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.
Fletcher Building
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.
Majority stake for Fletcher
Fletcher Building has snared a majority 51.9% stake in its hostile takeover bid for rival Crane Group, a plumbing supplies and plastic pipeline-maker in Australia.
Quake spurs Fletcher profit downgrade
The economic disruption to Christchurch after last week's earthquake has prompted Fletcher Building to issue a profit downgrade - potentially $14 million to $24 million lower than previous guidance
Fletcher Building profit picked to rise
Fletcher shares climb on Crane chance
Fletcher Building shares hit a three-month high yesterday as investors flocked to the stock, emboldened by the likelihood of a successful takeover of Australian competitor Crane Group.
Crane rejects Fletcher offer
Fletcher Building will have to increase its takeover offer for Australian building supply company Crane Group after directors rejected its initial bid, brokers say.
Strong NZ result for Fletcher
Fletcher Building has delivered an increased after-tax profit, bettering analysts' expectations.
The result was underpinned by a gain of more than 30% from New Zealand earnings.
Fletcher's financial result takes hit
Building sector biding its time
The past year for the construction sector has been tough, with historical lows in residential and commercial building activity.