Podcast appearances and mentions of Fletcher Building

Caroline Rawlinson is the CEO of Culture Amp, the global employee experience platform trusted by more than 6,000 organisations and 25 million employees. Underpinned by people science and AI, Culture Amp helps organisations build high-performing teams at scale. Before joining Culture Amp, Caroline held executive leadership roles at MYOB, Trade Me and Fletcher Building across Australia, New Zealand and Asia. In her first ever in-depth interview, Caroline shares the journey behind becoming CEO of Culture Amp. She reflects on growing up in Auckland, captaining hockey teams, meeting her husband at McDonald's, landing a role at PwC despite knowing almost nothing about finance, and the forgotten career goal she wrote down at 28: "I want to be CEO." Vidit and Caroline explore the big learning in Shanghai when she was a first time CFO that changed how she leads forever, the partnership that made an international executive career possible, succeeding Culture Amp's founder as CEO, balancing today's business with an AI-native future, building high-performing cultures at global scale, and why the closer she came to becoming CEO, the harder it became to believe she could. Please enjoy exploring your curiosity. ________ 00:00 Who is Caro? 00:03 Growing up in Auckland 00:10 Talking her way into PwC 00:16 The best commercial leaders 00:21 Designing a career with intent 00:24 "I want to be CEO" 00:28 Building confidence in others 00:30 Why direct conversations matter 00:34 The China lesson that changed everything  00:43 Becoming CFO at 33 00:49 Ambition, marriage & family 00:56 From CFO to CEO 01:03 Taking over from Culture Amp's Founder at the start of 2026 01:10 AI and the next era of software  01:16 Advice for future CEOs 01:18 Rapid Fire Sprint ________ Get in touch with us via email at contact@curiositycentre.com Join our stable of commercial partners including the Australian Government, Google, KPMG, Vanta, Allens, Macquarie Capital, City of Sydney and more.  Show notes and more episodes here Follow us on LinkedIn, Twitter and Instagram Get in touch with our Founder and Host, Vidit Agarwal directly here Contact us via our website ________ The High Flyers Podcast features in-depth interviews with the world's most influential figures in business, tech, finance, government and sport. Launched in 2020, it has ranked in the global top ten for past three years, with listeners in 27 countries and over 200+ episodes released, and featured in Forbes, Daily Telegraph, and at SXSW. Our guests include -- Malcolm Turnbull (Prime Minister of Australia), Jason Collins (Head of BlackRock, Asia Pacific), Brad Banducci (CEO, Woolworths), Michael Schneider (CEO, Bunnings), David Eckstein (CFO, Legora), Jesse Zhang (CEO, Decagon), Elena Verna (Head of Growth, Lovable), David Haber (a16z Partner), Jodie Auster (Uber's Global Head of Travel), Rob Giglio (CCO, Canva), Jean-Michel Limieux (CTO, Shopify and Atlassian), Stevie Case (CRO, Vanta), Cristina Cordova (COO, Linear), Gautam Chari (Head of Capital Commitments, Bank of America), John Haddock (CBO, Harvey), Mark Suster (Partner, Upfront Ventures), Niki Scevak (Partner, Blackbird), Craig Tiley (CEO, USA Tennis), Jeanne DeWitt Grosser (COO, Vercel), Paul Bassat (Partner, Square Peg), Bowen Pan (Creator, Facebook Marketplace), Peter Varghese (Secretary of Foreign Affairs, Australian Government), Sam Sicilia (CIO, Hostplus), Jack Zhang (CEO, Airwallex), Tim Doyle (CEO, Eucalyptus), Sukhinder Singh Cassidy (CEO, Xero), Sanjeev Gandhi (CEO, Orica) and Philip Green (Australia's Ambassador/High Commissioner to India). 

