Evening Business for 22 February 2012

Fletcher Building's shares fell 2%, after it posted a 13% fall in half year profit and cut its full-year forecast due to weak building activity. The country's largest listed company, made $144 million in the six months to December, compared with $166 million in the same period the previous year. Its chief executive, Jonathan Ling, says the company has been hurt by weak construction activity in New Zealand.