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UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits
Fletcher Building

UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits

Fletcher stock plunges 4.5% amid profit dive and scrapped franking credits, with full-year earnings to hit the lower target end.

By Pattrick Smellie • 4 min read • Wed, 18th Feb 2015
MARKET CLOSE: NZ shares rise led by Fletcher ahead of earnings
Fintech

MARKET CLOSE: NZ shares rise led by Fletcher ahead of earnings

NZ shares surge, led by Fletcher Building, amidst investor optimism before the company's expected robust earnings reveal next week.

By Pattrick Smellie • 3 min read • Fri, 13th Feb 2015
MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes
NZX

MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes

New Zealand shares fell from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite for re.

By Pattrick Smellie • 3 min read • Mon, 9th Feb 2015
Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake
Shares

Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake

Salt Funds Management has cemented its position as a key player by acquiring a 7.8% share in Methven, betting on the company's growth.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015
MARKET CLOSE: NZ shares increase as oil price recovery fuels equities; Skellerup gains
Power / Energy

MARKET CLOSE: NZ shares increase as oil price recovery fuels equities; Skellerup gains

New Zealand shares edged up as the ongoing recovery in oil prices stoked investors' demand for worldwide equity markets.

By Pattrick Smellie • 4 min read • Wed, 4th Feb 2015
MARKET CLOSE: NZ shares rise as RBA rate cut stokes demand for yield
Fintech

MARKET CLOSE: NZ shares rise as RBA rate cut stokes demand for yield

New Zealand shares gained after the Reserve Bank of Australia cut its cash rate to a record low, making the returns on offer in New Zealand more at.

By Pattrick Smellie • 3 min read • Tue, 3rd Feb 2015
MARKET CLOSE: NZ shares resume rally led by MRP; Kathmandu tumbles
Fintech

MARKET CLOSE: NZ shares resume rally led by MRP; Kathmandu tumbles

New Zealand shares rose, heading back toward a record high after a two-day slide, as investors regained their appetite for companies offering relat.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015
MARKET CLOSE: NZ shares fall led by Steel & Tube, NZOG as oil weakens; Spark, MRP gain
Health Technologies

MARKET CLOSE: NZ shares fall led by Steel & Tube, NZOG as oil weakens; Spark, MRP gain

New Zealand shares fell, led by Steel & Tube Holdings, New Zealand Oil and Gas and Fletcher Building, joining a global sell off in equities in the.

By Pattrick Smellie • 3 min read • Tue, 6th Jan 2015
MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls
Fintech

MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls

New Zealand shares rose to a record close in light holiday trading, led by companies that have been sold off in recent months, including Xero and N.

By Pattrick Smellie • 3 min read • Mon, 29th Dec 2014
MARKET CLOSE: NZ shares rise in pre-Xmas trading; Kathmandu snaps declines; POT at record
NZX

MARKET CLOSE: NZ shares rise in pre-Xmas trading; Kathmandu snaps declines; POT at record

NZ shares see a slight pre-Xmas rise, Kathmandu rebounds from losses, while Port of Tauranga hits a record high.

By Pattrick Smellie • 3 min read • Wed, 24th Dec 2014
Bunnings triples annual profit in NZ as pickup in construction spurs demand
Fletcher Building

Bunnings triples annual profit in NZ as pickup in construction spurs demand

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

By Pattrick Smellie • 2 min read • Wed, 10th Dec 2014
Alliance hires former Fletcher exec Surveyor to head up meat group
Partner Programmes

Alliance hires former Fletcher exec Surveyor to head up meat group

Alliance Group, the world's largest processor and exporter of sheepmeat, has hired former Fletcher Building executive David Surveyor to head up the.

By Pattrick Smellie • 2 min read • Fri, 5th Dec 2014
MARKET CLOSE: NZ shares fall; Meridian, Genesis, MRP decline
Power / Energy

MARKET CLOSE: NZ shares fall; Meridian, Genesis, MRP decline

New Zealand share fell, paced by Meridian Energy, Contact Energy and MightyRiverPower as some investors looked to crystalise recent gains.

By Pattrick Smellie • 4 min read • Mon, 24th Nov 2014

Global Stories

Fletcher Building stories

MARKET CLOSE: NZ shares close at new record as earnings season looms; Heartland gains
Health Technologies

MARKET CLOSE: NZ shares close at new record as earnings season looms; Heartland gains

New Zealand shares rose for a fourth day, closing at a new record, as a lack of profit warnings ahead of the earnings season reinforced confidence.

By Pattrick Smellie • 3 min read • Thu, 5th Feb 2015
MARKET CLOSE: NZ shares join global rally; Trade Me, Kiwi Property advance
Trade Me

MARKET CLOSE: NZ shares join global rally; Trade Me, Kiwi Property advance

New Zealand shares rose, paced by Trade Me Group and Kiwi Property Group, joining a global rally on speculation US interest rates will remain low.

By Pattrick Smellie • 3 min read • Sat, 10th Jan 2015
MARKET CLOSE: NZ shares fall as Warehouse lowers guidance; Goodman gains on yield hunt
NZX

MARKET CLOSE: NZ shares fall as Warehouse lowers guidance; Goodman gains on yield hunt

New Zealand shares fell, led by Warehouse Group as investors mulled a possible dividend cut after it downgraded first-half guidance.

By Pattrick Smellie • 3 min read • Wed, 7th Jan 2015
MARKET CLOSE: NZ shares fall with oil; OceanaGold, Fletcher slip; Air NZ gains
Power / Energy

MARKET CLOSE: NZ shares fall with oil; OceanaGold, Fletcher slip; Air NZ gains

New Zealand shares joined in a global sell off, led by OceanaGold Corp and Fletcher Building, as investors were spooked by a falling oil price.

By Pattrick Smellie • 4 min read • Wed, 17th Dec 2014
Fletcher appoints Spaniard Irazusta to lead light building products unit
Sealord

Fletcher appoints Spaniard Irazusta to lead light building products unit

Fletcher Building, the country's biggest listed company, has appointed a former senior executive at CRH, a Dublin-based building materials group,,t.

By Pattrick Smellie • 2 min read • Fri, 5th Dec 2014