UPDATE: Tower shares halted as insurer reviews Canterbury provisions

Tue, 28 Apr 2015

By Suze Metherell April 29 (BusinessDesk) - Shares of Tower were halted on the New Zealand and Australian stock exchanges, as it reviews its Canterbury provisions and flags a "material impact" ahead of reporting its first-half earnings next month. In its request for a trading halt to the ASX and NZX, the insurer said in preparation for reporting its earnings in the six months ended March 31 it is "reviewing its Canterbury provisions and related matters, which may have a material impact." The halt comes after earlier this month it said it...

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