Fletcher Building has asked ratings agency Moody's to withdraw its credit rating of the company, as it reports continued pressures on its business and looks to cut debt.

The company has Moody's lowest investment grade rating of Baa3 rating, below which is considered a speculative grade and outside the limits for most institutional investment.

Generate investment specialist Greg Smith says the company's been selling assets over the past year and they're looking to simplify the business.

LISTEN ABOVE

Fletcher Building has asked ratings agency Moody's to withdraw its credit rating of the company, as it reports continued pressures on its business and looks to cut debt.
The company has Moody's lowest investment grade rating of Baa3 rating, below which is considered a speculative grade and outside the limits for most institutional investment.
Generate investment specialist Greg Smith says the company's been selling assets over the past year and they're looking to simplify the business.
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

Greg Smith: Generate investment specialist on Fletcher asking for credit rating to be withdrawn

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c0be9b08-6389-4887-b6c0-b46c007bfa10/transcript

New Zealand's exporters are seeing success, with the total value of exports adding up to $8.9bn in May. 

This is a rise of $1.4bn from last year, and red meat is the biggest driver. It's jumped 43% year on year - with frozen beef being particularly successful. 

Beef and Lamb Chair Kate Acland told Heather du Plessis-Allan that the success is due to a combination of factors. 

"High demand, low supply, and I think, you know, I have to say it is supported by a low Kiwi dollar at the moment."

LISTEN ABOVE

New Zealand's exporters are seeing success, with the total value of exports adding up to $8.9bn in May.&nbsp;
This is a rise of $1.4bn from last year, and red meat is the biggest driver. It's jumped 43% year on year - with frozen beef being particularly successful.&nbsp;
Beef and Lamb Chair Kate Acland told Heather du Plessis-Allan that the success is due to a combination of factors.&nbsp;
"High demand, low supply, and I think, you know, I have to say it is supported by a low Kiwi dollar at the moment."
LISTEN ABOVE

Kate Acland: Beef and Lamb Chair comments on red meat driving increase in exports

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c7abc9b0-85cc-4ecf-8f49-b46e006eb0b6/transcript

Businesses in the capital are looking forward to more certainty, with the controversial Golden Mile project now officially canned.  

Councillors voted yesterday to scrap the CBD upgrade plan in favour of more modest upgrades. 

It follows a review last week finding further budget blowouts were likely. 

Wellington Chamber of Commerce Chief Executive Hayley Horan told Mike Hosking businesses want a more vibrant city and are now feeling like they're at the table.  

She says the years of reviews and re-scopes have been exhausting, so having a decision beats another year of limbo.  

LISTEN ABOVE 

Businesses in the capital are looking forward to more certainty, with the controversial Golden Mile project now officially canned. &nbsp;
Councillors voted yesterday to scrap the CBD upgrade plan in favour of more modest upgrades.&nbsp;
It follows a review last week finding further budget blowouts were likely.&nbsp;
Wellington Chamber of Commerce Chief Executive Hayley Horan told Mike Hosking businesses want a more vibrant city and are now feeling like they're at the table. &nbsp;
She says the years of reviews and re-scopes have been exhausting, so having a decision beats another year of limbo. &nbsp;
LISTEN ABOVE&nbsp;

Hayley Horan: Wellington Chamber of Commerce CEO on the canning of the Golden Mile project

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2fac9dbf-9d5a-4ea9-8626-b46d01515084/transcript

Kevin Warsh made his debut at the wheel of the US central bank today, and it's prompted a divided response.

The Federal Reserve unanimously voted to keep interest rates unchanged today.

Sam Dickie from Fisher Funds explained further. 

LISTEN ABOVE

Kevin Warsh made his debut at the wheel of the US central bank today, and it's prompted a divided response.
The Federal Reserve unanimously voted to keep interest rates unchanged today.
Sam Dickie from Fisher Funds explained further.&nbsp;
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on Kevin Warsh making debut as Federal Reserve chair

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2013e880-4443-4d79-baae-b46d0087a4f8/transcript

Greg Smith: Generate investment specialist on Fletcher asking for credit rating to be withdrawn

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