Trading in Fletcher Building resumes this morning after the Kiwi construction giant pushed back on a Perth company's claims about leaks in its Iplex pipes.
JMI Wealth Director Andrew Kelleher told Mike Hosking that Fletcher is front-footing the allegations, claiming other companies haven't experienced similar issues and it was due to poor installation.
He says the company's response should be successful in mitigating the degree to which the market will react today, when trading resumes.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.