NewsBite

Fletcher Building Limited

ASX Announcements

Change in substantial holding

Change in substantial holding

  • Oct 3, 2024
  • 3 pages

D&O Ongoing Disclosures - Multiple

Change of Director’s Interest Notice

  • Oct 2, 2024
  • 5 pages

Change in substantial holding

Change in substantial holding

  • Oct 1, 2024
  • 4 pages

Fletcher Building completes the sale of Tradelink

Asset Disposal

  • Sep 30, 2024
  • 1 page

Capital Change - Placement & Institutional Entitlement Offer

Placement, Non-Renounceable Issue

  • Sep 30, 2024
  • 5 pages

View all FBU announcements

September

Fletcher Building expects a downturn of between 10 to 15 per cent in market volumes in both Australia and New Zealand for 2024-25, compared with a year ago.

Fletcher warns of construction slump as it pursues $641m raising

The building materials giant says it expects volumes to slide by as much as 15 per cent this financial year, and the Auckland-based company will cut more costs.

  • Simon Evans
A quick equity injection will help Fletcher in the near-term, but it’s always a long road back from such raisings.

Troubled Fletcher gets its quick cash, but problems don’t disappear

It’s good that companies can raise equity quickly. But it is also a long road back.

  • Anthony Macdonald
A house under construction in Auckland. Fletcher is exposed to weakness in New Zealand’s construction sector.

Fletcher Building gets out the begging bowl for $641m emergency raise

The struggling New Zealand-headquartered building materials group is hoping to pay down a big debt pile as a gloomy economic outlook affects construction.

  • Updated
  • Sarah Thompson, Kanika Sood and Emma Rapaport

August

Barrenjoey chief economist Jo Masters says the NZ economy is incredibly challenging, but expects the slowdown will be softened by a series of rate cuts.

NZ gloom weighs on ASX-listed companies

Earnings season has revealed how tough conditions are in New Zealand. The question is what that means for Australia.

  • Jemima Whyte
Plumbing supplies business Tradelink has a new owner.

Fletcher Building sells Tradelink to one of America’s richest families

Blackfriars is controlled by the secretive Colburn family, and was self-advised. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Advertisement

July

Fletcher’s Tradelink bathroom and plumbing supplies business has lost market share to ASX-listed Reece.

Meet the secretive US billionaires bidding for Fletcher’s Tradelink

The final bidder turnout shows Tradelink has emerged as a trade play, albeit one that has attracted an interesting cast of characters.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
CSR is the manufacturer of one of the most popular insulation products in the country, known as Bradford.

CSR’s ‘extraordinary’ insulation price rise could be gouging

A major distributor of the building materials giant’s products wants the company to hand over internal documents as it attempts to show misused of market power.

  • Max Mason
Fletcher’s Tradelink bathroom and plumbing supplies business is one asset sale that could determine the future of its credit rating.

Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink

Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

June

The plumbing supplies business Tradelink has been put up for sale.

Turnaround titans battle for Fletcher’s Tradelink; bids this week

Sources said both PE firms have been interviewing management candidates around the town, keen to lock in talent for the fix-up job should they win.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

May

The lower inflation Jim Chalmers forecasts will require a sharper slowdown.

Investors shouldn’t believe Chalmers on inflation just yet

For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well. 

  • Updated
  • James Thomson

February

The plumbing supplies business Tradelink will be put up for sale.

Fletcher Building anoints sell-side adviser for Tradelink

The construction company, which trades on both the New Zealand and Australian stock exchanges, has appointed Miles Advisory to oversee the process.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
CSR chief executive Julie Coates.

CSR’s $4.3b French buyout bid ‘compelling’: shareholder

Fund manager Merlon Capital says the $9 per share proposal offers “compelling” value for one of Australia’s oldest companies.

  • Simon Evans

Fletcher Building stares at ratings cut after heavy first-half loss

The ailing building materials group fell to a large first-half loss, leading Moody’s to review its investment grade rating. Its chief executive is also leaving.

  • Aaron Weinman
The plumbing supplies business Tradelink will be put up for sale.

Fletcher Building to sell Tradelink as CEO, chairman exit

Fletcher’s biggest shareholder, Allan Gray, is backing a shake-up which includes the sale of the Tradelink plumbing supplies business in Australia.

  • Simon Evans

October 2023

WA builder BGC has been accused of blame-shifting by Fletcher Building over Iplex pipe leaks in a large number of new homes built between 2017 and 2022.

Fletcher Building accuses BGC of blame-shifting in plumbing nightmare

CEO Ross Taylor says Fletcher has not been drinking its “own Kool Aid”, with poor installation by WA plumbers the issue in high leak rates in new homes.

  • Simon Evans
Advertisement

Fletcher Building bond deal likely delayed amid faulty pipes issue

The timing of the company’s 5-year fixed bond deal is up in the air as it deals with the fallout from plumbing failures and a faulty pipe product.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

August 2023

Profit is up at Challenger, but perhaps not as much as analysts expected.

The one thing almost everyone got wrong about profit season

We all know that interest rates have gone up a lot. Yet analysts struggled to forecast how much that will hurt corporate profits now and in the future.

  • Updated
  • Jonathan Shapiro

July 2023

Francisco Irazusta has been hired as the new CEO of InfraBuild, the Australian steel business which is part of Sanjeev Gupta’s global GFG Alliance operations.

Sanjeev Gupta shuffles InfraBuild leadership, appoints new CEO

The Australian steel operations will be run by Francisco Irazusta, no stranger to Australasia after executive stints at Fletcher Building.

  • Simon Evans

June 2023

Fletcher Building says volumes are likely to be down 8 per cent in its building products operations in a softer housing market.

Fletcher downgrades profit expectations for second time this year

The New Zealand-headquartered building material manufacturer said it was seeing a drop in volumes as demand for its products fell.

  • Simon Evans

May 2023

Builders have faced soaring costs of timber, steel, plasterboard, bricks, insulation and tiles.

Hefty price rises put squeeze on builders

Big companies making bricks, tiles, plasterboard and insulation have passed on big price rises, lifting margins as builders struggle.

  • Simon Evans

Original URL: https://www.afr.com/company/asx/fbu