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TOWER LTD

1.570

+0.0100.64%

Volume:5.13K

Turnover:8.13K

Market Cap:537.81M

PE:6.83

High:1.590

Open:1.560

Low:1.560

Close:1.560

52wk High:1.600

52wk Low:0.944

Shares:342.55M

Float Shares:326.29M

Volume Ratio:0.06

T/O Rate:0.00%

Dividend:0.14

Dividend Rate:8.69%

EPS(TTM):0.230

EPS(LYR):0.195

ROE:26.05%

ROA:12.98%

PB:1.75

PE(LYR):8.06

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Overview Company News Filings

New Zealand Shares Flat Amid Wall Street's Record High, Tower Lifts Fiscal Year 2025 Profit Guidance

MT Newswires Live

Tower Lifts Fiscal 2025 Profit Guidance on Lower Large Event Costs

MT Newswires Live

NZ Regulator Urges Insurers to Review, Amend Claims Processes

MT Newswires Live

Market Chatter: Tower Expected to Deliver NZ$94 Million Fiscal Year 2025 Profit, Says Forsyth Barr, interest.co.nz Reports

MT Newswires Live

Tower Drops Multi-Policy Discount Amid Compliance Concerns

MT Newswires Live

Tower Names Paul Johnston as Permanent CEO; Shares Down 3%

MT Newswires Live

Tower Chairman Urges New Zealand Government to Set Final Time Limits on Canterbury Earthquake Insurance Claims, Shares Climb 4%

MT Newswires Live

ASX Preview: Australian Shares to Open Higher as Traders Await RBA Decision

MT Newswires Live

Tower Posts Higher Fiscal H1 Earnings, Insurance Revenue

MT Newswires Live

Tower Posts Fiscal H1 EPS of NZ$0.13, Insurance Revenue of NZ$295.8 Million

MT Newswires Live

RBNZ Says Stress Test Shows Insurers Will Meet Policyholders' Claims in a Potential 1-in-1,200-Year Loss Event

MT Newswires Live

Tower Gets 'A-' Rating From AM Best; Outlook Stable

MT Newswires Live

Tower Raises Fiscal 2025 Net Profit After Tax Guidance

MT Newswires Live

ASX Preview: Australian Shares to Open Higher After Easter Break; ASX's System Trading Update Hit by Delay

MT Newswires Live

Tower Says ATO Class Ruling Confirms No Dividend Tax for Australian Shareholders

MT Newswires Live

New Zealand Shares Fall Tracking Wall Street Losses After US Tariff Announcement

MT Newswires Live

Market Chatter: Tower on Track to Achieve Nearly Bottom Half of Fiscal 2025 Guidance in Fiscal H1 Amid Mild Weather

MT Newswires Live

New Zealand Shares End Flat After US Tariff Announcement

MT Newswires Live

Tower Says Bain Capital, Affiliates No Longer Substantial Shareholders

MT Newswires Live

Australian Shares Rise Amidst Selloff Rebound; Tower Confirms Bain Capital Sell-Down

