An improving financial situation for one of our largest companies, Fletcher Building.

It's announced half-year results, weeks after agreeing to sell off its construction arm.

The company's confirmed a half-year loss of $11 million - compared to a loss of $134 million in the year before.

Milford Asset Management's Jeremy Hutton unpacked the reactions.

LISTEN ABOVE

An improving financial situation for one of our largest companies, Fletcher Building.
It's announced half-year results, weeks after agreeing to sell off its construction arm.
The company's confirmed a half-year loss of $11 million - compared to a loss of $134 million in the year before.
Milford Asset Management's Jeremy Hutton unpacked the reactions.
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

Jeremy Hutton: Milford Asset Management expert on the market reactions to Fletcher Building

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/06185d8c-4116-4f23-8ba7-b3f500733e25/transcript

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.

Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.

Sam Dickie from Fisher Funds explained further.

LISTEN ABOVE

The ongoing conflict in the Middle East has been taking place for five weeks, and it's started to impact financial results.
Data shows business confidence has plunged over the last month, airlines are cutting down projected results and retail and construction have taken a hti.
Sam Dickie from Fisher Funds explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the ongoing economic costs of the Iran war

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/034db659-c22d-4f07-aaa5-b42000759399/transcript

A farmer has revealed he gets paid 60 cents for 1kg of peas - which were selling for $5.79 at the local Pak’n’Save.

This has prompted questions about where the extra margin goes, especially following the planned closures at McCain and Watties.

Foodstuffs North Island CEO Chris Quin says it's unclear where the $5.79 figure came from.

"It's certainly not easy, and I think that's what we're seeing with McCain and Watties - it's pretty tragic news." 

LISTEN ABOVE

A farmer has revealed he gets paid 60 cents for 1kg of peas - which were selling for $5.79 at the local Pak’n’Save.
This has prompted questions about where the extra margin goes, especially following the planned closures at McCain and Watties.
Foodstuffs North Island CEO Chris Quin says it's unclear where the $5.79 figure came from.
"It's certainly not easy, and I think that's what we're seeing with McCain and Watties - it's pretty tragic news."&nbsp;
LISTEN ABOVE

Chris Quin: Foodstuffs North Island CEO on farmers raising questions over supermarket food prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4fdd5ef8-66c4-4af4-aa0b-b4200065c59a/transcript

ASB is facing a fine of around $6 million for breaching anti-money laundering rules. 

Banks are required to do their due diligence with their money, in order to comply with existing legislation - but ASB hasn't followed the right systems. 

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

ASB is facing a fine of around $6 million for breaching anti-money laundering rules.&nbsp;
Banks are required to do their due diligence with their money, in order to comply with existing legislation - but ASB hasn't followed the right systems.&nbsp;
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on ASB facing a $6 million dollar fine for breaching anti-money laundering rules

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b17d60b5-18a6-4d98-a1a3-b41f0075944a/transcript

Jeremy Hutton: Milford Asset Management expert on the market reactions to Fletcher Building

In 1 playlist(s)

Best of Business

Social links

Follow podcast

Recent clips