EDITORIAL: When I first heard this story, I thought this is not right, this is not fair, and I didn't think it fitted with what the coalition government stood for. What am I talking about? Of course, I'm talking about the $60 million hand out. I have to say, if you'd asked me whether I'd ever see a centre-right government stepping in to financially support a publicly listed company, I would have said with a smile, "No chance." Not because governments shouldn't support business, but because I always believed governments like this preferred to let the market decide who succeeds and who fails. Yet here we go. The Government is preparing to provide financial support to Fletcher Building, one of New Zealand's biggest companies, through a deal designed to keep local cement production alive at Golden Bay Cement in Whangārei. Fletcher Building isn't some small family-owned business that's fallen on hard times. It's one of New Zealand's biggest publicly listed companies, listed on both the New Zealand and Australian stock exchanges, with thousands of shareholders and operations across the country and Australia. Now, before anyone says this is about jobs, I completely understand that argument. Hundreds of people work there directly and indirectly, and New Zealand does need a reliable supply of cement. It's a critical product. I get all that. We need it to build houses, schools, hospitals, roads and major infrastructure. You don't want to wake up one day and realise we're completely dependent on imported cement if global supply chains are disrupted. Chris Bishop said Golden Bay is an exceptional case and of national interest. But here's the question I can't get past. When did governments start picking winners? Because that's exactly what this feels like to me. This coalition government talks constantly about reducing government intervention, letting markets work, encouraging competition and creating a level playing field. Those are all principles I generally support. If you're prepared to step in and financially back one of the country's biggest listed companies, where does it stop? What about every other manufacturer battling high energy prices? What about forestry? Steel? Food processing? Hospitality? Retail? Plenty of businesses have faced enormous cost pressures over the past few years without anyone offering them a government lifeline. Why is this one different? If this is genuinely about New Zealand's strategic resilience and making sure we continue producing cement here, then tell us that. Be upfront about it. Make the case that this is about national infrastructure and supply security. But don't pretend this isn't government intervention. Because it damn well is. 60 million, cash hand out. It's not having to be paid pack. Governments have every right to protect strategically important industries if they believe it's in the national interest. But once taxpayers' money starts flowing towards large, publicly listed companies, the public deserves a very clear explanation of why this company qualifies, what safeguards are in place, what taxpayers get in return, and where the line is drawn. This isn't just about cement. It's about the role of government in the economy. More importantly to me it's about fairness. And it's about whether this Government is practising the free-market philosophy it campaigned on, it sung from the rafters—or whether, when push comes to shove, it's prepared to back the biggest players while everyone else is left to fend for themselves. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Tensions have escalated as the government's fast-track planning process has begun overriding Auckland Council objections on several major infrastructure and housing developments, coinciding with a controversial $60 million state funding package to keep Fletcher Building's domestic cement plant operational. Thomas also discusses corporate expansions as Kiwi brand-tracking firm Tracksuit acquired Australian AI startup Hall to monitor digital brand presence, and AFT Pharmaceuticals secured crucial regulatory backing in the US and Japan for its novel iron injection treatment. Thomas Manch is a senior journalist at BusinessDesk.

Taxpayers are kicking in tens of millions of dollars to save a cement company owned by Fletcher Building, with the government saying it's an exceptional case. Golden Bay Cement is getting a one off grant of up to $60 million. In return, the company will invest $150 million into modernising its plant, and will keep producing cement until at least 2040.

Nicola Willis told us she did not take the decision lightly, and well, she might have said that. She's lucky it's only cost $60 million. We still don't know the terms, but we need to. This is Golden Bay Cement, and the Government has come to their rescue. Without this help, allegedly, they would have closed. There is only one supplier in the country – this in and of itself would seem to be an issue. They produce 60% of what we use. Is the other 40% cheaper? And what of the climate mitigation issues Fletchers speak of? Why do we worry about the 60% and not the other 40%? Why is climate so important in the cement business, and is climate worth worrying about if it means the closure of business and the loss of jobs? That is one of the questions of the age, especially given the Europeans over the weekend signalled their intentions to pull back on climate expectation for businesses for exactly the same reasons. Climate versus jobs? We quite like the work, thanks. Fletcher Building is the owner and a company with no shortage of drama around their reputation and activities, but not a business desperate, you wouldn't have thought, for $60 million. But, and here is the crunchy bit, they're a company that in straightened times is perfectly entitled to pull the pin on things that aren't working. So, a good business decision, or blackmail? Is the business run as they claim? In other words, it's not workable, or are they a bit useless? Britain is having the same conversation currently over a nationalised steelworks involving the Chinese and a water company that's on its knees. The trouble is the specifics and the precedent. Every story is unique. Can a government write a cheque for one-offs? Maybe. Does it set a potential precedent? Yes. Should the Government be in cement? No. Should we be more resilient in the basics of things like building materials? Yes. We have just had that debate by cleaning out an old tank at Marsden. Resilience is important. So I don't mind this as a one off. But is it a bad business or is it a business hampered by dumb rules around climate? And if it's the latter, would a change of rules fix the problem better than a bailout cheque would? See omnystudio.com/listener for privacy information.

