UPDATE: Fletcher shares gain on five-year strategy to chase sales, margin growth

Wed, 20 Jun 2018

(Recasts to reflect company briefing, share price and investor comment) By Jonathan Underhill June 21 (BusinessDesk) - Fletcher Building stock rose after chief executive Ross Taylor set out his five-year strategy to refocus on core businesses, stabilise the construction division, expand in Australia and exit non-core operations. The shares rose 2.1 percent to $6.74. They have underperformed the S&P/NZX 50 Index in the past five years, falling 15 percent while the benchmark index climbed 102 percent. Taylor today set out his plans to...

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