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Fletcher Building

Surprise RBNZ Rate Cut Signal Underpins NZ Sharemarket

By Melanie Carroll of NZPA Wellington, June 5 NZPA - The Reserve Bank's surprise signal that interest rates could fall by the end of the year helped support the sharemarket, which came under pressure from a weaker Australian market.

NZ Sharemarket Gains Despite RB Governor's Bleak Outlook

Wellington, June 5 NZPA - The New Zealand sharemarket rose in early trading, despite a bleak picture of the economy painted by Reserve Bank Governor Alan Bollard.

Shares Steady After Credit-Fuelled Fall

By Catherine Harris of NZPA Wellington, June 4 NZPA - New Zealand shares steadied today from yesterday's dramatic 2.3 percent plunge over more international credit jitters.

NZ Sharemarket Firms After Biggest Tumble Of 2008

Wellington, June 4 NZPA - The sharemarket firmed in morning business today after its biggest tumble of 2008 amid renewed concerns in world credit markets. The benchmark NZSX-50 index, which yesterday lost 84.172 points or 2.3 percent, was at 10.20am up 5.6 points to 3545.6.

NZ Sharemarket Falls 2.3pct As Leaders Tumble

By Pam Graham of NZPA Wellington, June 3 NZPA - The New Zealand share market plunged 2.3 percent today as offshore markets weakened and as gains on Friday by major stocks reversed.

Fletcher Building Shares Recover But Questions Remain

Wellington, May 20 NZPA - Fletcher Building shares recovered after the company affirmed profit guidance today, but questions remained over how the company would continue to fare in a global slowdown, an analyst said.

Fletcher Building Says Year Profit To Be From $450m-$460m

Wellington, May 20 NZPA - Fletcher Building said today it expects a full year net profit between $450 million and $460 million provided there is no significant change in economic conditions in the rest of the year.

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