Fletcher Building steels its nerves amid metals sector slowdown

Fletcher's Easysteel distribution business has been under union pressure regarding restructuring plans. (Image: NZME)

Tue, 23 Apr 2024

Fletcher Building is a favoured whipping boy. The high-profile construction and building materials firm has a national footprint and vertical integration that some of its rivals would kill for, while its uncanny knack for poor decisions can be counted on to attract scorn from market commentators, be it the wrong acquisition such as Crane or vastly underestimating building costs for any number of projects.Little wonder First Union has jumped on the bandwagon in its public campaign as it tries to shame Fletcher into dialling down r...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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