Fletcher Building downgrades sitting at $400m-plus as announcement looms
Today's announcement is likely to involve further downgrades for the business.
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.
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.
Fletcher to address NZSA's performance concerns as lobby drops call to spill board.
WorkSafe data reveals details of 14 accidents at Christchurch Justice Precinct.
Consultants will review its two biggest construction projects.
Today the company's quarry workers down tools over pay and conditions.
Workers at Fletcher's Winstone quarry in Hunua are picketing the quarry today.
NZ Refining stock falls amid pipeline repiar, while Synlait retreats from high.
Fletcher Building spoils the party while A2 Milk is the cream of the crop.
Fletcher Building board's critics 'don't know much about construction', says Binns.
COMMENT: Norris not toeing Shareholders' Association line.
Chairman reassures that Fletcher is still 'a good business'.
Mark Adamson was paid a $2.9m exit package when he left Fletcher Building last month.