Fletcher Building wary of rate uncertainty after construction unit sale
Fletcher Building says selling its troubled construction unit has eased financial pressure as it navigates interest rate uncertainty.
Fletcher Building has offloaded its struggling construction division, removing what the company describes as a financial drain from the rest of the business. The construction sector remains cautious about the economic outlook, with leadership citing concerns about interest rate uncertainty and inflationary pressures.
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‘We’re still running the ruler over everything’
Fletcher Building wary of interest rate uncertainty amidst an ‘inflationary spiral’, while the CEO says selling off its troubled construction unit has removed ‘financial drain’ from the rest of the business