New Zealand Shares Decline as Services Sector Contracts Further; Fletcher Building Cuts Fiscal 2024 EBIT Guidance

New Zealand shares declined on Monday's close following a report that the country's services sector activity reached its lowest level in over two years. The S&P/NZ 50 Index fell 0.88% or 103.01 points

MT Newswires44minutes ago

This ASX 200 Stock Just Slashed Its Earnings Guidance by 17%

The Australian share market is tipping into the red this morning but nowhere near the extent of one hard-hit ASX 200 stock.

The Motley Fool09:46

Fletcher Building Should Consider Equity Raise, Citi Says -- Market Talk

0017 GMT - Fletcher Building should consider raising equity to shore up its balance sheet after warning on profits today, Citi says. Fletcher now expects FY 2024 earnings before interest, tax, and sig

WSJ08:17

Fletcher Building Cuts EBIT Guidance for Fiscal 2024

Fletcher Building (NZE:FBU, ASX:FBU) lowered its earnings guidance for fiscal 2024 due to a slowdown in the residential sector that has been affecting its distribution division, according to a Monday

MT Newswires06:11

Fletcher Building Warns on Profits Due to Housing Slowdown in NZ, Australia

By David Winning SYDNEY--Fletcher Building became the latest New Zealand company to warn on profits, as a slowing housing market roils its Materials and Distributions divisions. Fletcher now expects

WSJ04:47

Fletcher Building Target Price Cut 6.6% to NZ$3.23/Share by Macquarie>FBU.NZ

Fletcher Building Target Price Cut 6.6% to NZ$3.23/Share by Macquarie>FBU.NZ

Dow JonesMay 3 07:05