The Government's carbon credit trading scheme could have shut New Zealand's only cement manufacturing plant, but Fletcher Building announced today it got a $60 million bailout to keep it running - the $60m is not a loan. NZ Initiative Chief Economist Dr Eric Crampton told Heather du Plessis-Allan that the bailout doesn't address the root cause of the issue. "It's a mess that's trying to solve what's actually a real problem in how the government's industrial allocations in the emissions trading scheme work - the design of those is not good, and they are particularly not good when it comes to cement manufacturing," he said. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Nicola Willis told us she did not take the decision lightly, and well, she might have said that. She's lucky it's only cost $60 million. We still don't know the terms, but we need to. This is Golden Bay Cement, and the Government has come to their rescue. Without this help, allegedly, they would have closed. There is only one supplier in the country – this in and of itself would seem to be an issue. They produce 60% of what we use. Is the other 40% cheaper? And what of the climate mitigation issues Fletchers speak of? Why do we worry about the 60% and not the other 40%? Why is climate so important in the cement business, and is climate worth worrying about if it means the closure of business and the loss of jobs? That is one of the questions of the age, especially given the Europeans over the weekend signalled their intentions to pull back on climate expectation for businesses for exactly the same reasons. Climate versus jobs? We quite like the work, thanks. Fletcher Building is the owner and a company with no shortage of drama around their reputation and activities, but not a business desperate, you wouldn't have thought, for $60 million. But, and here is the crunchy bit, they're a company that in straightened times is perfectly entitled to pull the pin on things that aren't working. So, a good business decision, or blackmail? Is the business run as they claim? In other words, it's not workable, or are they a bit useless? Britain is having the same conversation currently over a nationalised steelworks involving the Chinese and a water company that's on its knees. The trouble is the specifics and the precedent. Every story is unique. Can a government write a cheque for one-offs? Maybe. Does it set a potential precedent? Yes. Should the Government be in cement? No. Should we be more resilient in the basics of things like building materials? Yes. We have just had that debate by cleaning out an old tank at Marsden. Resilience is important. So I don't mind this as a one off. But is it a bad business or is it a business hampered by dumb rules around climate? And if it's the latter, would a change of rules fix the problem better than a bailout cheque would? See omnystudio.com/listener for privacy information.

A $60 million corporate welfare cheque for Golden Bay cement is fixing a symptom but not the disease. It's taxpayer money. It's not a loan. It's free money. Owner Fletcher Building has agreed, in return, to keep the thing open till 2040 and invest $150m phased over time. No doubt cement is important for building the country. But so was refined oil. We offshored that. So is milled timber, which we let go. So is food production, which we're letting fall over too. This is the problem with welfare. Once you start handing it out, everyone wants a piece of the pie. Fletcher Building is a conglomerate, listed both here and on the ASX. Their results are due out next month, which will now be watched very closely. Last week, the company increased its earnings guidance and turned a $45 million profit in the half year to December. Sure, it's not been without its problems and we've kept you updated on their restructures and legacy problems and the general state of construction. The only reason the government is doing this, in my view, is because unlike the other examples of paper mills and Wattie's, this one's caused not just by the price of labour and energy going north. It's the ETS. Fletchers buys credits to emit carbon while making its cement. This cost made the Northland plant unviable. Dead man walking. You can import cheap cement from offshore where they don't pay for emissions. Which makes them a cheaper option and we get undercut. The government reckons they went with a bailout rather than changing the ETS rules because they didn't want companies lining up for handouts. But that's exactly what will happen anyway. Any plant at risk of closure paying for emissions is now fair game. This might look like a single small-ish payment to a single business but it's actually a blank cheque they've signed, with the election round the corner, the sky's the limit.See omnystudio.com/listener for privacy information.

