
Stock slides as Fletcher earnings drop
Bad business purchases here and in Australia hit Fletcher Building's bottom line result yesterday, leaving some shareholders keen to sell.
Bad business purchases here and in Australia hit Fletcher Building's bottom line result yesterday, leaving some shareholders keen to sell.
A Supreme Court ruling that clears up a contentious area of insolvency law could put a hand brake on liquidators trying to claw back funds.
The Supreme Court has today unanimously reversed an earlier ruling on liquidators' abilities to claw back money, which subcontractors and tradespeople had rallied against.
An industry chief has welcomed the new Matrix house-building factory in Trentham.
Northcote MP Jonathan Coleman won't say whether he supports the SkyPath proposed for beneath the Auckland Harbour Bridge but he is in favour of people using the bridge.
John Key says the SkyCity convention centre plan grew in both size and "flashness" until public backlash persuaded the Government not to spend any more money on it.
Rising New Zealand commercial and house-building could buoy this week's Fletcher Building result as analysts highlighted domestic activity as a big profit driver.
Arch Hill residents have won concessions from big-box retailer Bunnings in an attempt to minimise the effects of the controversial new store on their Auckland neighbourhood.
New Zealand's first factory turning out finished houses has opened in Wellington, aiming to produce up to 500 places annually.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
First-home buyers struggling to get on the property ladder are turning to new builds, which fall outside the high loan-to-value-ratio restrictions.
The RMA Knights who say no have been a shadowy tribe until now and it's been hard to pin much damage to the economy on them, writes Bernard Hickey.
The number of skilled vacancies advertised online in New Zealand rose 1.1 per cent last month to its highest level in nearly six years as the Canterbury rebuild increased demand for skilled....
Residents will next month begin moving in to the new $250 million high-rise SugarTree apartment development between Nelson St and Union St.
A Court of Appeal win for a Christchurch company which dug up a carpark over a $300,000 payment reinforces the importance of clear communication in arrangements.
New figures show there's been a big hike in demand for jobs over the past year. So what vacancies are employers looking to fill - and where?
The Commerce Commission says it found no evidence that Fletcher Building's Winstone Wallboards unit engaged in anti-competitive behaviour to protect its dominance in the market.
Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products.
Auckland's first house-building factory is being planned for Pokeno and could produce components for two-and-a-half houses a day.
The $205 million development proposes to build 231 apartments on the carpark at the Alexandra Park stadium/raceway.
Auckland homeowners made wealthy by their latest Auckland Council valuations are borrowing to do up their houses.
A plan aimed at tackling Auckland's housing supply shortage has surpassed expectations in its first year, the Government and Auckland Mayor Len Brown say.
Andrew Rolfe, Fletcher Construction project manager, said a 16m hole on the corner of Halsey St and Gaunt St in the Wynyard Quarter had now been completed.
New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.
Gardening is the gigantic seller for New Zealand's biggest DIY, homeware, trade and household goods chains, dominating all other product category lines.