Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.


All category news

  • UPDATE 2-NZ's Fletcher Building sees NZ$160 mln loss from buildings unit, names CEO

    24 October 2017 10:07 PM 63

    * Shares fall 5.7 percent after trading halt ends (Adds chairman and analyst quotes) Oct 25 (Reuters) - Fletcher Building Ltd said on Wednesday its 2018 financial year earnings would be hit by a NZ$160 million ($110.38 million) loss before interest and tax at its building business as project cost overruns and labour shortages continue to weigh on New Zealand’s

  • Norris offers apology as Fletcher Building forecasts 2018 B+I loss of $160M, further provisions

    24 October 2017 9:13 PM 68

    Fletcher Building has taken a further $125 million provision against problematic construction contracts including the Convention Centre and the Justice Precinct in Christchurch and said its B&I unit would report a full-year loss of $160 million, including $35 million of overhead costs. A trading halt was lifted on Fletcher's shares following the announcement

  • Fletcher Building names new CEO

    24 October 2017 9:08 PM 88

    Taylor, who will take up the position on November 22, was previouly chief executive of UGL an international engineering and construction business based in Australia. Taylor takes over from Francisco Irazusta who has been the interim CEO since July when former chief executive Mark Adamson left the company immediately as it announced a second earnings

  • Dairy fund takes stake in Lewis Road

    24 October 2017 4:24 AM 73

    Oct. 24 (BusinessDesk) - Dairy farming investment fund Southern Pastures has taken an undisclosed but significant stake in Lewis Road Creamery, with executive chairman Prem Maan set to join the Lewis Road board. The investment "will enable further expansion of Lewis Road’s popular product portfolio in New Zealand, and support the company’s push towards

  • Fletcher Building halts trading following profit downgrades

    23 October 2017 8:39 PM 85

    Fletcher Building has gone into a trading halt while it reviews the financial performance of one of its units, following two profit downgrades earlier this year. The company has told stock exchange it's reviewing the financial performance of its Building and Interiors business unit. It's also reviewing how that will affect its earnings guidance for the current

  • Fletcher shares halted as construction review looms over earnings; new CEO pending

    23 October 2017 8:39 PM 63

    Fletcher Building shares are in a trading halt ahead of tomorrow's annual meeting as a review of its Building + Interiors (B+I) business unit hangs over the company's 2018 earnings outlook, and with a new chief executive set to be announced. Auckland-based Fletcher downgraded earnings twice last year as escalating construction costs and a lack of oversight

  • Trump Plan for Coal, Nuclear Power Draws Fire From Environmental, Oil Groups

    22 October 2017 5:27 PM 74

    Critics from factions often at odds are calling Trump administration’s proposal a bailout for struggling power plants WASHINGTON—A Trump administration proposal aimed at shoring up coal-fired and nuclear power plants across the nation has generated opposition from an array of energy and consumer interests, including some who are often at odds on energy

  • National Australia Bank Ltd. (NABZY) New Price Targets

    22 October 2017 1:03 PM 64

    According to the most recent research notes issued by analysts 1 analyst has outstanding research reports on National Australia Bank Ltd. (NABZY), whilst 1 of which rate the stock “Buy”, 0 “Outperform”, 0 “Underperform”, 0 “Sell”, while 0 “Hold”. The latest updates which have been released by analysts/brokers for National Australia Bank Ltd. (NABZY)

  • Two Rebels motorcycle gang bikies escorted off flight in Tasmania

    22 October 2017 9:43 AM 71

    Two Rebels outlaw motorcycle gang members have been escorted off a Qantas flight in Hobart, police say. Tasmania Police confirmed they were called to assist the staff about 5:20pm on Sunday, delaying the Hobart-Melbourne flight. Police said no violence occurred and no-one was injured on the flight that Tasmanian Liberal senators Eric Abetz and David

  • Next Weeks Broker Price Targets For Australia And New Zealand Banking (ANZBY) (ANZBY)

    22 October 2017 6:22 AM 54

    Stock market analysts and brokers have recently amended their target prices on shares of Australia and New Zealand Banking (ANZBY) (ANZBY). 06/13/2014 – Australia and New Zealand Banking (ANZBY) was upgraded to “buy” by analysts at Goldman Sachs. 04/16/2014 – Australia and New Zealand Banking (ANZBY) was upgraded to “hold” by analysts at Zacks. The share