Investors have 4-month wait for 'new-look' Fletcher Building that may shed B+I

Wed, 14 Feb 2018

By Jonathan Underhill Feb. 14 (BusinessDesk) - Fletcher Building's shares tumbled to a two-year low $6.69 today after the company unveiled further provisions at Building + Interiors (B+I) that bring two-year losses at the unit to $952 million. They've since recovered to $6.85, a two-month low but well off the heady highs of September 2016, when the stock reached $11.40. It's been a high-profile fall from grace that's claimed the scalps of the chairman and chief executive in a company whose building products are in the majority of Kiwi...

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