Fletcher Building faces its shareholders: Barbara Chapman says she'll go once building giant secures new chair

Fletcher Building faces its shareholders: Barbara Chapman says she'll go once building giant secures new chair
Acting Fletcher Building chair Barbara Chapman won't be at the meeting today, as she has covid. (Image: NZME)
Rebecca Stevenson
Fletcher Building’s acting chair, Barbara Chapman, says she will leave the board when the building giant appoints a new chair. Fletcher Building is holding its annual general meeting on Wednesday and shareholders will gather in Auckland to confront the weak performance of the firm which led it to raise $700 million to relieve pressure from its balance sheet. In prepared speech notes published to the New Zealand Exchange (NZX) on Wednesday morning – Chapman was not present as she has covid – she said it had been a fru...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025