Infrastructure

Should Fletcher Building persist with Australia?

Jenny Ruth
Tue, 23 Jul 2019

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...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Wake Up Call

Wake Up Call: Land of irrigation and fertiliser

Staff reporters | Thu, 15 Apr 2021

Farm size, fertiliser use and irrigation will be under the spotlight in a new report released by Ministry for the Environment and Stats NZ.

Finance

Covid claims boutique vineyard Lamont Wines

Paul McBeth | Thu, 15 Apr 2021

After exhausting all other avenues, Lamont Wines investor Southern Ventures called in receivers to put the boutique winemaker on the block.

Opinion

How can we encourage property investors to pivot into tech?

Peter Griffin | Thu, 15 Apr 2021

Existing property investors may look to put an increasing portion of their wealth into other asset classes and that’s an opportunity for cash-hungry tech companies and the venture funds that can invest in tech on their behalf.

Partner Content

Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Should Fletcher Building persist with Australia?

Not convinced yet?

Your company has a subscription

Team