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

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 expert on the market reactions to Fletcher Building

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/377e9a64-7fa4-4a6d-8f87-b3f500733d49/transcript

UK police are evaluating information regarding private flights linked to convicted sex offender Jeffrey Epstein.

Reports claim Epstein used London's Stansted Airport to fly women in and out of the UK - according to the new release from the US Justice Department.

UK correspondent Gavin Grey says there's been multiple reported incidents of alleged victims being flown through the airport. 

LISTEN ABOVE

UK police are evaluating information regarding private flights linked to convicted sex offender Jeffrey Epstein.
Reports claim Epstein used London's Stansted Airport to fly women in and out of the UK - according to the new release from the US Justice Department.
UK correspondent Gavin Grey says there's been multiple reported incidents of alleged victims being flown through the airport.&nbsp;
LISTEN ABOVE

Gavin Grey: UK correspondent on UK police examining the Epstein flight records

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e7d3d772-74ff-448e-8001-b3f50076b89e/transcript

The new Reserve Bank Governor is standing by the first OCR decision she's overseen - keeping the cash rate at 2.25 percent.

Anna Breman said the Bank isn't happy with inflation being at 3.1 percent, but it's likely it will drop later in the year.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

The new Reserve Bank Governor is standing by the first OCR decision she's overseen - keeping the cash rate at 2.25 percent.
Anna Breman said the Bank isn't happy with inflation being at 3.1 percent, but it's likely it will drop later in the year.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the market reactions to the OCR being left in place

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/334abb55-d926-4a3b-8d37-b3f500746e2c/transcript

Telecommunications company Spark's mobile and broadband businesses delivered some revenue growth over the first half, contributing to an 83 percent increase in net profit.

The company is reporting a net profit after tax of $64 million, compared with $35 million from a year ago. 

Spark CEO Jolie Hodson says the company's still recovering, but there's clear signs things could go up.

LISTEN ABOVE

Telecommunications company Spark's mobile and broadband businesses delivered some revenue growth over the first half, contributing to an 83 percent increase in net profit.
The company is reporting a net profit after tax of $64 million, compared with $35 million from a year ago.&nbsp;
Spark CEO Jolie Hodson says the company's still recovering, but there's clear signs things could go up.
LISTEN ABOVE

Jolie Hodson: Spark CEO on the company posting an 83 percent increase in net profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/72412fc3-e6b8-4137-83a5-b3f50071c5da/transcript

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

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