Fletcher Building is looking to put its problems in the past, as it aims to raise an extra $700 million.

The construction giant plans to issue $292 million in new shares for investors, to cut into its $1.8 billion debt.

Fletcher Building has announced a group net loss of $227 million last month.

Harbour Asset Management's Shane Solly says this is part of the company's bid to reduce additional losses. 

LISTEN ABOVE

Fletcher Building is looking to put its problems in the past, as it aims to raise an extra $700 million.
The construction giant plans to issue $292 million in new shares for investors, to cut into its $1.8 billion debt.
Fletcher Building has announced a group net loss of $227 million last month.
Harbour Asset Management's Shane Solly says this is part of the company's bid to reduce additional losses. 
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

Shane Solly: Harbour Asset Management spokesperson on Fletcher Building's bid to raise $700 million

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/398c7afb-1bfd-4219-9f01-b1f40079fee7/transcript

Plugging a a solar panel into your own wall is currently illegal in New Zealand, but the Government's looking into changing that.

In a post on Facebook, Energy Minister Simeon Brown says work is currently under way to make this change happen.

Rewiring Aotearoa CEO Mike Casey has welcomed this move, saying this development would be 'amazing'.

"It's something that we thought needed to happen in New Zealand, it hasn't happened in Australia yet - we copy a lot of our regulations and standards from Australia, so we're breaking the mould and heading out and doing it ourselves."

LISTEN ABOVE

Plugging a a solar panel into your own wall is currently illegal in New Zealand, but the Government's looking into changing that.
In a post on Facebook, Energy Minister Simeon Brown says work is currently under way to make this change happen.
Rewiring Aotearoa CEO Mike Casey has welcomed this move, saying this development would be 'amazing'.
"It's something that we thought needed to happen in New Zealand, it hasn't happened in Australia yet - we copy a lot of our regulations and standards from Australia, so we're breaking the mould and heading out and doing it ourselves."
LISTEN ABOVE

Mike Casey: Rewiring Aotearoa CEO on the Government looking to changes laws on plug-in solar panels

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/78efb806-8434-4a4b-a8a4-b4800075906a/transcript

Has a second NRL team in New Zealand edged closer to a reality after the NRL's new multi-billion dollar broadcast deal?

The Australian Rugby League Commission has signed a new seven-year TV rights deal with its existing partners on both sides of the Tasman, including Sky TV, starting in 2028.

The NRL wants to increase to 20 teams during that period, with Christchurch considered a candidate for an expansion licence.

Sky TV boss Sophie Moloney has been asked what the new deal means to that end.

"That's definitely one for the commission - that wasn't determinist of our values, we've valued it up based on what we've got and we love our Warriors." 

LISTEN ABOVE

Has a second NRL team in New Zealand edged closer to a reality after the NRL's new multi-billion dollar broadcast deal?
The Australian Rugby League Commission has signed a new seven-year TV rights deal with its existing partners on both sides of the Tasman, including Sky TV, starting in 2028.
The NRL wants to increase to 20 teams during that period, with Christchurch considered a candidate for an expansion licence.
Sky TV boss Sophie Moloney has been asked what the new deal means to that end.
"That's definitely one for the commission - that wasn't determinist of our values, we've valued it up based on what we've got and we love our Warriors."&nbsp;
LISTEN ABOVE

Sophie Moloney: Sky TV chief executive on Sky winning NRL and Warriors rights in new broadcast deal

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cd83fcb7-0faf-47bb-b271-b480006dd28a/transcript

Tauranga residents are up in arms over NZTA's plan for a second toll point on the new Eastern Link.

Drivers passing through the Pāpāmoa East Interchange would be charged $1.10, on top of the $2.30 already charged.

A public meeting tomorrow's expected to be fiery. 

City Councillor Steve Morris says it's not fair for people living in Pāpāmoa East.

"What's worse is that 80 cents out of that $1.10, according to NZTA, is going on transaction charges."

LISTEN ABOVE

Tauranga residents are up in arms over NZTA's plan for a second toll point on the new Eastern Link.
Drivers passing through the Pāpāmoa East Interchange would be charged $1.10, on top of the $2.30 already charged.
A public meeting tomorrow's expected to be fiery.&nbsp;
City Councillor Steve Morris says it's not fair for people living in Pāpāmoa East.
"What's worse is that 80 cents out of that $1.10, according to NZTA, is going on transaction charges."
LISTEN ABOVE

Steve Morris: Tauranga City Councillor on NZTA's plan for a new toll point on the Eastern Link

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f3ce4f45-7498-430f-be0f-b480006ad807/transcript

Shane Solly: Harbour Asset Management spokesperson on Fletcher Building's bid to raise $700 million

In 1 playlist(s)

Heather du Plessis-Allan Drive

Social links

Follow podcast

Recent clips