
Job cuts looming at Fletcher Building
Job cuts follow disastrous $952 million of losses at firm's Building + Interiors unit.
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
The Australian fund manager has more than A$5 billion in investments under its control.
Reports suggest Aussie giant Westfarmers is eyeing a 3 to 4 per cent stake in Fletcher.
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.
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.
COMMENT: NZ companies with small shareholders from abroad can be caught up in OIO net.
Australian newcomer brings fresh eye to construction giant's troubles.
Builders are at level 16 of Auckland's 39-floor Commercial Bay project.