Fletcher Building has asked ratings agency Moody's to withdraw its credit rating of the company, as it reports continued pressures on its business and looks to cut debt. The company has Moody's lowest investment grade rating of Baa3 rating, below which is considered a speculative grade and outside the limits for most institutional investment. Generate investment specialist Greg Smith says the company's been selling assets over the past year and they're looking to simplify the business. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building has asked ratings agency Moody's to withdraw its credit rating of the company, as it reports continued pressures on its business and looks to cut debt. The company has Moody's lowest investment grade rating of Baa3 rating, below which is considered a speculative grade and outside the limits for most institutional investment. Generate investment specialist Greg Smith says the company's been selling assets over the past year and they're looking to simplify the business. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The local market faded late to finish 0.1% lower, marking a 1.3% loss for the week. This represents the fourth weekly decline in five weeks, driven largely by a "War Toll" on financials and healthcare. Sentiment soured after President Trump stated there was "no rush" to reopen the Strait of Hormuz, causing oil prices to spike and equities to retreat. While the materials sector gained 2% this week, a 3% sell-off today erased much of that progress. Bapcor fell 4% today, totalling a 30% collapse this week, Mineral Resources slumped 7.5%, and Fletcher Building rose 5% on a successful asset sale. All eyes now turn to a massive Thursday next week, featuring both Nvidia’s quarterly results and critical Aussie jobs data that will dictate the RBA's next move. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Fletcher Building is continuing its aggressive restructuring by selling its wire mesh business at a loss and exploring the divestment of its residential arm to focus on its core manufacturing and supply operations.

Fletcher Building says it's not out of the woods yet, but their financial situation is improving. It recorded an $11 million half-year loss - down from $134 million the year before. Earnings are out of the red at $45 million, compared to $-88 million the year before. Chief executive Andrew Reding says they'll take a while to get back on track. "We're not forecasting great times for our financial year 2026, and indeed think that the calendar year 2027 is when things are lined up and moving properly." LISTEN ABOVESee omnystudio.com/listener for privacy information.

An improving financial situation for one of our largest companies, Fletcher Building. It's announced half-year results, weeks after agreeing to sell off its construction arm. The company's confirmed a half-year loss of $11 million - compared to a loss of $134 million in the year before. Milford Asset Management's Jeremy Hutton unpacked the reactions. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building says it's not out of the woods yet, but their financial situation is improving. It recorded an $11 million half-year loss - down from $134 million the year before. Earnings are out of the red at $45 million, compared to $-88 million the year before. Chief executive Andrew Reding says they'll take a while to get back on track. "We're not forecasting great times for our financial year 2026, and indeed think that the calendar year 2027 is when things are lined up and moving properly." LISTEN ABOVESee omnystudio.com/listener for privacy information.

An improving financial situation for one of our largest companies, Fletcher Building. It's announced half-year results, weeks after agreeing to sell off its construction arm. The company's confirmed a half-year loss of $11 million - compared to a loss of $134 million in the year before. Milford Asset Management's Jeremy Hutton unpacked the reactions. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building's sale of its construction arm is being welcomed. It will sell to French construction firm Vinci for just over $315 million. The Combined Building Supplies Cooperative says it will create more competition, and expects a boom for the sector. Chief Executive Carl Taylor told Mike Hosking that global companies have worked in New Zealand before. He says examples of that include Te Kaha Stadium and the Metro Pools in Christchurch. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Welcome news for shareholders from one of our largest companies' change in direction. Fletcher Building is selling its construction arm to French multinational Vinci Construction in a deal worth up to $334 million. The sale is subject to regularity approval, and reflects Fletcher's move to focus on manufacture and distribution. Mark Lister from Craigs Investment Partners says it'll help the company get back on track - simplifying business and bringing down debt. "They hadn't had a dividend since 2023, so I think they want to get into a position where they can reduce debt levels and start paying dividends again." LISTEN ABOVESee omnystudio.com/listener for privacy information.

