Fletcher Building climbs to near six-month high after NZ grants unit up to $35.1 million
20/07/2026 02:48
BUZZ-Fletcher Building climbs to near six-month high after NZ grants unit up to $35.1 million ** Shares of New Zealand's Fletcher Building FBU.NZ gain as much as 2.4% to A$3.840, their highest since January 29
** Stock is among the top gainers on the benchmark S&P/NZX 50 .NZ50, which is down 0.2%
** The construction materials firm said the New Zealand government granted its unit Golden Bay Cement up to NZ$60 million ($35.05 million) to support its Northland operations
** Golden Bay will continue producing cement at its Northland plant until at least 2040, and invest at least NZ$150 million through to 2040 - FBU
** FBU up 2.5% YTD
($1 = 1.7117 New Zealand dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
Recent news on Fletcher Building
See all newsBrief: Fletcher Building Says Group Made Better Start To FY27
NZ's Fletcher Building drops to 5-month low after Morningstar flags weak housing market
Morningstar keeps fair value unchanged for NZ's Fletcher Building; says business strong but market weak
Brief: Fletcher Building Limited Says Forward Outlook Remains Uncertain
NZ's Fletcher Building warns on first-half earnings, swings to annual profit (updated)