Tower
Tower insurance returns to profit
The insurance company, Tower, has returned to profit, thanks to higher premiums, better weather and more of its customers moving online. Audio
Tower makes FY loss despite premium and customer growth
The insurance company, Tower, has cut its losses and is expecting to return to profitablity as it continues to transform its business. Audio
Tower upbeat about future performance
Insurance company, Tower, says it's started the year on a positive note despite bad weather and lingering complex claims from the Christchurch earthquakes. Audio
Tower puts initial cost on storm claims
The insurer, Tower, says the New Year storms are likely to cost it around 5-million dollars -- based on early estimates. Audio
Tower cuts annual loss to $8m, beefs up balance sheet
The insurance company, Tower, has more than halved its annual loss but is moving to strengthen its finances. Audio
Tower puts final nail in Suncorp bid
The insurance company, Tower, is preparing to raise new capital after formally ending its dealings with the Australian insurance giant, Suncorp. Audio
Tower says storms hit - making more on digi sales, cost cutting
The insurance company, Tower, says two unsuccessful takeover bids have cost it more than 2-million dollars in expenses, while it's doing more business online, and managing to reduce the cost of claims… Audio
Tower board gives backing to Suncorp takeover
The board of local insurance company Tower has given its backing to a takeover offer by Australian giant Suncorp.
Tower makes smaller H1 loss as disasters bite
The insurance company, Tower, has reported a smaller half year loss as it managed to cut costs, but was hit by hefty claims from a string of natural disasters. Audio
Tower may need capital raising to support firm in takeover tussle
Local insurance company, Tower, says it may need to raise capital to beef-up its balance sheet during what it expects to be a drawn out takeover saga. Audio
Suncorp increases its stake in Tower to 19.99%
Australian insurer Suncorp Group has increased its stake in local rival Tower to 19-point-9-9 percent. Audio
Vero applies to Commerce Commission to buy Tower
The Commerce Commission has received an application for insurance company Vero to purchase all shares in troubled rival Tower.
Vero takes stake in Tower
A potential bidding war is developing for troubled local insurance company Tower. Audio
Canadian insurance company eyeing Tower -report
Local insurance company Tower has been put on a trading halt amid speculation that a Canadian company is about to make an offer. Audio
Tower full-year loss widens, proposes new quake claims company
The insurance company, Tower, has reported a bigger full-year loss after writing down the value of its IT systems and putting more aside to cover Canterbury earthquake claims.
Tower takes further profit hit on lingering quake claims
Shares in the insurance company, Tower, have plunged close to 20 percent today after it said its profits will likely fall more than 16-million dollars because of Canterbury earthquake claims. Audio
Business briefs
The coffee franchise company, Cooks Global Foods, says it's made a larger-than-expected net loss in the year ended March. Audio
Tower confident but coy on full-year outlook
Shares in insurance company Tower took a hefty hit yesterday -- falling 12 percent to a near three-month low. Audio
Tower Insurance looking to cut products and costs
Listed insurance company Tower is going to cut the number of products it offers -- as well as squeeze costs -- as it looks to improve its performance and bottom line. Audio
Tower confirms loss on extra quake costs
Insurance company Tower has confirmed that it made a loss of nearly seven million dollars for the year ended September because of extra costs of the Canterbury earthquake claims. Audio