Fletcher Building can expect a significant financial hit, after revealing they put another $180 million aside for repairs.

Costs have blown out on two big projects- Auckland's International Convention Centre and the Wellington International Airport Car Park.

Milford Asset Management's Jeremy Hutton says this cost blowout is putting a strain on Fletcher's balance.

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Fletcher Building can expect a significant financial hit, after revealing they put another $180 million aside for repairs.
Costs have blown out on two big projects- Auckland's International Convention Centre and the Wellington International Airport Car Park.
Milford Asset Management's Jeremy Hutton says this cost blowout is putting a strain on Fletcher's balance.
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

Jeremy Hutton: Milford Asset Management Equities Analyst on Fletcher Building's multi-million dollar loss and projected outlook

A senior UK Cabinet minister is the latest to call for Sir Keir Starmer to step aside after poor local election results last week.

Four Labour MPs have quit as ministerial aides and more than 70 MPs, including Home Secretary Shabana Mahmood, have publicly urged the Prime Minister to resign or set out a timetable for leaving. 

UK correspondent Enda Brady says it's unknown who could take over Starmer's role, but the pressure is mounting.

LISTEN ABOVE

A senior UK Cabinet minister is the latest to call for Sir Keir Starmer to step aside after poor local election results last week.
Four Labour MPs have quit as ministerial aides and more than 70 MPs, including Home Secretary Shabana Mahmood, have publicly urged the Prime Minister to resign or set out a timetable for leaving.&nbsp;
UK correspondent Enda Brady says it's unknown who could take over Starmer's role, but the pressure is mounting.
LISTEN ABOVE

Enda Brady: UK correspondent on the additional calls for Sir Keir Starmer to resign

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e1bc866c-1953-427e-be21-b4480088eddb/transcript

Treasurer Jim Chalmers is set to deliver the next Australian federal budget, and reports indicate it's going to be focused on housing.

It's likely new property tax reforms will be unveiled, with an expected crackdown on capital gains tax discounts and negative gearing.

HSBC Chief Economist Paul Bloxham explained further.

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Treasurer Jim Chalmers is set to deliver the next Australian federal budget, and reports indicate it's going to be focused on housing.
It's likely new property tax reforms will be unveiled, with an expected crackdown on capital gains tax discounts and negative gearing.
HSBC Chief Economist Paul Bloxham explained further.
LISTEN ABOVE

Paul Bloxham: HSBC Chief Economist ahead of Australia's 2026 federal budget

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0413e3d0-e7c1-44e7-816b-b44800872442/transcript

Rabobank has just released their latest agribusiness monthly report for May, and it's good news for Kiwi farmers.

The report has positive prospects for beef and dairy, thanks to ongoing international demand.

The Country's Jamie Mackay explained further.

LISTEN ABOVE

Rabobank has just released their latest agribusiness monthly report for May, and it's good news for Kiwi farmers.
The report has positive prospects for beef and dairy, thanks to ongoing international demand.
The Country's Jamie Mackay explained further.
LISTEN ABOVE

Jamie Mackay: The Country host on what the latest Rabobank agribusiness monthly report means for Kiwi farmers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/36d1129d-b56c-47b5-bc45-b44800852c4e/transcript

Jeremy Hutton: Milford Asset Management Equities Analyst on Fletcher Building's multi-million dollar loss and projected outlook

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