From the contested election of a new director to a range of issues raised by the chair & chief executive but amplified by a few questioning shareholders, Fletcher Building Ltd’s annual meeting at Eden Park yesterday had more going for it than the dry speechnotes might indicate.
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The Fletcher Building mood – outlook highly positive
The mood Fletcher Building Ltd tried to convey to its shareholders at their annual meeting yesterday was of a company enthusiastically looking forward, with a clear strategy in place.
Read more →SkyCity says insurers to cover convention centre fire costs
SkyCity Entertainment Group Ltd said today its insurers had confirmed that the company’s contract works insurance policy “will respond” in relation to damage to the NZ International Convention Centre & adjoining Horizon Hotel from the fire on 22 October.
Read more →Fletcher says insurers to cover convention centre fire costs
Fletcher Building Ltd said today its insurers had confirmed they’d cover costs arising from the SkyCity NZ International Convention Centre fire in downtown Auckland on 22 October.
Read more →Fletcher’s prefab housing factory opens
Fletcher Building Ltd held an official opening on Wednesday for its Clever Core prefabricated home factory in Wiri, which the company expects will reduce onsite build times from 22 weeks to about 6-10 weeks.
Read more →Fletcher Building starts share buyback
Fletcher Building Ltd launched its share buyback yesterday with the acquisition of just over 300,000 shares.
Read more →Fletcher Building share buyback opens Monday
Fletcher Building Ltd will open its on-market buyback for up to 70 million shares on Monday.
Read more →Fletcher Building returns to profit
Fletcher Building Ltd said today its return to profitability marked the successful execution of the first year of its 5-year strategy aimed at refocusing & growing the business.
Read more →AustralianSuper joins Logos to develop Wiri Logistics Estate
Logos Property Pty Ltd has formed a partnership with Australia’s biggest superannuation fund, AustralianSuper Pty Ltd, to develop the Wiri Logistics Estate in South Auckland.
Read more →Fletcher Building announces share buyback
Fletcher Building Ltd announced today it will undertake a capital return to shareholders of up to $300 million through an onmarket share buyback.
Read more →Early completion of Formica sale cuts Fletcher earnings
Fletcher Building Ltd said today it had completed its sale of the Formica Group to Broadview Holding BV, and also confirmed its earnings guidance for the balance of the company for the financial year ending this month.
Read more →Commercial Bay opening moves into 2020
Precinct Properties NZ Ltd has pushed back the opening dates for its Commercial Bay property in downtown Auckland to March 2020 for the retail centre and April 2020 for the new PwC Tower.
Read more →Fletcher Building agrees Formica sale, will reinstate dividends
Fletcher Building Ltd said yesterday it had entered into an agreement to sell the Formica Group to Broadview Holding BV for $US840 million ($NZ1.226 billion).
Read more →Guidance kicks Fletcher share price down as new chiefs present positive outlook at annual meeting
Fletcher Building Ltd’s positive annual meeting presentation yesterday was overshadowed by a cut in profit guidance.
Read more →Fletcher Building top table looks revitalised, but shareholders skip scrutiny
Fletcher Building Ltd’s annual meeting at Eden Park today was a good one, for many reasons. It was also a bad one, for a couple of very important reasons.
Read more →Fletcher Building sells Roof Tile Group at a loss
Fletcher Building Ltd has sold international roofing products manufacturer Roof Tile Group (RTG) to Canadian roofing company IKO Industries Ltd for $US39 million ($NZ59.8 million).
Read more →Shareholding deal changes landscape at Steel & Tube
Steel & Tube Holdings Ltd goes to its annual meeting next Thursday with Fletcher Building Ltd no longer bidding for a takeover, and a brokerage replaced by NZ Steel Ltd as a large shareholder.
Read more →Fletcher gets miffy over Steel & Tube time to get advice, pulls what was only ever a “non-binding & indicative offer”
Fletcher Building Ltd dropped its on-the-quiet attempt to buy fellow NZX-listed company Steel & Tube Holdings Ltd yesterday, 3 hours after Steel & Tube told the exchange a revised offer still undervalued it.
Read more →The price was moving, the confidentiality remains, and still-weak Fletcher insinuates Steel & Tube takeover “compelling”
Steel & Tube Holdings Ltd’s share price rose 11c to $1.34 in the 4 days before it revealed Fletcher Building Ltd’s intention to take it over.
Read more →Updated: A loss, but flow of red ink stops at Fletcher Building
Fletcher Building Ltd has stemmed the flow of red ink.
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