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22 Dec 2024 3:52
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      Home > News > Business

    Fletcher Building is looking to put its problems in the past, as it aims to raise 700 million dollars

    Fletcher Building is looking to put its problems in the past, as it aims to raise 700 million dollars


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

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

    NZ Herald Property Editor Anne Gibson says they're looking to put their problematic legacy projects to bed.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     20 Dec: Retailers are seeing signs of a slow turnaround in consumer confidence
     20 Dec: Cryptopia liquidators have made a huge dent as they look to pay out former account holders
     20 Dec: Beware of bad customers – and 3 other ways small and medium businesses can thrive in 2025
     20 Dec: Another sweet season in the books for kiwifruit growers
     20 Dec: The Finance Minister believes New Zealand is through the worst of it - in terms of economic pain
     Top Stories

    RUGBY RUGBY
    A fully-clothed Tyson Fury has weighed in at his heaviest mark ahead of tomorrow morning's heavyweight boxing showdown against Oleksandr Usyk in Riyadh More...

    BUSINESS BUSINESS
    A lack of surprise over the drops sales for spirits and RTDs More...


     Today's News

    		 Soccer:
    Auckland FC's unbeaten run has come to a end after eight matches with a resounding 4-0 defeat to Western United at Mt Smart 21:56

     Living & Travel:
    Two Lotto players are in for a million-dollar Christmas 21:26

     Law and Order:
    The woman and her two children reported missing earlier today in Christchurch have been found and are safe 19:47

     Rugby:
    A fully-clothed Tyson Fury has weighed in at his heaviest mark ahead of tomorrow morning's heavyweight boxing showdown against Oleksandr Usyk in Riyadh 19:26

     Cricket:
    The White Ferns have slumped to a 65-run loss under the DLS method in the rain-hit second Rose Bowl one-day cricket international against Australia 19:17

     Living & Travel:
    He's got the job - but now Liam Lawson has to deliver for Red Bull's Formula One team 18:57

     Accident and Emergency:
    Kihikihi Road on State Highway 3 is closed following a serious crash in Te Awamutu in the Waikato 17:47

     Environment:
    More Severe Thunderstorm warnings as parts of the country are battered by heavy rain 17:37

     Accident and Emergency:
    One person has died at a workplace in Selwyn's Southbridge 17:27

     Netball:
    Silver Ferns coach Dame Noeline Taurua is hopeful her side's latest climb in netball's world rankings can lead to more tests against quality opposition in 2025 16:57

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