Infrastructure Analysis

No, Fletcher chair Bruce Hassall shouldn't resign over Gib shortage

Jenny Ruth
Tue, 21 Jun 2022

No, Fletcher chair Bruce Hassall shouldn't resign over Gib shortage
Jarden analyst Grant Swanepoel said Fletcher's performance is improving. (Image: Jarden)
Jenny Ruth
Tue, 21 Jun 2022
Should Fletcher Building chair Bruce Hassall resign because of the Gib plasterboard shortage or because he failed to apologise for the situation, asked Jarden analyst Grant Swanepoel, dismissing that as grounds for Hassall to fall on his sword.“Should any company be expected to hold excess capacity for a short period of time when demand is way outstripping a normal demand pattern?” Swanepoel said.Far from abusing its position of having a 95% share of the market, Fletcher decided to invest in a new Gib plant in Tauranga, Swanepoel sa...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.