Fletcher Building's chief executive and board faced up to some very disappointed shareholders at today's annual general meeting.

Company chief executive Andrew Reding revealed margins were under pressure - with revenue down 12 percent in September versus 7 percent down in July and August, compared to the year earlier.

NZ Shareholders Association CEO Oliver Mander was at the meeting, and he noted the company seemed 'humbled'.

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Fletcher Building's chief executive and board faced up to some very disappointed shareholders at today's annual general meeting.
Company chief executive Andrew Reding revealed margins were under pressure - with revenue down 12 percent in September versus 7 percent down in July and August, compared to the year earlier.
NZ Shareholders Association CEO Oliver Mander was at the meeting, and he noted the company seemed 'humbled'.
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

Oliver Mander: NZ Shareholders Association CEO on Fletcher Building disappointing shareholders at recent AGM

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6b75c08a-7840-497e-bec8-b212006fba7a/transcript

NVIDIA GTC took place last week in San Jose, where thousands of developers and industry experts gathered to discuss the latest AI breakthroughs.

The sessions revealed how AI was set to shape every major industry, with plenty of experts discussing the next steps for this new technology.

Nanotechnologist Dr Michelle Dickinson was at the event, and she revealed how AI was set to impact the business and medical sectors, among others.

LISTEN ABOVE

NVIDIA GTC took place last week in San Jose, where thousands of developers and industry experts gathered to discuss the latest AI breakthroughs.
The sessions revealed how AI was set to shape every major industry, with plenty of experts discussing the next steps for this new technology.
Nanotechnologist Dr Michelle Dickinson was at the event, and she revealed how AI was set to impact the business and medical sectors, among others.
LISTEN ABOVE

Dr Michelle Dickinson: nanotechnologist on the latest AI developments at NVIDIA GTC

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f6de6f9c-a212-4832-94c3-b414017a862c/transcript

The Wattie's restructure is likely to have a significant economic impact, where more people could be affected by the shutdown. 

Heinz Wattie's has proposed closing manufacturing facilities in Auckland, Christchurch and Dunedin, and a Hastings packing facility - impacting about 350 jobs. 

The Country's Jamie Mackay explained how the farmers and growers could be affected by this change. 

LISTEN ABOVE

The Wattie's restructure is likely to have a significant economic impact, where more people could be affected by the shutdown.&nbsp;
Heinz Wattie's has proposed closing manufacturing facilities in Auckland, Christchurch and Dunedin, and a Hastings packing facility - impacting about 350 jobs.&nbsp;
The Country's Jamie Mackay explained how the farmers and growers could be affected by this change.&nbsp;
LISTEN ABOVE

Jamie Mackay: The Country host explains the impact the Wattie’s closure could have on farmers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/42e8c6db-48fd-4b28-9941-b412006c114b/transcript

Former Reserve Bank economist Michael Reddell says it's getting harder to know how much the economy's growing or shrinking.

Stats NZ estimates GDP rose 0.2 percent in the December quarter, below most forecasts.

But Reddell says it's also revised the figures for previous quarters.

He says the 0.2 for December could still potentially be revised up as high as 0.5 percent, or as low as minus 0.1.

LISTEN ABOVE

Former Reserve Bank economist Michael Reddell says it's getting harder to know how much the economy's growing or shrinking.
Stats NZ estimates GDP rose 0.2 percent in the December quarter, below most forecasts.
But Reddell says it's also revised the figures for previous quarters.
He says the 0.2 for December could still potentially be revised up as high as 0.5 percent, or as low as minus 0.1.
LISTEN ABOVE

Michael Reddell: former Reserve Bank economist on the state of the economy following recent GDP figures

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8fa6bdd8-f226-474f-9897-b412004d5fd5/transcript

Oliver Mander: NZ Shareholders Association CEO on Fletcher Building disappointing shareholders at recent AGM

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