MT Newswires Live

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Zealand Shares Flat Amid Wall Street's Record High, Tower Lifts Fiscal Year 2025 Profit Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2566940289","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2566940289?lang=en_us&edition=fundamental","pubTime":"2025-09-12 13:40","pubTimestamp":1757655611,"startTime":"0","endTime":"0","summary":" $New Zealand(NZERF)$ shares were flat on Friday while Wall Street soared to record highs as the latest inflation data reaffirmed the odds of an upcoming September Fed rate cut.The S&P/NZX 50 Index...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["T10G.NZ","BK7016","US3Y.BOND","US5Y.BOND","TWR.AU","NZ50G.NZ","US30Y.BOND","BK7503","BK7034","NZ20C.NZ","US7Y.BOND","US10Y.BOND","US2Y.BOND","US6M.BOND","GTK.AU","US12M.BOND"],"gpt_icon":0},{"id":"2566914008","title":"Tower Lifts Fiscal 2025 Profit Guidance on Lower Large Event Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2566914008","media":"MT Newswires Live","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2566914008?lang=en_us&edition=fundamental","pubTime":"2025-09-12 05:46","pubTimestamp":1757627172,"startTime":"0","endTime":"0","summary":"Tower  lifted its fiscal 2025 underlying net profit after tax  guidance to a range of NZ$100 million to NZ$110 million, up from NZ$70 million to NZ$80 million previously, driven by lower large event costs and growth in customer numbers, according to a Friday filing with the New Zealand bourse.The previous guidance assumed full use of the NZ$50 million large events allowance, the filing said. However, with only NZ$7 million in costs so far, around NZ$43 million is expected to be added back to underlying NPAT, assuming no further events.The company's customer base rose 5% to 318,000, with policy growth of 4%, led by a 10% rise in New Zealand house insurance, per the filing.The gross written premium  growth guidance was cut to 2% to 3% from mid-single digits, with the management expense ratio rising to about 31% due to lower GWP and ongoing technology and customer acquisition investments, the filing 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Insurance Group , and Tower  to review and amend their claim processes following consumer complaints relating to delays and the experience of the process after an extreme event, according to a Wednesday statement by the regulator.The FMA, in a review, identified six areas in the process that need improvement, including communication, oversight, support for vulnerable customers, resourcing, and complaints handling.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","TWR.AU","QBE.AU","IAG.AU"],"gpt_icon":0},{"id":"2553716482","title":"Market Chatter: Tower Expected to Deliver NZ$94 Million Fiscal Year 2025 Profit, Says Forsyth Barr, interest.co.nz Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2553716482","media":"MT Newswires Live","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2553716482?lang=en_us&edition=fundamental","pubTime":"2025-07-24 14:56","pubTimestamp":1753340217,"startTime":"0","endTime":"0","summary":"Tower   is expected to post an underlying profit of NZ$94 million in fiscal year ending September, up from NZ$83.5 million in fiscal year 2024, interest.co.nz reported on Thursday, citing Forsyth Barr's report.According to the report, the insurer's risk-based pricing model is deemed its most defensible edge, as it's actively off-risking high-theft car models and focusing on insuring lower-risk properties, reshaping its insurance book.Tower's Management Expense Ratio  is expected to fall to about 30% within the fiscal year, supported by digital efficiencies and scale, the report added.Forsyth Barr analysts expect Tower to achieve 18.8% return on equity by 2027, aligning with its own guidance and outperforming regional peers.The report notes a \"positive step-change\" in Tower's earnings base, projecting normalized fiscal year 2026 earnings of NZ$61.8 million under typical weather conditions.Forsyth Barr has rated Tower as outperform.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","TWR.AU"],"gpt_icon":0},{"id":"2553266106","title":"Tower Drops Multi-Policy Discount Amid Compliance Concerns","url":"https://stock-news.laohu8.com/highlight/detail?id=2553266106","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2553266106?lang=en_us&edition=fundamental","pubTime":"2025-07-23 05:39","pubTimestamp":1753220393,"startTime":"0","endTime":"0","summary":"Tower  is removing its multi-policy discount, citing concerns over compliance risks and a commitment to maintaining high customer service and regulatory standards, according to a Wednesday filing with the New Zealand and Australian bourses.Chief Executive Paul Johnston stated that while the insurer remains committed to fair and competitive pricing, and is upgrading systems to ensure eligible customers receive multi-policy discounts, the complexity of calculating these discounts still presents a risk of error, the filing added.