Fletcher Building's board is unlikely to pay a first-half dividend, largely because of banking covenants and the economic backdrop.
The market is wondering whether the Reserve Bank's funding for lending programme will add more fuel to the housing market bonfire.
Fletcher Building has lifted profit margins in all divisions in the first four months of the financial year.
A standalone house on a single section, with a 20 percent deposit? Heartland has a mortgage deal for you.
Infrastructure Editor
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articles by Oliver