Ross Taylor will 'consider his position' at Fletcher Building

Ross Taylor will 'consider his position' at Fletcher Building
Ross Taylor, finished his innings? (Image: NZME)
Brent Melville
Fletcher Building chief executive Ross Taylor could be set to fall on his sword and announce his resignation in tandem with the group’s half-year results announcement this Wednesday.In its request to the Australian securities exchange (ASX) for a trading halt on Monday, the dual-listed company notes it may have further “potential provisions and impairments” to include in its earnings forecast for the full year.The ASX statement, issued alongside a request to the NZ stock exchange (NZX), notes that it is possible – given...

More Markets

Spark share collapse leads NZ sharemarket down
Markets Market Close

Spark share collapse leads NZ sharemarket down

The S&P/NZX 50 Index closed down 0.99% or 127.78 points.

Tom Raynel 21 Feb 2025
Spark valuation plummets $1 billion as profit crashes
Markets

Spark valuation plummets $1 billion as profit crashes

Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...

Staff reporters 21 Feb 2025
Genesis weathers a tough winter
Markets

Genesis weathers a tough winter

Genesis took a $59m gas hit, but still made $70m profit.

Ian Llewellyn 21 Feb 2025
Sky TV takes a financial hit
Markets

Sky TV takes a financial hit

Sky Network Television reported a net loss after tax of $1.7 million in what it has been described as a “challenging” and “difficult” six months, with the broadcaster's attention focused on moving its customers to a new satellite because of the ailing Optus D2 satellite.The p...

Staff reporters 21 Feb 2025