Fletcher Building has confirmed a new focus on building materials.

The construction giant's announced a net loss of $419 million for the past year, compared to a loss of $227 million last year.

It's already been looking for buyers for its construction division and some other subsidiaries.

Fletcher CEO Andrew Reding says this is the toughest things have been since the GFC.

"It's highly unusual when you get both your residential infrastructure and your commercial market segments all crashing down at the same time."

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Fletcher Building has confirmed a new focus on building materials.
The construction giant's announced a net loss of $419 million for the past year, compared to a loss of $227 million last year.
It's already been looking for buyers for its construction division and some other subsidiaries.
Fletcher CEO Andrew Reding says this is the toughest things have been since the GFC.
"It's highly unusual when you get both your residential infrastructure and your commercial market segments all crashing down at the same time."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Andrew Reding: Fletcher Building CEO on the company posting a multi-million dollar net loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6700d1e4-ae5e-49ee-b6b6-b33f0073e7b6/transcript

There's a new travel trend that's taking the world by storm for 2026, and it's set to give local stores an extra boost.

Over the last few months, 'grocery tourism' has seen foreigners exploring supermarkets on their travels and seeking out products they can't buy at home.

Sarah Pollok from the NZ Herald says travellers are looking to cut costs and get an authentic look at the places they visit, and nothing quite matches that description like the weekly shop.

"There's a bit of nostalgia there - there's old American candy or British products that they want to bring home. But then sometimes it's just the bizarre things that you'll find in other countries, like different flavours." 

LISTEN ABOVE

There's a new travel trend that's taking the world by storm for 2026, and it's set to give local stores an extra boost.
Over the last few months, 'grocery tourism' has seen foreigners exploring supermarkets on their travels and seeking out products they can't buy at home.
Sarah Pollok from the NZ Herald says travellers are looking to cut costs and get an authentic look at the places they visit, and nothing quite matches that description like the weekly shop.
"There's a bit of nostalgia there - there's old American candy or British products that they want to bring home. But then sometimes it's just the bizarre things that you'll find in other countries, like different flavours."&nbsp;
LISTEN ABOVE

Sarah Pollok: NZ Herald multimedia journalist explains why 'grocery tourism' is taking off

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e17e01df-4178-4a80-93a1-b3f6005eee36/transcript

There's speculation that US President Donald Trump is about to launch a major bombing campaign against Iran. 

US aircraft have been moving towards the Middle East, and a Washington DC source has told international media there's a 90 percent chance of war in coming weeks.

Waikato University's Al Gillespie says it's entirely possible, given Donald Trump's desire to show strength.

But he says it could have major consequences. 

"Everyone's thinking Venezuela - like, you cut the head off the snake, but here, it's a very big snake. If you removed the Ayatollah, you're likely to have problems with the Revolutionary Guard."

LISTEN ABOVE

There's speculation that US President Donald Trump is about to launch a major bombing campaign against Iran.&nbsp;
US aircraft have been moving towards the Middle East, and a Washington DC source has told international media there's a 90 percent chance of war in coming weeks.
Waikato University's Al Gillespie says it's entirely possible, given Donald Trump's desire to show strength.
But he says it could have major consequences.&nbsp;
"Everyone's thinking Venezuela - like, you cut the head off the snake, but here, it's a very big snake. If you removed the Ayatollah, you're likely to have problems with the Revolutionary Guard."
LISTEN ABOVE

Al Gillespie: Waikato University law professor on the US military potentially preparing to bomb Iran

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/babee558-9714-437c-99dd-b3f60059b58a/transcript

Auckland's suburban, heritage, and green areas aren't guaranteed immunity from housing intensification. 

The Government has revised the city's housing capacity number in a new plan - from just over 2 million, to 1.6 million, with more focus on the city and transport hubs. 

It follows pushback from Aucklanders - particularly in National strongholds like Ōrākei, Mt Eden and Franklin.

But Housing Minister Chris Bishop says it's ultimately up to the council where houses are built.   

"If they wish to take growth out of the suburbs, then they can do that. The strong feedback coming through is that that's what they want to do."

LISTEN ABOVE

Auckland's suburban, heritage, and green areas aren't guaranteed immunity from housing intensification.&nbsp;
The Government has revised the city's housing capacity number in a new plan - from just over 2 million, to 1.6 million, with more focus on the city and transport hubs.&nbsp;
It follows pushback from Aucklanders - particularly in National strongholds like Ōrākei, Mt Eden and Franklin.
But Housing Minister Chris Bishop says it's ultimately up to the council where houses are built. &nbsp;&nbsp;
"If they wish to take growth out of the suburbs, then they can do that. The strong feedback coming through is that that's what they want to do."
LISTEN ABOVE

Chris Bishop: Housing Minister on the Government's u-turn on Auckland housing densification

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/199dedc2-43da-458e-9680-b3f600542a8e/transcript

Andrew Reding: Fletcher Building CEO on the company posting a multi-million dollar net loss

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