Forsyth Barr upbeat on Tower

Forsyth Barr upbeat on Tower
Better weather is likely to be good for Tower. (Image: NZME)
Victoria Young
Analysts at Forsyth Barr are expecting higher earnings from insurer Tower because of better weather conditions, which will impact the number of claims.ForBarr's James Lindsay and Will Twiss also noted that the exit by its largest shareholder, Bain Capital, will reweight the stock in the NZX 50 and increase liquidity.“With Bain now fully off the register, investor attention can refocus on Tower’s improving fundamentals, robust capital position, and potential for further re-rating,” they said in a note issued on April 3...

More Markets

ACCC yet to start Bega’s Fonterra Oceania acquisition review
Primary Sector

ACCC yet to start Bega’s Fonterra Oceania acquisition review

It’s been nearly a month since the Aussie dairy company filed for one.

F&P Healthcare drop leads NZX lower, rural stocks show strength
Markets Market Close

F&P Healthcare drop leads NZX lower, rural stocks show strength

Rural services group PGG Wrightson rose 14c or 6.9% to $2.17. 

Jamie Gray 11 Jul 2025
Tait won’t up its offer for Vital ‘under any circumstances’
Markets

Tait won’t up its offer for Vital ‘under any circumstances’

Suitor says offer is ‘at the maximum’ of its assessment of target’s value.

Rebecca Howard 11 Jul 2025
Vital holder slams takeover valuation report
Markets

Vital holder slams takeover valuation report

Matt Goodson says the Grant Samuel report was ‘particularly uninformative’. 

Gregor Thompson 11 Jul 2025