Fletcher Building a 'serial underperformer' which needs to earn back trustSUPPLIED Auckland's Sky City International Convention Centre is understood to be one of the projects responsible for the downgrade. Fletcher Building will have to work hard to earn back trust, but Monday's large profit downgrade is far from disastrous for the country's biggest construction firm, an analyst says. CARYS MONTEATH/FAIRFAX NZ Fletcher Building chief executive Mark Adamson says the company is not taking the losses lightly. "Fletcher Building will have to work very hard to earn back the trust of investors after twin downgrades within a month," Davies said. Greg Pritchard was the B&I managing director at Fletcher Building, where according to LinkedIn he worked for nearly 30 years, before departing last year.

Source: Stuff March 21, 2017 03:27 UTC