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

NZ sharemarket enjoys good week with fourth gain
Markets Market close

NZ sharemarket enjoys good week with fourth gain

The S&P/NZX 50 Index closed at 11,938.08, up 64.04 points or 0.54%.

Graham Skellern 03 May 2024
BHP CEO flies to South Africa to push $65.4 billion takeover
Markets

BHP CEO flies to South Africa to push $65.4 billion takeover

The executives have already begun conversations with key stakeholders.

Bloomberg 03 May 2024
Rakon shareholder wants light shed on $400m bid
Markets

Rakon shareholder wants light shed on $400m bid

US giant Skyworks could be Rakon's new owner. One shareholder wants it to confirm.