NZ Shareholders Assn seeks answers on Fletcher downgrade, questions CEO's ability

Mon, 20 Mar 2017

By Jonathan Underhill March 20 (BusinessDesk) - The New Zealand Shareholders Association says Fletcher Building's announcement of a $110 million downgrade to full-year earnings guidance leaves investors with a lack of detailed answers and raises questions about chief executive Mark Adamson's performance. On a conference call today, Adamson said he "took full responsibility for the current situation" which led to the downgrade just four weeks after the company affirmed its full-year forecast at the release of its interim results. Today's a...

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