FIRST CUT: Air New Zealand lifts annual earnings 2.5% despite rising fuel prices
By Rebecca Howard Aug. 23 (BusinessDesk) - Air New Zealand lifted full-year earnings 2.5 percent despite significantly higher fuel prices, but the airline is slightly more downbeat about the current financial year as those costs continue to push higher. The Auckland-based...
Fletcher Building shares drop 5.7% as investors seek yield elsewhere
By Rebecca Howard Aug. 22 (BusinessDesk) - Fletcher Building shares dropped 5.7 percent despite news it expects to resume paying dividends in the 2019 financial year as investors look for more immediate yield. The company reported a net loss of $190 million for the 12 month...
Fletcher Building could return to B&I under the right conditions
By Rebecca Howard Aug. 22 (BusinessDesk) - Fletcher Building chief executive Ross Taylor said the company would be open to bidding on new vertical construction projects if the current procurement system changes. Fletcher and other construction companies like Ebert Construct...
UPDATE: Fletcher Building reports loss but expects to resume dividends in FY19
(Updates to add detail throughout, broker comment) By Rebecca Howard Aug. 22 (BusinessDesk) - Fletcher Building reported a full year loss but expects to resume paying dividends this year after overhauling the business in the wake of steep losses in its Building + Interiors...
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