Fletcher’s pipedream nothing but a Crane hangover

Fletcher continues to walk the high wire in Australia. (Image: Getty)

Fri, 20 Oct 2023

Fletcher Building can’t seem to catch a break. Whenever it appears as though it’s got on top of its problems, something springs a leak. In this case, literally. New Zealand’s biggest listed building materials firm first flagged there might be something wrong in its first-half result, noting its Iplex Australia unit received a number of complaints about leaky pipes and that the Western Australian building regulator was probing the issue. That escalated to a referral to the Australian Competition and Consumer Comm...

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