Fletchers rebuild city

Though a regional disaster for most, the 7.1 earthquake which hit Christchurch in September will generate some serious business for New Zealand’s largest construction group Fletchers. While acknowledging the tragedy of the earthquake, investors say it’s clear New Zealand’s construction sector, which had been expected to be quite subdued, will see a lift from the added government spending following the earthquake. Early figures from the New Zealand Treasury estimate the reconstruction costs to damaged assets could be $4 billion and as one of only two major suppliers of cement in the market, Investors Mutual senior portfolio manager Simon Conn said he expected Fletcher Building’s products to be in high demand. “The Christchurch rebuild will lift demand for a whole list of their products, so Fletcher is well placed on the back of that,” Conn said.


Tags: Australian (The)  Christchurch  earthquake  Fletcher  

Booker Prize Winner Keri Hulme Always a Storyteller

Booker Prize Winner Keri Hulme Always a Storyteller

Keri Hulme, the New Zealander whose 1984 novel The Bone People won the Man Booker Prize, has died at her home in Waimate, South Canterbury. She was 74. Hulme worked as…