BUZZ-New Zealand's Bremworth soars on settlement of insurance claims

Reuters

2025/02/04

** Shares of Bremworth BRW.NZ rise 14.6% to NZ$0.55, their highest since Feb. 23, 2024

** Rug & carpet co reaches final settlement with insurers for an amount of NZ$104.2 mln ($58.52 mln) in relation to claims made for loss to business, others caused by Cyclone Gabrielle

** Stock posts its biggest intraday pct gain since Aug. 29

** Stock up 41% this year, including day's move

($1 = 1.7806 New Zealand dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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