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Showing 351 - 360 of 372 results for "Tower 4"

Standard & Poors lowers Tower ratings

Standard & Poor's Ratings Services has lowered the insurer financial strength and long-term counterparty credit ratings on various Australian and New Zealand subsidiaries of Tower Ltd to BBB-plus from A-minus. It also has removed these ratings from ...

Morningstar downgrades Tower's business and management rating

Morningstar has decided to downgrade Tower's business and management strength rating from 'neutral' to 'negative' due to the uncertainties surrounding future earnings and strategy. And it has reconfirmed its rating of Tower's stability and probability ...

Midday market wrap: All Ordinaries rises, AMP falls

The All Ordinaries moved 24.80 points higher by lunch in the slipstream of strong overnight gains on Wall Street. Under pressure Tower gained $0.06 to $1.43 as it announced a half-year loss of $136.95 million, slightly better than been foreshadowed ...

Tower announces half year loss of $136.95 million

Tower has announced a half year loss of NZ$154.4 million (A$136.95 million) and unveiled Guinness Peat Group as a "cornerstone" investor as part of a NZ$200 million capital raising. The capital raising is due to be completed, subject to shareholder ...

Afternoon market wrap: AMP continues to fall

AMP's woes continued as shares in the beleaguered financial services and insurance giant continued to fall, despite the stronger sentiment on the index as a whole. AMP finished at $4.87-a fall of $0.12 over the course of the day-while the All Ordinaries ...

Morning market wrap: US shares fractionally higher

US finished the week marginally higher, pushing the Dow Jones index up 7.36 points as few players were prepared to take a large position before the weekend. Domestically, Tower faces an important week. With half-year results due on Wednesday, the trans-Tasman ...

Afternoon market wrap: Week starts in subdued fashion

The All Ordinaries finished 1.30 points lower over the course of the day as slightly firmer afternoon sentiment pushed the index towards parity following a weaker start. Three out of the four major banks recorded fractional gains, with ANZ the only ...

Midday market wrap: Shares drift lower

Marginal falls in three out of the four major banks helped drag the All Ordinaries index slightly lower during the morning session. Only National traded higher, edging up to $32.52. AMP was also a fraction higher, although after a torrid past few weeks ...

Morning market wrap: Major indices all rise

Domestic shares will be buoyed by gains across all the major global indices yesterday following comments from US Federal Reserve chairman Alan Greenspan that were carefully supportive of an economic recovery. AMP and Tower shareholders will hoping that ...

Tower shareholders "duped and deceived": Shareholders Association

Shareholders in troubled financial services company Tower have been misled for years about the company's true worth, NZ Shareholders' Association chairman Bruce Sheppard said today. "The issue for shareholders is that for many years they have been duped ...