Fletcher Building: Timeline of woe

Thu, 15 Feb 2024

Thu, 15 Feb 2024

Fletcher Building's chief executive and chair have said they will be standing aside as the under-fire construction company deals with continuing poor performance amid ongoing cost blowouts to major projects.The company went into a trading halt on Monday, at the same time announcing CEO Ross Taylor would be considering his position.By Wednesday, as the company released its half-year results and resumed trading, Taylor and board chair Bruce Hassall were gone.The earnings update for the first half of 2024 showed that earnings before interest a...

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