German-based group undercuts Fletcher by half
A major German-headquartered company is undercutting Fletcher Building by selling its insulation for half the price.
A major German-headquartered company is undercutting Fletcher Building by selling its insulation for half the price.
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.
The latest swarm of Christchurch earthquakes has prompted speculation that the lead rebuilding work contractor, Fletcher Building Ltd, might be considering further downgrades.
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
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 $3
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-owne