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","TWR.AU"],"gpt_icon":0},{"id":"2542991376","title":"Tower Names Paul Johnston as Permanent CEO; Shares Down 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2542991376","media":"MT Newswires Live","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2542991376?lang=en_us&edition=fundamental","pubTime":"2025-06-11 12:12","pubTimestamp":1749615120,"startTime":"0","endTime":"0","summary":"Tower  appointed Paul Johnston as its permanent chief executive, effective June 11, according to a Wednesday filing with the Australian and New Zealand bourses.Johnston joined the company as chief financial officer in 2022 and has been interim CEO since Feb. 12.The company's Australian shares fell nearly 3% in recent Wednesday trade, while its New Zealand-listed shares tumbled 4%.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TWR.AU","XJO.AU","BK7034","XAO.AU","XKO.AU"],"gpt_icon":0},{"id":"2536966165","title":"Tower Chairman Urges New Zealand Government to Set Final Time Limits on Canterbury Earthquake Insurance Claims, Shares Climb 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=2536966165","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2536966165?lang=en_us&edition=fundamental","pubTime":"2025-05-20 13:02","pubTimestamp":1747717324,"startTime":"0","endTime":"0","summary":"Tower  chairman Michael Stiassny urged the New Zealand government to legislate to impose final time limits on the Canterbury earthquake insurance claims to provide certainty for all parties, according to a Tuesday release.He noted that the EQC Act did not set a time limit for reopening historic claims, and claims continue to be reopened. The National Hazards Commission is responsible for paying the first NZ$100,000 of each Canterbury earthquake claim, before the responsibility is transferred to private insurers.The current situation may prevent the commission from restoring capital levels, which may leave it vulnerable to the next big event, he cautioned.The insurer's shares climbed 4% in recent trading on the Australian bourse on Tuesday.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NZ50G.NZ","NZ20C.NZ","T10G.NZ","BK7034","TWR.AU"],"gpt_icon":0},{"id":"2536535356","title":"ASX Preview: Australian Shares to Open Higher as Traders Await RBA Decision","url":"https://stock-news.laohu8.com/highlight/detail?id=2536535356","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2536535356?lang=en_us&edition=fundamental","pubTime":"2025-05-20 06:06","pubTimestamp":1747692393,"startTime":"0","endTime":"0","summary":"Australian shares are poised to open higher Tuesday, with investors all eyes on the Reserve Bank of Australia's (RBA) policy decision later in the day.The RBA is widely expected to reduce the official","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0757428866.USD","APA.AU","RBA","XJO.AU","XKO.AU","BK7148","BK7034","TWR.AU","BK4137","LU1303367103.USD","XAO.AU","LU1815336091.USD","LU2098885051.SGD"],"gpt_icon":0},{"id":"2536348653","title":"Tower Posts Higher Fiscal H1 Earnings, Insurance Revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=2536348653","media":"MT Newswires Live","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2536348653?lang=en_us&edition=fundamental","pubTime":"2025-05-20 06:03","pubTimestamp":1747692181,"startTime":"0","endTime":"0","summary":"Tower  reported Tuesday that its earnings per diluted share in the fiscal first half rose to NZ$0.13 from NZ$0.094 a year earlier.Analysts polled by Visible Alpha expected NZ$0.114.Insurance revenue for the six months ended March 31 was NZ$295.8 million, up from NZ$269.4 million in the same period a year earlier. Analysts surveyed by Visible Alpha expected NZ$292.7 million.Gross written premium for the first half was NZ$297 million, up from NZ$291 million a year earlier. Analysts surveyed by Visible Alpha expected NZ$303.6 million.The board declared an interim dividend of NZ$0.08 per share, up from NZ$0.03 a year earlier, payable on June 26 to shareholders on record as of June 12.