Wellington, Feb 12 NZPA - Fletcher Building reported a 27 percent fall in first half net profit but is assuring shareholders it is well placed to cope with tough world economic conditions.

Wellington, Feb 12 NZPA - A gain by shares in market heavyweight Telecom helped the New Zealand stock exchange to a small early rise. The 5c lift in Telecom shares took the stock to 264, following a 4c fall yesterday.

Auckland, Feb 10 NZPA - Fletcher Building has sold its Auckland head office premises to Bay of Plenty property development company Carrus Corporation for $36 million.

Wellington, Feb 3 NZPA - Fletcher Building is accusing the companies that sold Formica to it of making fraudulent inducements, and is seeking damages in a series of counterclaims after it was sued by the vendors.

Wellington, Feb 2 NZPA - The New Zealand sharemarket trundled along at lower levels today, despite continuing improvement by Telecom. The market ended down 2.65 points, or 0.1 percent, at 2771.5, having been no further down than 16 points at its lowest today, early in the afternoon.

Wellington, Dec 19 NZPA - Fletcher Building has applied for Commerce Commission approval to buy Stevenson Group's Whangarei and Auckland masonry businesses.

Wellington, Nov 27 NZPA - The Fletcher Building board retains confidence in chief executive Jonathan Ling, chairman Roderick Deane is reported as saying.

Wellington, Nov 26 NZPA - Fletcher Building Ltd is pulled the plug on a deal to buy Adelaide-based steel product company Fielders Australia Pty, citing market volatility.

Wellington, Nov 24 NZPA - Fletcher Building is raising up to $200 million by selling capital notes, after criticising the Government for making borrowing by corporates difficult.

Wellington, Nov 14 NZPA - The New Zealand sharemarket started strongly, after United States equities finished with big gains after another rollercoaster ride.