A horror half-year result has exposed major issues for Fletcher Building.
One of/The largest construction companies in New Zealand reported a 120-million-dollar loss earlier this week, causing their share prices to plummet and forcing multiple key resignations.
Fletcher Building is not the only organisation in the industry reeling from losses, as a grim outlook of declining consents and rising building costs suggests a tough time ahead.
So, what is driving these woes, and how widespread is the issue around the country?
Today on The Front Page, NZ Herald’s Property Insider Anne Gibson weighs in on Fletcher’s losses and who might be next.
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