UPDATE: Fletcher shares drop after first-half results show weak construction earnings
(Recasts to add share price drop, investor comment, divisional details) By Jonathan Underhill Feb. 22 (BusinessDesk) - Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexpectedly weak earnings from its construction...
FIRST CUT: Fletcher 1H profit rises 2%
By Jonathan Underhill Feb. 22 (BusinessDesk) - Fletcher Building posted a 2 percent gain in first-half profit, missing some estimates, after taking a charge against a construction project and costs to close sites. Net profit was $176 million in the six months ended Dec. 31,...
Wrightson profit growth stalls in first half as cautious farmers spend less
By Jonathan Underhill Feb. 21 (BusinessDesk) - PGG Wrightson's profit growth stalled in the first half, which the rural services company blamed on low prices for dairy and wool and reduced production of red meat which had made farmers more cautious about spending. Profit fe...
NZ dollar little changed with US holiday, may fall on weaker dairy prices, Fed rate plans
By Jonathan Underhill Feb. 21 (BusinessDesk) - The New Zealand dollar was little changed, getting little overnight impetus with the US on holiday, and may decline if dairy prices fall at tonight's auction and expectations firm for interest rate hikes by the Federal Reserve....
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