On the Early Edition with Andrew Dickens Full Show Podcast Wednesday the 21st of January 2025, the Tom Phillips inquiry is underway today, Senior Lecturer at the University of Waikato School of Law Dr Anna-Marie Brennan tells Andrew what we can expect from it. A new study is hoping to highlight just how hard it is to kick a gambling habit, Problem Gambling Foundation Clinical Director Brigette Thornley shares her thoughts. Fletcher Building has sold its construction arm to a French multinational, John Tookey, Professor of Construction Management at AUT, tells Andrew what this means for the company. Plus, UK/Europe Correspondent Gavin Grey has the latest on world leaders arriving in Davos for the World Economic Forum and the UK approving China's plans for a huge new embassy in central London. Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building's calling time on its construction arm after a difficult few years. It's signed a sale deal with French multi-national Vinci Construction, subject to regulatory approval. The final reckoning could sit on about $334 million, and it'll move its focus to manufacturing and distribution. AUT Construction Professor John Tookey says it's a seismic shift, but Fletcher's been overstretched in recent years, so it's not a big surprise. He told Andrew Dickens the question is going to be whether the removal will significantly impact the profitability and sales of the building products side of things. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Welcome news for shareholders from one of our largest companies' change in direction. Fletcher Building is selling its construction arm to French multinational Vinci Construction in a deal worth up to $334 million. The sale is subject to regularity approval, and reflects Fletcher's move to focus on manufacture and distribution. Mark Lister from Craigs Investment Partners says it'll help the company get back on track - simplifying business and bringing down debt. "They hadn't had a dividend since 2023, so I think they want to get into a position where they can reduce debt levels and start paying dividends again." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building's issued a gloomy trading update, marked with trading slumps, market falls and low sales volumes. The company's now aiming for a further $100 million dollars in cost cuts. Harbour Asset Management's Shane Solly explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building's issued a gloomy trading update, marked with trading slumps, market falls and low sales volumes. The company's now aiming for a further $100 million dollars in cost cuts. Harbour Asset Management's Shane Solly explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The building industry's feeling the pressure with Fletcher Building reporting a $419 million full-year loss. Substruct builder and managing director Steve Brown spoke to Ingrid Hipkiss.

Fletcher Building has confirmed a new focus on building materials. The construction giant's announced a net loss of $419 million for the past year, compared to a loss of $227 million last year. It's already been looking for buyers for its construction division and some other subsidiaries. Fletcher CEO Andrew Reding says this is the toughest things have been since the GFC. "It's highly unusual when you get both your residential infrastructure and your commercial market segments all crashing down at the same time." LISTEN ABOVESee omnystudio.com/listener for privacy information.

On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 20 August 2025, acting Reserve Bank Governor Christian Hawkesby speaks to Heather about the decision to cut the OCR down to 3 percent - and why the bank didn't go for a bigger cut. How many more days will students be off school because of striking teachers? The union's Chris Abercrombie tells Heather they're hoping to get a better pay deal from the Government. Things are going from bad to worse for Fletcher Building. CEO Andrew Reding tells Heather they're a victim of the economy which hasn't been this bad since the 80s. Should your life insurance company have access to genetic tests you do, and hike your premium as a result? Plus, the Huddle debates the state of the economy and whether Nicola Willis is in the danger zone. Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A2 Milk, Freightways and Contact Energy start earnings season, and Hamish looks at Mercury's result today before a preview of results from Spark and Fletcher Building tomorrow. 

Fletcher Building is looking into possibly selling its construction arm. It's exploring divesting its main construction division - and the Higgins, Brian Perry Civil and Fletcher Construction Major Projects business units. Milford Asset Management's Andrew Curtayne explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The market has tread water today with the banking and mining sector heading in opposite directions. Laura and Stevie reflect on a session which started in the green, but quickly faded as the day went on. They discuss the part that trade deals may be playing in the consistent market performance, and how upcoming profit reporting could move markets. Insignia Financial caught attention with a healthy boost to their shares, Fletcher Building has been under pressure, and they look to the day ahead with US earnings continuing. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Fletcher Building is using hard-to-recycle plastics as fuel for its Golden Bay cement factory, in Whangarei. 

