Andrew Reding

Fletcher Building is now officially looking to sell its construction division, responsible for about 20% of the company's revenues and a large proportion of its headaches

Fletcher Building is now officially looking to sell its construction division, responsible for about 20% of the company's revenues and a large proportion of its headaches

Ailing construction giant Fletcher Building has signposted potential writedowns of up to $780 million in its financial year about to end

Ailing construction giant Fletcher Building has signposted potential writedowns of up to $780 million in its financial year about to end

Fletcher Building says 'macroeconomic pressures' are expected to persist and economic activity to remain subdued at 'below mid-cycle levels' for the remainder of the financial year

Fletcher Building says 'macroeconomic pressures' are expected to persist and economic activity to remain subdued at 'below mid-cycle levels' for the remainder of the financial year

Fletcher Building indicates that paying down its debt is in order to prevent a fire sale of assets

Fletcher Building indicates that paying down its debt is in order to prevent a fire sale of assets