Poor trading conditions, intense price competition and lower building product sales have prompted Fletcher Building to downgrade its profit forecast.

The forecast has been downgraded $640 million to $540 million - move that caused stock to sink 15 percent.

Milford Asset Management's Mark Riggall explains what's causing Fletcher Building's economic woes.

LISTEN ABOVE

Poor trading conditions, intense price competition and lower building product sales have prompted Fletcher Building to downgrade its profit forecast.
The forecast has been downgraded $640 million to $540 million - move that caused stock to sink 15 percent.
Milford Asset Management's Mark Riggall explains what's causing Fletcher Building's economic woes.
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

Mark Riggall: Milford Asset Management portfolio manager on Fletcher Building's stock dropping by 15 percent

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Monday 23 March.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Monday 23 March. 
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 23 March 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6387b017-011f-4f69-b3fa-b41600663d5c/transcript

Finance Minister Nicola Willis has revealed plans are in place to unveil a package to help households with the cost of fuel.

She says more details will be revealed tomorrow, and she's worked with Inland Revenue and Treasury officials to develop this planned relief.

Willis explained that this plan won't go against the Government's fiscal strategy ahead of the upcoming election.

"We will be funding it from this year's Budget operating allowance...we are going to prioritise our Budget in order to be able to fund this in a temporary, timely and targeted way."

LISTEN ABOVE

Finance Minister Nicola Willis has revealed plans are in place to unveil a package to help households with the cost of fuel.
She says more details will be revealed tomorrow, and she's worked with Inland Revenue and Treasury officials to develop this planned relief.
Willis explained that this plan won't go against the Government's fiscal strategy ahead of the upcoming election.
"We will be funding it from this year's Budget operating allowance...we are going to prioritise our Budget in order to be able to fund this in a temporary, timely and targeted way."
LISTEN ABOVE

Nicola Willis: Finance Minister on the Government's planned cost relief measures for households impacted by fuel crisis

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f7ec710b-fbfe-46a0-b3ce-b4160068f11f/transcript

A Lower Hutt couple have been taken to the Tenancy Tribunal by their landlords after they refused to disclose they had gotten a dog.

A video surfaced on social media revealing the couple had gotten a dog without asking, confirming the landlords’ suspicions after the smell of urine had gotten so bad the carpet had to be replaced. 

Solicitor Mike Thornton says the landlords were entitled to use the publicly available information in their investigation.

"If there's publicly available information, once the landlord knows about it, they can go to the tenant and say - hey, I've learned this, do you have a dog? And that's exactly what happened."

LISTEN ABOVE

A Lower Hutt couple have been taken to the Tenancy Tribunal by their landlords after they refused to disclose they had gotten a dog.
A video surfaced on social media revealing the couple had gotten a dog without asking, confirming the landlords’ suspicions after the smell of urine had gotten so bad the carpet had to be replaced.&nbsp;
Solicitor Mike Thornton says the landlords were entitled to use the publicly available information in their investigation.
"If there's publicly available information, once the landlord knows about it, they can go to the tenant and say - hey, I've learned this, do you have a dog? And that's exactly what happened."
LISTEN ABOVE

Mike Thornton: solicitor on the Lower Hutt couple who refused to disclose they had a dog to their landlords

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9f31112d-98d0-4f34-842d-b416005dfe9f/transcript

Mark Riggall: Milford Asset Management portfolio manager on Fletcher Building's stock dropping by 15 percent

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