
Fletcher price slide sparks fears of mass stock dumping
Company's share price closed at $5.85 on Friday, compared with a two-year high of $11.02.
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?
Shareholders won't get a dividend for last six months.
Today's announcement is likely to involve further downgrades for the business.
Company has warned it is in danger of breaching bank lending covenants.
Fletcher Building might seek money from investors.
Fletcher was expected to make a market announcement this morning.
10% drop takes US into 'correction' territory, but local reaction in New Zealand is muted.
OPINION: Blue-chip duo need to face up to problems at loss-making operations.
Fletcher Building said it expects further losses at its building and interiors business.
Fletcher Building and a2 Milk among firms expected to get a lot of investor attention.
Australian newcomer brings fresh eye to construction giant's troubles.
Builders are at level 16 of Auckland's 39-floor Commercial Bay project.
COMMENT: The best option would be to either break up the company or sell non-core assets.
Sir Ralph Norris's solo performance at Fletcher Buildings AGM meeting will go a long way.
Fletcher will make no money from the Auckland convention centre.
The company outed the Justice Precinct and New Zealand International Convention Centre.
Fletcher Building has announced its new chief executive and forecast for earnings in 2018.
COMMENT: Investors may be militant at annual meeting.
COMMENT: Change of Govt provides opportunity to rescue Ihumatao from housing development.
Fletcher Building workers will continue their strike action at the company's AGM tomorrow.