The NZ sharemarket lifted today as Fletcher Building announced it had received inquiries from parties interested in buying its businesses. The S&P/NZX 50 Index closed up 0.33% or 41.51 points, rising to 12,605.93, with 39,702,689 shares changing hands to the value of $139.77 million. Milford Asset Management's Sam Trethewey explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

With Amazon launching a marketplace offering, could Wesfarmers, Harvey Norman and JB Hi-Fi be shaking in their boots? MARKET WRAP: ASX200: up 0.06% to 8,592 GOLD: $3,338 US/oz BITCOIN: $168,037 AUD An earnings guidance increase for BNPL company Zip helped its shares more than 15% higher. Monash IVF rebounded from yesterday’s drop, gaining 11% Fletcher Building told the market that it’s fielding inquiries on its business, helping it to lift 10% to $3.08. Qantas offloading JetstarAsia saw it down 1.3% to $10.50 on the day. Perseus Mining down 6% to $3.62. Xero down 2.3% and Technology One falling 3.8% Commbank losing 0.3%, with NAB down the same amount. CURRENCY UPDATE: AUD/USD: 65.2 US cents AUD/GBP: 48.3 pence AUD/EUR: 57 Euro cents AUD/JPY: 94 Japanese yen AUD/NZD: 1.08 NZ dollars See omnystudio.com/listener for privacy information.

SkyCity and Fletcher Building are heading to court.

Casino operator Sky City Entertainment is suing Fletcher Building for losses incurred because of delays in completing the nearby International Convention Centre in Auckland. 

A housing development for you. A housing development that once again shows how reality beats theory. Housing is a New Zealand obsession. We love housing and we long to own housing. It encroaches on immigration and whether too many people lead to higher prices. It encroaches on politics and the expectation as to what Governments do about housing and the prices of said housing. It involves social housing, emergency housing, KiwiSaver, incomes, the Reserve Bank, deposits and LVR's. It is all encompassing. In theory, if you could make building cheaper, we would be keen, wouldn't we? Yes, I hear you say. So what happened to Clever Core? Clever Core is Fletcher's prefab house building factory. The factory is closing. Why, I hear you ask? Because, to quote Fletchers, "it had not worked". Demand was the issue because there wasn't enough of it. If you had conducted a survey and asked, "could prefab housing help the so-called housing crisis in this country?" you would have got an overwhelming yes. Yet, did we follow our enthusiasm up with sales? Obviously not. Resistance from the building industry is another phrase Fletchers used. You see, as I have said many times, we are happy to moan about the cost of building, the cost of GIB, how cheap it is in Australia and how much a deck out back for the BBQ would be. But prefab? Oh, no thank you. Essentially, we are hosing snobs. It's sort of like with coffee - we moan about $6 for a flat white but pay it anyway. Not that there is anything wrong with that. If you want to pay anywhere between $10,000-35,000 per square metre that's great. But what Clever Core reveals is we don't actually want to save. Often, we don't actually want solutions. What we want is what we have, and like, except at a better price. We want what we can't have. What we can have, we don't want. Ask Fletchers. See omnystudio.com/listener for privacy information.

