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’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.
Forsyth Barr analysts say Fletcher Building has now made $420 million worth of provisions on the convention centre project in the past 12 months and the latest ones 'bring into question management controls and board oversight'