NZ stocks end flat amid Fletcher-SkyCity legal woes

SkyCity plans legal action against Fletcher Building over the 2019 fire at the NZ International Convention Centre. (Image: Getty)

Jamie Gray

Fri, 06 Jun 2025

The Fletcher Building-SkyCity legal imbroglio reared its head again, making for a mixed day’s trading on a market already overshadowed by falls on major markets.The S&P/NZX50 Index ended 13.66 points or 0.11% down at 12,563.48, with 31 million shares, worth $118.9m trading hands.There were 71 gainers and 67 decliners on the main board.In the US, Wall Street’s main indices were lower after another sharp fall in Elon Musk’s Tesla.Legal actionSkyCity gave notice that it would file legal proceedings against Fletcher Building f...

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