Fletcher announced a $134 million net loss after tax for the December 31, 2024 half-year, up on the previous $120m net loss. Losses climbed partly due to the disastrous Perth leaky pipe problems after Fletcher's Iplex finalised and signed a $170m provision in this 2025 financial year in what it called the Western Australian plumbing industry response. Fletcher Building CEO Andrew Reding says many businesses are seeing early signs of recovery - but he's still apprehensive about the company's economic fate. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Sky City says a February opening date for its International Convention Centre is prudent. The Centre was initially planned to open in 2020, but a major roof fire in 2019 - followed by the Covid-19 pandemic - set the project back substantially. Fletcher Building will now hand it over in June. Chief Operating Officer Callum Mallett says the next stage of commissioning and operational work will take several months. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Fletcher Building's chief executive and board faced up to some very disappointed shareholders at today's annual general meeting. Company chief executive Andrew Reding revealed margins were under pressure - with revenue down 12 percent in September versus 7 percent down in July and August, compared to the year earlier. NZ Shareholders Association CEO Oliver Mander was at the meeting, and he noted the company seemed 'humbled'. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Australian market remained flat today, with the ASX200 barely moving despite earlier declines. Investors were cautious due to escalating Middle East tensions, which drove mixed performances across sectors. Energy stocks, typically buoyed by rising oil prices, saw sluggish performance due to weak coal stocks like New Hope, which also traded ex-dividend. Real estate stocks outshone others, while financials and materials dipped. A major highlight was the $7.5 billion in dividend payouts from BHP and Woodside, contributing to one of the year's biggest days for dividends. Despite market volatility, companies like Fletcher Building and Sigma Healthcare saw strong gains due to positive broker outlooks and merger news.   The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Fletcher Building is looking to put its problems in the past, as it aims to raise an extra $700 million. The construction giant plans to issue $292 million in new shares for investors, to cut into its $1.8 billion debt. Fletcher Building has announced a group net loss of $227 million last month. Harbour Asset Management's Shane Solly says this is part of the company's bid to reduce additional losses.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

Gallagher: https://am.gallagher.com/en-US I'm pleased to welcome Gallagher Animal Management Chief Executive Lisbeth Jacobs onto the show today. There is nothing like the battle-tested point of view from a company that has been an innovator and market leader for a long time. In Gallagher's case, it's in technology for animal management. A quick description from their website: Founded in 1938, Gallagher is now known and respected in over 100 countries as a family-owned business built on customer-led innovation. From the electric fence to the cloud, Gallagher's connected and customisable ecosystem of solutions empower our customers to work responsibly, productively, and profitably to protect what matters most.So their customers are ranchers and livestock raisers, particularly those who raise livestock on pastures. And I love the juxtaposition of this pastoral customer grazing livestock like has been done for thousands of years, using the latest technology like virtual fencing which they sell under the brand e-shepherd. Lisbeth and I will talk about e-shepherd specifically, as well as Farmote, which is a joint venture between Gallagher and Barenburg to commercialize technology for automated pasture monitoring. Lisbeth Jacobs joined Gallagher as Chief Executive - Animal Management in April 2021 and thrives on providing strategic leadership across the global footprint of the Animal Management operations.  Prior to this Lisbeth held senior leadership roles at the leading edge of applied innovation and sustainability with Fletcher Building, Uniservices, The Icehouse, and global steelcord & steelwire company Bekaert where she worked and lived across Europe, China, the Middle East, and North America.   Lisbeth holds a PhD of Engineering from the University of Auckland. And her background in both business leadership and engineering both shine through in today's episode.

Mark Cairns, chair of Freightways and long-time former Chief Executive of Port of Tauranga, has pulled out of the running to be Fletcher Building chair. 

The Shareholders Association says Fletcher Building's board is making the right moves in refreshing the company's leadership but it wants more transparency in the process. Anan Zaki has the business news.

Rebecca looks at South Korea's low birthrate problem and why it is becoming a problem for business. Some companies are offering financial incentives to employees who have children. And fast food company Wendy's new plan for dynamic pricing has sparked debate about price surging. Finally, a look at how the changes at Fletcher Building are playing out behind the scenes. Rebecca Stevenson is a senior journalist at BusinessDesk.

Fletcher Building's share price has plummeted after it delivered a disappointing 120-million-dollar-half-year loss, with a mixed reaction from market analysts. The result has seen the company's chief executive and chair resign, with some analysts saying the entire board needs to consider their positions. Nona Pelletier reports. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6346847378112

The country's biggest construction company, Fletcher Building, has posted a loss of $120 million for the six months to December - much worse that predicted. 

