‘This is not an $1.8b problem’: Fletcher hits back

‘This is not an $1.8b problem’: Fletcher hits back
(Image: NZME)
Ella Somers
Fletcher Building's chief executive, Ross Taylor, didn’t pause when asked what his first thought was of Perth builder BGC's A$1.8 billion (NZ$1.9b) claim on Wednesday around Fletcher subsidiary Iplex.“Self-serving and sensationalist,” he told BusinessDesk on Friday.Taylor had just finished a briefing to investors, analysts, and media where he'd gone through a dense presentation that disputed BGC's claims about Iplex.BGC, one of Western Australia’s biggest home builders, went public with its claims on Wedn...

More Infrastructure

PE eyes Fletcher's Oz assets as NZ investor hunt stalls
Infrastructure

PE eyes Fletcher's Oz assets as NZ investor hunt stalls

Investment bank is understood to have halted the search for residential investors.

Act would 'support selling' Crown stake in Chch Airport
Infrastructure

Act would 'support selling' Crown stake in Chch Airport

The Crown owns 25% of the airport. Seymour says it's not core Government business.

Oliver Lewis 07 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Govt commits to Christchurch road upgrade
Infrastructure

Govt commits to Christchurch road upgrade

Last year, the Government pushed the project down the queue and said no new Crown funds.

Oliver Lewis 05 Feb 2025