Fletcher shares dive 5.9% after earnings downgrade

Fletcher shares dive 5.9% after earnings downgrade
Jenny Ruth
Fletcher Building has downgraded its full-year guidance and said its first-half operating profit was up 8%.Earnings before interest and tax (Ebit) for the year ending June are now expected to come in between $800 million and $855m, down from its previous guidance of $855m or more, and the company said this reflects bad weather in January and February.Fletcher shares fell 5.9%, or 32 cents, to $5.10 in early trading.Ebit for the six months ended December came in at $360m, up from $332m in the year-earlier first half, while its Ebit margin was 8....

More Infrastructure

Hopes MMH delisting will help rail line get built
Infrastructure

Hopes MMH delisting will help rail line get built

Crawford says a rail link to Northport is crucial for the port's growth.

Dileepa Fonseka 30 May 2025
Govt announces 'farmer-focused' RMA reforms
Primary Sector

Govt announces 'farmer-focused' RMA reforms

Proposed reforms cover freshwater, farming practice, mining and quarrying.

Pattrick Smellie 29 May 2025
Govt shifting consent priorities towards development
Policy

Govt shifting consent priorities towards development

The Government said it was releasing three discussion documents on the changes.

Oliver Lewis 29 May 2025