Fletcher calls in the consultants as chair quits

Fletcher calls in the consultants as chair quits
Who is next to exit Fletcher? All the board please, Simplicity founder Sam Stubbs says as chair Bruce Hassall pulls forward his resignation. (Image: Supplied)
Rebecca Stevenson
Fletcher Building has called in high-profile Australian corporate consultants to gauge the mood of its major shareholders. Leaked correspondence revealed Fletcher Building shareholder Simplicity, the New Zealand Shareholders Association (NZSA) and Blackbull Research wrote to the listed building giant in late February formally calling for an “orderly” resignation of its entire board and an independent valuation of the business if it were broken up. The abrupt resignation of chair Bruce Hassall on Monday has been welcomed by...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025