Should Fletcher Building persist with Australia?

Should Fletcher Building persist with Australia?
Jenny Ruth
By Jenny Ruth July 24 (BusinessDesk) - Those who fail to learn from history are condemned to repeat it, goes the famous saying attributed to Winston Churchill and philosopher George Santayana. Fletcher Building’s near $1 billion in construction losses in New Zealand over 18 months are still fresh in investors’ minds, but the company also has a long history of losing money in Australia since it was split out of Fletcher Challenge in 2001. The $222 million of write-offs of the Tradelink and Iplex Australia businesses announced in the 201...

More Infrastructure

Workers brace for Kinleith decision
Primary Sector

Workers brace for Kinleith decision

On Friday, Oji will update staff on a proposal to end paper production at the mill.

First test train for City Rail Link
Infrastructure

First test train for City Rail Link

The multibillion-dollar rail tunnels have been handed over to KiwiRail.

Oliver Lewis 12 Feb 2025
PM's summit hastens new overseas investor regime
Policy

PM's summit hastens new overseas investor regime

Cabinet has agreed to liberalise the foreign investor regime in time for a March summit.

Pattrick Smellie 12 Feb 2025
Red carpet for foreign investors at March summit
Policy

Red carpet for foreign investors at March summit

The summit will showcase NZ infrastructure investment opportunities.

Pattrick Smellie 10 Feb 2025