Banks are profitable when they focus lending on a buoyant sector, until they get over-exposed and the sector implodes. Then what happens to deposit holders?
Fletcher Building owned Winstone Wallboards, the dominant player in the plasterboard market, is shutting down supply to home builders as its forward orders stretch to three months.
In New South Wales, Vulcan tested its drivers every morning using rapid antigen tests and tested the rest of its staff twice weekly.
Vulcan's sales volumes were up 10% but revenue jumped 35% in the six months ended December.