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TWR.AU"],"gpt_icon":0},{"id":"2536658266","title":"Tower Posts Fiscal H1 EPS of NZ$0.13, Insurance Revenue of NZ$295.8 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2536658266","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2536658266?lang=en_us&edition=fundamental","pubTime":"2025-05-20 05:40","pubTimestamp":1747690840,"startTime":"0","endTime":"0","summary":"Tower Posts Fiscal H1 EPS of NZ$0.13, Insurance Revenue of NZ$295.8 Million","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TWR.AU"],"gpt_icon":0},{"id":"2533649526","title":"RBNZ Says Stress Test Shows Insurers Will Meet Policyholders' Claims in a Potential 1-in-1,200-Year Loss Event","url":"https://stock-news.laohu8.com/highlight/detail?id=2533649526","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2533649526?lang=en_us&edition=fundamental","pubTime":"2025-05-06 14:53","pubTimestamp":1746514397,"startTime":"0","endTime":"0","summary":"The Reserve Bank of New Zealand said that its stress testing showed that all policyholders' claims could be met in a potential 1-in-1,200-year loss event.The 2024 general insurance stress test include","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["QBE.AU","IAG.AU","BK7034","TWR.AU"],"gpt_icon":0},{"id":"2530068415","title":"Tower Gets 'A-' Rating From AM Best; Outlook Stable","url":"https://stock-news.laohu8.com/highlight/detail?id=2530068415","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2530068415?lang=en_us&edition=fundamental","pubTime":"2025-04-28 12:03","pubTimestamp":1745813005,"startTime":"0","endTime":"0","summary":"Tower  said AM Best has affirmed its financial strength rating and long-term issuer credit rating of A- , both with a stable outlook, following its annual review, according to a Monday Australian bourse filing.AM Best's rating is based on the company's balance sheet strength, which it assesses as \"very strong,\" as well as the company's adequate operating performance, neutral business profile, and appropriate enterprise risk management, according to the filing.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TWR.AU","AM"],"gpt_icon":0},{"id":"2529354250","title":"Tower Raises Fiscal 2025 Net Profit After Tax Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2529354250","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2529354250?lang=en_us&edition=fundamental","pubTime":"2025-04-22 06:52","pubTimestamp":1745275928,"startTime":"0","endTime":"0","summary":"Tower  now expects its fiscal 2025 underlying net profit after tax to reach between NZ$70 million and NZ$80 million, up from a previous guidance range of NZ$60 million to NZ$70 million, according to a Tuesday filing with the Australian and New Zealand bourses.The guidance assumes full utilization of the NZ$50 million large events allowance, per the filing.The Kiwi insurer has recorded only one large event so far in the fiscal year ending Sept. 30. This was the Dunedin flood in October 2024, which incurred around NZ$3 million.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","TWR.AU"],"gpt_icon":0},{"id":"2529276359","title":"ASX Preview: Australian Shares to Open Higher After Easter Break; ASX's System Trading Update Hit by Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=2529276359","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2529276359?lang=en_us&edition=fundamental","pubTime":"2025-04-22 06:07","pubTimestamp":1745273229,"startTime":"0","endTime":"0","summary":"Australian shares are set to open slightly higher on Tuesday following a long weekend break, with investors closely watching US President Donald Trump's increasing pressure on the Fed to bring interes","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TWR.AU","ASX.AU","BK7039","US2Y.BOND","BK7034","US3Y.BOND","US7Y.BOND","US30Y.BOND","XAO.AU","US6M.BOND","US10Y.BOND","XKO.AU","XJO.AU","US5Y.BOND","US12M.BOND"],"gpt_icon":0},{"id":"2528789757","title":"Tower Says ATO Class Ruling Confirms No Dividend Tax for Australian Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2528789757","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2528789757?lang=en_us&edition=fundamental","pubTime":"2025-04-17 09:19","pubTimestamp":1744852780,"startTime":"0","endTime":"0","summary":"Tower  said the Australian Taxation Office confirmed in a ruling that no portion of the payment received by shareholders as part of the company's NZ$45 million capital return will be treated as a dividend for Australian shareholders, according to a Thursday filing with the Australian and New Zealand bourses.The ATO also confirmed it would not apply sections 45A or 45B of the Income Tax Assessment Act 1936, which relate to dividend substitution arrangements.The share cancellation, completed on March 20, constitutes a capital gains tax event, potentially resulting in a capital gain or loss depending on the cost base of the shares, the filing added.Tower urged shareholders to review the ruling and seek independent tax advice.Shares of the company fell nearly 1% in recent Thursday trade in New Zealand.