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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}