Building materials
The response to Maas Group’s billion dollar asset sale and data centre investment has been brutal, with the stock down 25% on the ASX. But one of its biggest backers says the pivot is the right move.
Fletcher's management has won praise for moving quickly to seal the $273 million sale to Paris-listed Vinci, but investors say tougher tests still lie ahead.
Norges Bank, which manages the world's largest sovereign wealth fund, is opposing the election of five James Hardie directors and voting against its remuneration report.
