Fletcher Building says it's not out of the woods yet, but their financial situation is improving.

It recorded an $11 million half-year loss  - down from $134 million the year before.

Earnings are out of the red at $45 million, compared to $-88 million the year before.

Chief executive Andrew Reding says they'll take a while to get back on track.  

"We're not forecasting great times for our financial year 2026, and indeed think that the calendar year 2027 is when things are lined up and moving properly."

LISTEN ABOVE

Fletcher Building says it's not out of the woods yet, but their financial situation is improving.
It recorded an $11 million half-year loss &nbsp;- down from $134 million the year before.
Earnings are out of the red at $45 million, compared to $-88 million the year before.
Chief executive Andrew Reding says they'll take a while to get back on track. &nbsp;
"We're not forecasting great times for our financial year 2026, and indeed think that the calendar year 2027 is when things are lined up and moving properly."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Andrew Reding: Fletcher Building CEO on the company posting a smaller half-year loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f332c449-0ec6-4d7a-96bb-b3f5005bf8cd/transcript

On Saturday Donald Trump announced a 10% levy on all goods coming into the US in response to the Supreme Court ruling his other tariffs unconstitutional.

The new global tariffs were updated to 15% on Sunday.

Economist Cameron Bagrie joined Tim Beveridge to talk about the implications for kiwi businesses. 

LISTEN ABOVE 

On Saturday Donald Trump announced a 10% levy on all goods coming into the US in response to the Supreme Court ruling his other tariffs unconstitutional.
The new global tariffs were updated to 15% on Sunday.
Economist Cameron Bagrie joined Tim Beveridge to talk about the implications for kiwi businesses.&nbsp;
LISTEN ABOVE&nbsp;

Cameron Bagrie: Economist on new Trump tariffs' impact for kiwis

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b0bd8758-6c5d-4ad9-a4b8-b3f9005ef48a/transcript

US President Donald Trump is pushing ahead with another round of global tariffs, just a day after being told last year’s levies were illegal.

In a post on social media, Trump confirmed he’ll lift the tariffs to 15 percent, higher than the 10 percent rate he announced yesterday.

The move comes after a Supreme Court ruling found his sweeping trade measures from last year were unlawful.

Former US Under Secretary of Commerce and Security Bill Reinsch says this will make it harder for Trump to threaten and bully other countries with even higher tariffs.

"He won't be able to do that anymore, and I think that's why he's really unhappy. It's also a significant limitation on Presidential power, the real importance of this decision is historic." 

LISTEN ABOVE

US President Donald Trump is pushing ahead with another round of global tariffs, just a day after being told last year’s levies were illegal.
In a post on social media, Trump confirmed he’ll lift the tariffs to 15 percent, higher than the 10 percent rate he announced yesterday.
The move comes after a Supreme Court ruling found his sweeping trade measures from last year were unlawful.
Former US Under Secretary of Commerce and Security Bill Reinsch says this will make it harder for Trump to threaten and bully other countries with even higher tariffs.
"He won't be able to do that anymore, and I think that's why he's really unhappy. It's also a significant limitation on Presidential power, the real importance of this decision is historic."&nbsp;
LISTEN ABOVE

Bill Reinsch: former US Under Secretary of Commerce and Security on Trump imposing a 15 percent global tariff following Supreme Court ruling

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/feb483e0-b513-455b-bfff-b3f8016828f1/transcript

Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.

Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.

FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

Confidence green pastures lie ahead for Fonterra, as the sale of brands like Anchor and Mainland nears completion.
Almost 99 percent of shareholders voted today to get the tax-free $3.2 billion capital return, from the purchase by French company Lactalis.
FedFarmers Dairy Chair, Karl Dean, says the sale is part of Fonterra's move to focus on ingredients.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Jamie Mackay: The Country host on Fonterra shareholders voting to receive the tax free capital return from the Mainland sale

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/915a38a9-f859-4c9e-883d-b3f60074c96e/transcript

Andrew Reding: Fletcher Building CEO on the company posting a smaller half-year loss

Best of Business

In 1 playlist(s)

Best of Business

Social links

Follow podcast

Recent clips