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["TWR.AU","BK7034","ATO","BK4197","LU2362541513.USD","XAO.AU","XJO.AU","XKO.AU","LU2362541273.HKD","LU2362540622.SGD","BK4585","BK4588"],"gpt_icon":0},{"id":"2524224415","title":"New Zealand Shares Fall Tracking Wall Street Losses After US Tariff Announcement","url":"https://stock-news.laohu8.com/highlight/detail?id=2524224415","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524224415?lang=en_us&edition=fundamental","pubTime":"2025-04-04 13:07","pubTimestamp":1743743248,"startTime":"0","endTime":"0","summary":"New Zealand shares ended lower on Friday tracking losses from Wall Street as US indexes fell sharply after tariff announcements.The S&P/NZX 50 Index dropped 0.9% or 113.29 points to close at 12,225.28","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","TWR.AU","T10G.NZ","IAG.AU","CFA.SI","NZ20C.NZ","NZ50G.NZ"],"gpt_icon":0},{"id":"2524212899","title":"Market Chatter: Tower on Track to Achieve Nearly Bottom Half of Fiscal 2025 Guidance in Fiscal H1 Amid Mild Weather","url":"https://stock-news.laohu8.com/highlight/detail?id=2524212899","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524212899?lang=en_us&edition=fundamental","pubTime":"2025-04-04 06:03","pubTimestamp":1743717806,"startTime":"0","endTime":"0","summary":"Kiwi insurer Tower  is on track to report an underlying profit of nearly NZ$60 million for the six months ended March 31, representing close to the bottom end of its fiscal 2025 guidance, Interest.co.nz reported Thursday, citing Forsyth Barr.The upbeat forecast was driven by minimal large event costs and fewer business-as-usual claims amid a generally mild weather during the fiscal half-year period, said Forsyth Barr. Only an estimated NZ$3 million of the insurer's large events allowance had been used on the Dunedin floods in October 2024, according to analysts James Lindsay and Will Twiss.Tower expects fiscal 2025 underlying after-tax net profit guidance to range from NZ$60 million to NZ$70 million based on its upgraded outlook in early February.A \"favorable\" result is expected to lead to further capital returns or special dividends, Lindsay and Twiss said in the Forsyth Barr report, as quoted by Interest.co.nz.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","TWR.AU"],"gpt_icon":0},{"id":"2524403375","title":"New Zealand Shares End Flat After US Tariff Announcement","url":"https://stock-news.laohu8.com/highlight/detail?id=2524403375","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524403375?lang=en_us&edition=fundamental","pubTime":"2025-04-03 12:39","pubTimestamp":1743655171,"startTime":"0","endTime":"0","summary":"New Zealand shares ended flat on Thursday with a positive bias following a global sell-off after US President Donald Trump announced reciprocal tariffs.The S&P/NZX 50 Index was slightly changed to gain 0.2% or 18.38 points to close at 12,338.57.Trump has imposed 10% tariffs on New Zealand as part of his sweeping tariff plan.Trade Minister Todd McClay said New Zealand will not retaliate against the tariffs as it would hike costs for consumers and add to inflationary pressure.In the local economy, the ANZ World Commodity Price Index fell 0.4% month-over-month in March, and the NZD Commodity Price Index fell 0.5% over the same period, according to a Thursday report from ANZ Research.Meanwhile, New Zealand households' net worth rose NZ$834 million to NZ$2.44 trillion in the December 2024 quarter, Stats NZ said Thursday.In corporate news, Tower  said Bain Capital Investments and its related entities ceased to be substantial holders after selling all of their 68.3 million shares or 19.94% st","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["NZ20C.NZ","T10G.NZ","TWR.AU","BK7034","NZ50G.NZ"],"gpt_icon":0},{"id":"2524475568","title":"Tower Says Bain Capital, Affiliates No Longer Substantial Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2524475568","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524475568?lang=en_us&edition=fundamental","pubTime":"2025-04-03 10:12","pubTimestamp":1743646349,"startTime":"0","endTime":"0","summary":"Tower  said Bain Capital Investments and its related entities ceased to be substantial holders after selling all of their 68.3 million shares or 19.94% stake in the company, according to a Thursday filing with the Australian and New Zealand bourses.The company's shares fell nearly 1% in Australia in recent Thursday trade, while its Kiwi shares shed about 2%.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","XJO.AU","XKO.AU","XAO.AU","TWR.AU"],"gpt_icon":0},{"id":"2524997130","title":"Australian Shares Rise Amidst Selloff Rebound; Tower Confirms Bain Capital Sell-Down","url":"https://stock-news.laohu8.com/highlight/detail?id=2524997130","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524997130?lang=en_us&edition=fundamental","pubTime":"2025-04-01 13:59","pubTimestamp":1743487188,"startTime":"0","endTime":"0","summary":"Australian shares rose on Thursday's close, as Asian markets recovered from Monday's global selloff, while the Reserve Bank of Australia left cash rates unchanged.The S&P/ASX 200 Index rose 1% or 81.8","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK7034","XAO.AU","XKO.AU","BK7511","RIO.AU","BK7507","BK7145","BK7014","TWR.AU","AVJ.AU","BK7095","XJO.AU"],"gpt_icon":0}],"pageSize":20,"totalPage":2,"pageCount":1,"totalSize":25,"code":"91000000","status":"200"}]}}