Fletcher dismisses subcontractor claims as vague

Fletcher dismisses subcontractor claims as vague
Victoria Young
Fletcher Building has attacked claims by its electrical subcontractor for the Christchurch justice precinct as broad and vague. The NZX-listed builder is in the final stages of a month-long hearing on a $7.5 million claim from Electrix, which says it didn’t get paid enough for its work on the government project. The precinct was one of several projects in Fletcher’s troubled Building + Interiors division which lost almost $1 billion in 18 months. Justice Matthew Palmer heard the claim over four weeks in October in the High Court at Au...

More Markets

Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.

Biden's big news, IT outage drags ASX to 11-day low
Markets ASX MARKET WRAP

Biden's big news, IT outage drags ASX to 11-day low

The ASX200 dropped 0.5% as US President Joe Biden stood down from his re-election bid.

AAP 8:00am
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

NZ dollar at 11-week low on pending rate cuts, Biden's exit
Economy

NZ dollar at 11-week low on pending rate cuts, Biden's exit

The kiwi was trading below 60 US cents late Monday in Wellington.