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.
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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.
Read more →Fletcher Building exits Sims recycling joint venture
Fletcher Building Ltd has reached agreement to sell its 50% stake in the Sims Pacific Metals Ltd recycling joint venture to Sims Metal Management Ltd of Australia for $42 million.
Read more →Hassall to chair Fletcher Building, 4 new directors named
Fletcher Building Ltd will have a new chair & 4 new directors on 1 September. 2 directors will retire.
Read more →Australia the next big focus for Fletcher, offsite construction an innovation example
Fletcher Building Ltd chief executive Ross Taylor said in a presentation in Sydney yesterday the group intended to grow its Australian business over the next 5 years to be bigger than its New Zealand construction & building products business.
Read more →Fletcher Building strategy amounts to a spring clean – board announcement tomorrow
Fletcher Building Ltd confirmed its revised strategy today, but will make another announcement about board changes tomorrow.
Read more →Fletcher Building to present strategy live online from Sydney on Thursday
Fletcher Building Ltd will present its strategy to investors & analysts in Sydney on Thursday at 11am NZ time.
Read more →Updated: Retail bookbuild shortfall for Fletcher Building, margin increase on US debt
Fletcher Building Ltd retail shareholders took up only 58% of their entitlement in the company’s $750 million share offer, and the $97 million balance was taken to a shortfall bookbuild overnight.
Read more →Institutional bookbuild puts $1.35 premium on Fletcher shares
Fletcher Building Ltd shares resumed trading today after the institutional shortfall bookbuild of the company’s $750 million fully underwritten pro rata accelerated 1:4.46 entitlement offer of new shares.
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