Fletcher shares hit lowest in more than 5-years as firm reveals soggy outlook behind B+I carnage

Wed, 21 Feb 2018

By Jonathan Underhill Feb. 21 (BusinessDesk) - Fletcher Building shares touched their lowest levels in more than five years after the company's first-half results, which were clouded by losses at its Building + Interiors unit but also showed soggy demand at its most profitable businesses over the next 12 months. The stock recently traded down 2 percent at $6.72, having sunk as low as $6.50 after the results. The big one-time items including B+I operating losses of $631 million in the first half had been revealed in a profit warning last w...

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