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

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025