announced. Auckland-based Fletcher downgraded earnings twice last year as escalating construction costs and a lack of oversight on major building projects saw the B+I unit come under pressure. After booking a series of one-time impairment charges Fletcher had said cash...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

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