Wednesday was St Valentine’s Day but perhaps somewhat ominously, it was also Ash Wednesday - the start of the season of Lent. For this country’s largest.
Fletcher Building chief executive Ross Taylor has blamed Perth’s exploding water pipe problems on poor installation and workmanship but Western Australia’s.
Fletcher Building’s interim result next week is forecast to fall 9 to 17 per cent with analysts tipping lower dividends and rising debt levels after $180.
The potential sale of a majority stake in North Island electricity distributor Powerco is an interesting proposition and one that is likely to attract plenty.