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Fletcher Building

BusinessSeptember 21

Fletcher Building paints a rosy picture

Canterbury rebuild lead contractor Fletcher Building has a record $1.82 billion work backlog but analysts see the rebuild throwing up a few more issues.
Fletcher Building paints a rosy picture
Fletcher Building paints a rosy picture
BusinessAugust 19

Sales, profit gains tipped for Fletcher

Construction lag times may be over for Fletcher Building, as positive signs of growth show in Christchurch's rebuild and more homes being built in Australia.
BusinessMay 22

Fletcher shares up on update, rebuild work

Fletcher Building shares were buoyed yesterday by an update on its divisions, in particular in relation to earthquake rebuilding work in Canterbury.
BusinessMay 6

Views differ on Fletcher Building after broker presentation last week

Fletcher Building has become a much-watched stock after a broker presentation in Australia late last week sent the share price down, before a small rally yesterday.
Views differ on Fletcher Building after broker presentation last week
Views differ on Fletcher Building after broker presentation last week
BusinessFebruary 20

Strong NZ result for Fletcher

Fletcher Building has delivered an increased after-tax profit, bettering analysts' expectations.
Strong NZ result for Fletcher
Strong NZ result for Fletcher
BusinessJanuary 29

Fletcher to reset interest on notes

Fletcher Building can expect a large benefit from declining funding costs when it rolls over $75 million of capital notes in mid-March, resetting the interest rate down by 3.5%.
Fletcher to reset interest on notes
Fletcher to reset interest on notes
BusinessJanuary 21

Fletcher's share price builds on better news

Investor confidence has been repaid as billions flow back into Fletcher Building's market capitalisation, buoyed by housing and construction in New Zealand, Australia and the United States.
BusinessJanuary 14

Fletcher building profits may erode

Fletcher Building shares have hit a 20-month high, but the forecast strength of the New Zealand dollar against its United States counterpart could erode long-term after-tax profits.
Fletcher building profits may erode
Fletcher building profits may erode
BusinessNovember 20

More homes expected; Fletcher shares soar

Shares in Fletcher Building were boosted to a year high yesterday on news earnings growth could be beyond 20% for 2013 from anticipated buoyancy in new-home construction.
More homes expected; Fletcher shares soar
More homes expected; Fletcher shares soar
BusinessOctober 9

Fletcher steady but outlook more positive for 2014

Fletcher Building is picking a relatively flat trading year for 2013 but the Christchurch rebuilding and major infrastructure projects should underpin improving results in 2014.
Fletcher steady but outlook more positive for 2014
Fletcher steady but outlook more positive for 2014
BusinessAugust 22

Fletcher's financial result takes hit

Restructuring costs and low work volumes in New Zealand and Australia soured Fletcher Building's financial result, with its after-tax profit coming in at the lower end of guidance and 12% down on last year.
Fletcher's financial result takes hit
Fletcher's financial result takes hit
BusinessAugust 20

Lower-end profit expected

Analysts are picking Fletcher Building - the lead contractor of Christchurch's multibillion-dollar rebuilding - will deliver after-tax profit at the lower end of its forecast range of $310 million to $340 million range tomorrow.
Lower-end profit expected
Lower-end profit expected
BusinessApril 23

German-based group undercuts Fletcher by half

A major German-headquartered company is undercutting Fletcher Building by selling its insulation for half the price.
BusinessFebruary 22

Fletcher's profit hits doldrums

Fletcher Building has again hit the earnings downgrade button, reflecting the woeful state of the construction sector which is showing few signs of any reignition.
BusinessJanuary 19

Fletcher Building's value keeps getting rattled

The latest swarm of Christchurch earthquakes has prompted speculation that the lead rebuilding work contractor, Fletcher Building Ltd, might be considering further downgrades.
BusinessJanuary 11

Fletcher's value 'deep', broker says

Fletcher Building shares have shed $2.3 billion in market capitalisation during the past nine months, reflecting the increasingly dour outlook for the construction sector this year.
Fletcher's value 'deep', broker says
Fletcher's value 'deep', broker says
BusinessOctober 13

Market responds to downgrade

Fletcher Building's first half 10% earnings downgrade this week has prompted brokerages to downgrade their own full year after-tax profit expectations by between 15% and 18%.
Market responds to downgrade
Market responds to downgrade
BusinessOctober 12

Fletcher Building lowers expectations

Fletcher Building shares plunged yesterday after the company slashed its first-half earnings outlook by 10% to just under $150 million in the face of declining residential and commercial work and after last weekend's 5.5 earthquake in Christchurch, which might further delay rebuilding.
BusinessSeptember 28

Fletcher Building plans its expansion

Fletcher Building is providing plenty of positive signals to the market this week with three announcements in two days, Craigs Investment Partners broker Peter McIntyre says.
Fletcher Building plans its expansion
Fletcher Building plans its expansion
BusinessAugust 17

Fletcher Building profit better than expected

Fletcher Building booked more than $100 million in one-off costs for its full-year to June result yesterday, but managed to beat analysts' expectations to deliver an improved after-tax profit of $359 million.
BusinessAugust 14

Building sector biding its time

The past year for the construction sector has been tough, with historical lows in residential and commercial building activity. With Fletcher Building delivering its full-year result on Wednesday, business reporter Simon Hartley looks at the sector with Craigs Investment Partners broker Peter McIntyre and Forsyth Barr broker Tony Conroy.
BusinessMay 31

Claims Fletcher now SOE dispelled

Claims through an anonymous email circulating the country that the mainstay company of the Christchurch earthquake demolition and rebuilding, Fletcher Building, has been taken over as a state-owned enterprise holds no credence, according to stockbrokers.
BusinessMay 29

Craigs downgrades forecast for Fletcher

Fletcher Building's forecast profit for the full-year 2012 has been downgraded over concern the New Zealand and Australian residential housing markets will remain soft and the rebuilding in Christchurch will begin later than expected.
Craigs downgrades forecast for Fletcher
Craigs downgrades forecast for Fletcher
BusinessApril 8

Fletcher expects $3b boost in revenue, 18% ebit rise

Fletcher Building is expecting a revenue boost to almost $10 billion for its full-year result, in the wake of its successful more-than-$1 billion takeover of Australian company Crane Group.
BusinessMarch 18

Conditions of low-ball offer alert

Fletcher Building yesterday warned shareholders to treat with caution an offer for their shares by Fairfield Securities, a company associated with businessman Bernard Whimp.