A fire broke out in the Ministry of Social Development offices in Auckland’s Glen Innes area this morning, prompting a response from a dozen fire trucks and 50 firefighters. The blaze, which started just after 7 am, has caused grey smoke to billow over the suburb, leading to road closures; Mayfair Pl is cordoned off, and Taniwha St and Apirana Ave are closed, while motorists can still use the roundabout. Authorities have advised that drivers should expect delays in the area due to the ongoing firefighting efforts.
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Fletcher Building expects $575m to $781m hit to bottom line: New losses forecast
Fletcher Building has projected significant items impacting its financial results, estimating losses between $573 million and $781 million for the fiscal year ending June 30, 2025. Prior to accounting for these losses, the company anticipates earnings before interest and tax (EBIT) of $386.4 million to $391.4 million, with institutional investors expressing concerns over lowered profit expectations. Need More Context? 🔎
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