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Showing 341 - 350 of 372 results for "Tower 4"

Tower looking to make interest payments on capital bonds, despite losses

Tower Group announced today in its 2003 financial report that despite a $154.4 million loss for the half-year to March 31 2003, the company intends to make interest payments on the capital bonds. The company's chairman Olaf O'Duill said that the financial ...

Morningstar reconfirms Tower's one star rating

Morningstar has announced that Tower - comprising Tower Australia Ltd, Tower Australian Superannuation Ltd and Tower Managed Funds Ltd - will remain in the 'very poor quality' fund manager category and retain its one star performance rating. A more ...

Westpac Office Trust consolidates Sydney office tower construction projects

Leighton Properties has commenced work on two office towers as part of Westpac Office Trust's latest ambitious investment offering, Westpac has announced. Westpac established the Trust in March to acquire the Sydney site, and plans to consolidate its ...

Tower to refinance senior debt following S&P downgrade

The Tower board has decided to fully refinance its entire existing senior debt facilities comprising NZ$110 million (A$100 million) floating rate notes and NZ$190 million (A$170 million) syndicated bank facility, it has announced. This refinancing will ...

Afternoon market wrap: Shares run out of steam

The All Ordinaries index ran out of steam somewhat in the afternoon session, eroding gains earlier in the day. AMP finished at $4.91, a fall of $0.07, but Tower and Promina both eked out slight gains. The four major banks were all stronger. In percentage ...

Midday market wrap: National falls by 3%

The All Ordinaries index was helped to a slight loss during the morning session by a 3 per cent fall in National share prices, pushing the stock down to $32.85. The other major banks also fell, but only marginally. AMP, Tower and Promina also suffered ...

Tower converts to multi-manager Australian equities approach

Tower Asset Management has implemented a new multi-manager approach for Australian equities for Tower Australia, it has announced. "This announcement represents a major shift in approach for investment products offered by Tower," the company said. "We ...

Afternoon market wrap: Shares run out of steam

Shares ran out of momentum during the afternoon session as the All Ordinaries index gave back some of its early gains. Westpac was the big loser, shedding 3.4% to finish at $16.20 as its recent move to the upside came to a shuddering halt. The other ...

Tower accepted $1.35 on fears of 'catastrophic' share price fall

Tower chairman Olaf O'Duill has revealed that the fear of a 'catastrophic' fall in the company's share price persuaded its board to accept the security of a fully underwritten offer of $1.35 per share from Guinness Peat Group even though the market ...

Midday market wrap: Westpac sell-off defies stronger sentiment

Westpac shares defied the broadly positive sentiment during the morning session, falling by $0.35 to $16.42. Earlier Westpac had announced that it had signed up to the so-called 'Equator Principles,' a set of guidelines for managing social and environmental ...