Aussie housing downturn FBU's big challenge, says Jarden

Fri, 28 Jun 2019

By Pattrick Smellie June 28 (BusinessDesk) - Fletcher Building's credibility relies on delivering improvements in its Australian business before anything else, even though there are signs of a "major downturn" in the Australian residential construction sector and potential for a sustained patch of house-building in New Zealand, broking house Jarden says. The company has made progress on a turnaround from two horror years in 2017 and 2018 when write-offs on under-priced major construction projects saw the firm withdraw from the vertical co...

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