Jeremy Hutton: Milford Asset Management expert on the market reactions to Fletcher Building - Heather du Plessis-Allan Drive

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 ABOVE

See omnystudio.com/listener for privacy information.