Fletcher shares in trading halt in lead up to problem pipes announcement

Fletcher shares in trading halt in lead up to problem pipes announcement
An announcement is imminent regarding Fletcher Building’s leaky pipes problem in Australia. (Image: Getty)
John Anthony
Fletcher Building shares have been placed in a trading halt as it awaits an announcement from the Government of Western Australia regarding leaks in homes fitted with the construction giant’s Iplex Australia pro-fit pipe product.The trading halt applied to Fletcher securities on the New Zealand and Australian stock exchanges and would be lifted at the end of trading on Friday at the latest.In a statement to the market the company said it had previously advised the market concerning complaints received in respect of its subsidiary Iplex Au...

More Markets

NZX sits out tech rally, trades flat
Markets Market Close

NZX sits out tech rally, trades flat

"We're not overly blessed with big tech names," Generate's Greg Smith said.

Gregor Thompson 23 Sep 2025
Kiwi sinks to 15-year low against euro
Economy

Kiwi sinks to 15-year low against euro

Kiwi may soften further against euro as traders price in cash rate expectations.

Andy Macdonald 23 Sep 2025
Contact to supply gas under all-of-government contract
Markets

Contact to supply gas under all-of-government contract

Contact Energy has signed an agreement with the Ministry of Business, Innovation and Employment to supply about 1.65 petajoules (PJ) of gas a year, starting from Oct 1.Under the new arrangement, Contact will supply seven years’ worth of gas to some 100 Government agencies and ins...

Staff reporters 23 Sep 2025
Seabed miner wants to list on the NZX
Primary Sector

Seabed miner wants to list on the NZX

The mining project has been one of the most hotly contested in NZ.

Ian Llewellyn 23 Sep 2025