New Zealand Shares Drop on Consumer Pessimism; Ebos Group Falls 3% After Appointing New CFO

New Zealand shares capped off the week with losses on Friday following a report showing consumers becoming more pessimistic in April. The S&P/NZX 50 Index fell 1.18% or 141.34 points to close at 11,80

MT NewswiresApr 26 01:48 ET

AM Best Affirms Tower's Financial Strength Rating as A- (Excellent)

AM Best affirmed Tower's (NZE:TWR, ASX:TWR) Financial Strength Rating as A- (Excellent), as well as the company's Long-Term Issuer Credit Rating as a- (Excellent), both with a stable outlook, accordin

MT NewswiresApr 25 18:57 ET

New Zealand Shares Rebound on Easing Inflation; Tower Ltd. Rises 8% on Improved FY2024 Guidance

New Zealand shares rebounded on Wednesday after consumer price index (CPI) data for the March quarter came in lower than analysts' expectations. The S&P/ NZX 50 Index rose 0.6% or 70.51 points to clos

MT NewswiresApr 17 01:47 ET

Tower Upwardly Revises Underlying Net Profit Guidance for Fiscal 2024

Tower Limited (ASX:TWR, NZE:TWR) expects underlying net profit after tax to exceed NZ$35 million for fiscal 2024 ending Sept. 30, according to a New Zealand bourse filing on Wednesday. This is an upwa

MT NewswiresApr 16 18:57 ET

New Zealand Shares Extend Decline on US Inflation Woes; Fletcher Building Swings to Net Loss in Fiscal H1

New Zealand shares continued its decline on Wednesday, tracking its US counterparts, as higher than anticipated US inflation data may lead to delays to potential rate cuts. The S&P/NZX 50 slumped 0.67

MT NewswiresFeb 13 23:39 ET

Tower Expects Underlying Net Profit to Be at Upper End/Exceed Fiscal Year 2024 Guidance; Shares Jump 8%

Tower (NZE:TWR, ASX:TWR) expects its underlying net profit to either reach or exceed the upper end of its AU$22 million to AU$27 million guidance for the fiscal year ending Sept. 30. The insurance fir

MT NewswiresFeb 13 19:10 ET