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Fletcher Building's first-half result could be a taste of things to come?


Fletcher Building s first-half result could be a taste of things to come?
16 Feb, 2021 04:40 AM
5 minutes to read
Investors will find out tomorrow if New Zealand s biggest building construction and materials manufacturing business can meet its operating earnings forecast of $305 million to $320m in the half-year to December.
Fletcher Building is among
the first batch of listed companies due to report this season, following Contact Energy s result yesterday.
The $30m from the company s sale of 35ha of controversial land at Ihumātao in Māngere might be included tomorrow: that deal was announced on December 16 and the results are for the six months to December 31. ....

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Fletcher Building exceeds own forecast, half-year operating profit up 47%


Fletcher Building exceeds own forecast, half-year operating profit up 47%
16 Feb, 2021 07:40 PM
4 minutes to read
Fletcher Building exceeded its own forecast by earning 47 per cent more operating profit in the latest half-year, rising from $219 million to $323m.
New Zealand s biggest building construction and materials manufacturing business had forecast making $305m to $320m but came in $3m above the top end of its own range.
Revenue was up from $3.96b to $3.98b, net profit after tax up 48 per cent from $82m to $121m and shareholders will get an interim dividend of 12 cents per share, paid on March 24.
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Fletcher Building chief executive Ross Taylor said: The strong result reflects good progress made on our strategy to drive consistent performance and growth. The improved earnings and profitability are the outcome of initiatives undertaken over the past three years to improve operating disciplines and efficiencies across the group. ....

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Creating VFX Waves for Tom Hanks' Battle at Sea in 'Greyhound'


Creating VFX Waves for Tom Hanks Battle at Sea in Greyhound
Jazz Tangcay, provided by
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An unrelenting cold Atlantic Ocean, huge waves and overcast weather were the elements for the Tom Hanks drama “Greyhound.”
While much of the film was built on soundstages in Louisiana and on the decommissioned USS Kidd, visual effects came into play for the film’s main battle sequence. Hanks plays Commander Krause, the officer who has to defend his ship and its convoy of vessels as it comes under attack from U-boats in the Battle of the Atlantic.
“This shot perfectly encompasses everything we were trying to achieve in the recreation of the North Atlantic for “Greyhound,” say DNEG visual-effects supervisors Nathan McGuinness and Pete Bebb. “The first challenge was to determine the look of the ocean this is essentially another character in the narrative that had to be developed. The ocean is determined by weather so capturing the correct ....

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Trump allies behind rally that ignited Capitol riot


Trump allies behind rally that ignited Capitol riot
RICHARD LARDNER and MICHELLE R. SMITH, Associated Press
Jan. 17, 2021
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WASHINGTON (AP) Members of President Donald Trump’s failed presidential campaign played key roles in orchestrating the Washington rally that spawned a deadly assault on the U.S. Capitol, according to an Associated Press review of records, undercutting claims the event was the brainchild of the president s grassroots supporters.
A pro-Trump nonprofit group called Women for America First hosted the “Save America Rally” on Jan. 6 at the Ellipse, an oval-shaped, federally owned patch of land near the White House. But an attachment to the National Park Service public gathering permit granted to the group lists more than half a dozen people in staff positions for the event who just weeks earlier had been paid thousands of dollars by Trump’s 2020 reelection campaign. Other staff scheduled to be “on site” during t ....

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