Top stories for Wednesday 14 February 2024 Hawke's Bay and Tai Rawhiti residents have woken to a beautiful morning a year on from the carnage of Cyclone Gabrielle - we'll have extensive coverage this morning. The Shareholders Association is calling on Fletcher Building's board to consider breaking-up the company In Australia, half a million people are without power in Victoria after bushfires and heavy storms wreaked havoc The U.S., Qatar and Egypt meet today with Israeli officials to try and organise a ceasefire in Gaza

The Shareholders Association says Fletcher Building's board should break up the company as investors brace for bad news this morning. Fletcher Building shares were placed in a trading halt on Monday February 12. The company surprised the market with cost increases to cover likely losses on a couple of big projects, the NZ International Convention Centre and Wellington Airport, now expected to be around $180million. Chief executive of the Shareholders Association, Oliver Mander, spoke to Corin Dann.

Fletcher Building's six month result is out. Business Editor Gyles Beckford spoke to Corin Dann.

Text Hawk to 66866 to become part of "Mindful Monday." Join 10's of thousands of your fellow learning leaders and receive a carefully curated email from me each Monday morning to help you start your week off right... Full show notes at www.LearningLeader.com Twitter/IG: @RyanHawk12   https://twitter.com/RyanHawk12 Dr. Angus Fletcher has dual degrees in neuroscience (BS, University of Michigan) and literature (Ph.D., Yale). His research employs a mix of laboratory experiment, literary history, and rhetorical theory to explore the psychological effects—cognitive, behavioral, therapeutic—of different narrative technologies. He's the best-selling author of multiple books including Wonderworks: The 25 Most Powerful Inventions in the History of Literature, and Storythinking: The New Science of Narrative Intelligence. "The story you tell yourself needs to be the true story of yourself." How Angus tells his story: Build trust Listen Demonstrate courage - Angus told a group of special forces operators one of the most embarrassing stories of his life. After that, he said, "I'm not scared of anything." You must be genuinely humble to learn from your mistakes. "Real leaders activate the leader within you." Being a leader is all about contemplating fear. Stepping up when adversity strikes is why we exist as leaders. It's easy to lead when everything is going well. We want to be known as the leader who is there when it's hard. Dr. Fletcher's ultimate goal of using the power of story to bring us closer to self-actualization. Seems like that's a good first step to being a great leader. Confidence is earned by creating evidence for yourself that you can do hard things. Angus did this when he shared his story of not making it through Marine Corps boot camp. Angus's vulnerability earned trust with the military leaders. “For the longer we suspend our judgments, the more accurate our subsequent verdicts become. This valuable fact has been uncovered by researchers who've spent decades probing the mechanics of better decision-making, only to discover that the key is simply more time and more information. Which is to say: reserving our judgment until the last possible moment.” Unlike a computer, the brain wasn't particularly data-driven. Or particularly logical. Instead, it was emotional. And creative. And powered by story. “There are a number of judgments that we can suspend permanently, including most of our judgments about other people. Our brain is constantly making such judgments. It looks at strangers on the street—and judges them. It looks at celebrities in magazines—and judges them. It looks at family members and colleagues and friends in homes and offices and restaurants—and judges them. These judgments feel instantly good to our neurons; they deliver pleasant microdoses of emotional superiority. But in the long run, they make us anxious, incurious, and less happy, so we can improve our long-term mental well-being if we suspend them.” Apply to be part of my Leadership Circle 02:12 - Highlights of Leadership Training04:24 - How to Prevent Failure09:14 - What is a Story Scientist? 12:57 - Is Story Science Therapy? 14:22 - Tell Your Story 18:56 - Vulnerability is the Most Powerful Thing You Can Do 22:00 - Can You Go Too Far With Being Vulnerable? 25:19 - How to Be Vulnerable 32:42 - Real Leaders Activate the Leader In You 36:10 - Where Does Your Sense of Confidence Come From? 40:50 - Punch Through Your Own Fear 43:00 - Be Open About What Could Go Wrong 44:47 - Questions to Ask During the Interview Process 48:33 - Responding to Adversity IS Leadership 51:45 - How to Be Excellent at Speaking 56:27 - Advice For Younger Leaders