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Showing 361 - 370 of 372 results for "Tower 4"

Morning market wrap: Dow Jones ends losing streak

Shares in the US picked up 25.07 points on the Dow Jones index after US Federal Reserve chairman Alan Greenspan indicated to the US Congress' Joint Economic Committee that it would "not be unreasonable" to expect a pick-up in economic growth. Shares ...

Midday market wrap: All Ordinaries heads north

Gains across the major banks helped lift the All Ordinaries index to a 16.10 point gain by lunch. Westpac led the way, adding $0.17 to stand at $15.82. News Corp was also a strong performer, rising by $0.22 to $11.15. Troubled trans-Tasman financial ...

Midday market wrap: Tower plunges 32.7% after loss warning

Trans-Tasman financial services group Tower plummeted 32.7% during the morning session as anxious investors dumped the stock after the company flagged a likely half-year loss in excess of NZ$180 million ($161 million) when it releases its half-year ...

Tower issues $161 million half-year loss warning

Trans-Tasman financial services group Tower has announced an expected loss of "in excess" of NZ$180 million ($161 million) when it releases its half-year results on May 28. The company said that operating profit for the period is expected to be in the ...

Afternoon market wrap: Tower loses over one-third of value

Tower lost over one-third of its sharemarket value in one day after it warned of an expected loss in excess of $161 million in its upcoming half year profits to be released on May 28. The stock finished at $1.25, a fall of 36.2% as anxious investors ...

Tower continues restructuring with two new appointments

Tower Australia has continued to rebuild following a difficult 2002 with two new appointments to its risk and investment and risk and alliance businesses. Jordan Hawke, formerly national manager of wealth protection at MLC, has joined the company as ...

Tower appoints Taylor to group managing director

Tower has appointed acting chief executive Keith Taylor to group managing director as it continues to restructure following its $67.74 million loss last year. "There is no question that we have a lot of hard work to do-the market environment for financial ...

Lance Cottam retires from Tower

Tower has announced that director Lance Cottam will retire from the company on June 30 after 17 years on the board. "Lance Cottam has been part of the Tower Board for the past 17 years and during that time has seen Tower transformed from a Governement ...

Barclays tops Morningstar sector strength ratings

Barclays Global Investors' Managed Investments Australian share fund has received a sector strength rating of five and a Morningstar star rating of three stars for its style-neutral 'alpha tilts' investment approach, putting them on top of Morningstar's ...

Tower boosts cash levels to meet APRA demands

Tower Limited today announced that it has completed a capital restructure to meet solvency requirements imposed by the Australian Prudential and Regulation Authority (APRA) on its Australian operations. "Tower Australia now has a fully restored capital ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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When geopolitics becomes a portfolio risk

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