Rising New Zealand commercial and house-building could buoy this week's Fletcher Building result as analysts highlighted domestic activity as a big profit driver.

New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.

The Commerce Commission says it found no evidence that Fletcher Building's Winstone Wallboards unit engaged in anti-competitive behaviour to protect its dominance in the market.

Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products.

The judges say Fletcher Building's board has consistently managed its succession planning well.

New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.

Andrew Rolfe, Fletcher Construction project manager, said a 16m hole on the corner of Halsey St and Gaunt St in the Wynyard Quarter had now been completed.

October was a crazy month for financial markets.

Professional investors have questioned the value to Goodman Property Trust of Singapore's Government Investment Corporation's acquisition of a 49 per cent stake in Auckland's Viaduct Quarter.

Singapore's sovereign wealth fund has bought a half stake in some of Auckland's newest commercial buildings in the Viaduct Quarter.

Fletcher Construction's efforts here during World War II and its aftermath are detailed in a second huge volume about the business.

Fletcher Building has forecast an 11 per cent operating earnings uplift by as much as $66 million this financial year but some shareholders still expressed dissatisfaction at yesterday's AGM in Auckland.

New Zealand shares gained for a third day yesterday, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare rose to a record.

New Zealand's biggest residential repair job is nearly finished, with Fletcher Earthquake Recovery completing most of the Christchurch housing repair backlog.

Work at four of Fletcher Building's main manufacturing plants in Auckland is on hold because of the power cut still affecting the city.

Property and construction bosses want the Government to reform the Resource Management Act, an extension of Special Housing Areas, the creation of more affordable housing in Auckland and Christchurch and perhaps the introduction of some form of capital ga

Fletcher Residential has applied to Auckland Council to have the Three Kings quarry re-zoned for apartments up to 10 levels high in the deep pit.

At long last the cavalry has ridden in to deal to Auckland's housing crisis. Indeed, not one cavalry, but several.

New Zealand's biggest builder is about to start a $40 million makeover at its own global headquarters, after buying its headquarters back from Tauranga's Carrus Corporation.

A Melbourne engineer with some of London's biggest commercial and residential building projects under his belt is Fletcher Building's new housing boss.

New Zealand's biggest listed company is planning a five-fold surge in house building, concentrating mainly on Auckland, where it is negotiating to buy a big site in the city's northwest.