Fletcher's boss upbeat on NZ project pipeline
Tommy Parker local training and upskilling is an imperative.
Tommy Parker local training and upskilling is an imperative.
Since Mainzeal collapsed five years ago there has been considerable industry turmoil.
The sale is most likely to attract interest from private equity buyers.
COMMENT: The construction industry is the private sector: it's bottom lines and profit.
The best and worst of times have arrived together for NZ's construction industry.
Housing scheme's boss makes a habit of tackling things head-on.
Reidy will oversee the problematic Buildings and Interiors unit in his new role.
The 90 staff were mostly in the head office at Penrose in a variety of roles.
Fletcher boss keener than ever to buy his own home and wants to stay in Parnell.
Fletcher to open new panel factory
Fletcher stayed in the index, while Mercury exited.
Investors are waiting to see whether Fletcher drops out of the key sharemarket index.
Job cuts follow disastrous $952 million of losses at firm's Building + Interiors unit.
Adamson has sold his Auckland home and is now residing in New York.
Retail investors will have next week to take up the offer.
Firm exiting its international division to concentrate on core building supplies.
Investment specialist pours cold water on Fletcher deal
Reports suggest Aussie giant Westfarmers is eyeing a 3 to 4 per cent stake in Fletcher.
Company's share price closed at $5.85 on Friday, compared with a two-year high of $11.02.
COMMENT: Ritual resignations are the wrong way to deal with an organisation's mistakes.
Fletcher believes a rent-to-buy scheme would make homeownership possible for more Kiwis.
The company's shares touched a five-year low during trading
This result was a big turnaround on its previous $301 million profit.
COMMENT: Lack of past mistakes left chairman ill-equipped when things went wrong.
NZ Herald: How did Fletcher Building gets its major project bids so wrong?
Announcement a watershed moment for Fletcher Building.