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1 Apr 2025 7:30
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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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     01 Apr: The Reserve Bank's reviewing its capital adequacy ratios - which are said to be costing farmers a fortune
     31 Mar: Auckland Airport is cutting its airline passenger charges for the next two years
     31 Mar: A recovery in red meat prices has come too late to aid Silver Fern Farms - whose revenue fell 144-million-dollars last year
     31 Mar: The Gore community's mourning a well-respected businessman who died in a plane crash in Otago
     31 Mar: Foodstuffs says supermarkets can't take all the blame, for the price customers are paying at the checkout
     31 Mar: The Government's aiming to remove employment barriers - as changes to financial supports for people needing to move to find a job, take effect today
     31 Mar: New Zealand's getting its economic recovery into gear - but at a measured pace
     Top Stories

    RUGBY RUGBY
    More of New Zealand's top rugby talent is set to follow in Damian McKenzie's footsteps in inking contract extensions to stay on Kiwi shores More...

    BUSINESS BUSINESS
    The Reserve Bank's reviewing its capital adequacy ratios - which are said to be costing farmers a fortune More...


     Today's News

    		 Cricket:
    The final day of the provincial cricket season is upon us 7:27

     Entertainment:
    Chelsea Handler is "not interested" in having children 7:18

     Law and Order:
    Police are releasing more details about last month's home invasion and subsequent death in Wellington, and making a fresh appeal for information 7:17

     Entertainment:
    Luenell has apologised to Pete Davidson for "tickling" his leg on 'Everybody's Live with John Mulaney' 6:48

     Law and Order:
    The family of a four-year-old boy killed in a Bay of Plenty dog attack is preparing for his funeral today 6:27

     Entertainment:
    Eiza Gonzalez "wasn't able to cry for four years" after her dad passed away 6:18

     Politics:
    French far-right leader found guilty of embezzling EU funds 5:37

     Business:
    The Reserve Bank's reviewing its capital adequacy ratios - which are said to be costing farmers a fortune 5:07

     Basketball:
    New Breakers owner Marc Mitchell has confirmed the club will remain in Auckland with Spark Arena as its home court 21:57

     Entertainment:
    Brooke Hogan has always "longed for a normal family" 21:48

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