Shareholders call to break up Fletcher Building

Morning Report

English - February 13, 2024 18:24 - 5 minutes - 5.06 MB - ★★★★ - 11 ratings
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The Shareholders Association says Fletcher Building's board should break up the company as investors brace for bad news this morning.
Fletcher Building shares were placed in a trading halt on Monday February 12.
The company surprised the market with cost increases to cover likely losses on a couple of big projects, the NZ International Convention Centre and Wellington Airport, now expected to be around $180million.
Chief executive of the Shareholders Association, Oliver Mander, spoke to Corin Dann.