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News and media


Tracey Palmer
Head of Corporate Communications
tracey.palmer@tower.co.nz
09 369 2017
Kelly Gregor
Internal Communications Manager
kelly.gregor@tower.co.nz
09 369 2215


TOWER net profit of $44.2m, new direction ahead

TOWER Limited has reported a $44.2 million net profit after tax for the half year to 31 March 2013.

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28 May
2013

Red zone case settled

Rob Flannagan, TOWER’s Group Managing Director, said today the company was pleased to have reached a settlement with Mr and Mrs O’Loughlin whose earth...

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19 Apr
2013

TOWER to move to Sum Insured coverage

TOWER confirmed today that it would move to Sum Insured house cover, to meet international reinsurance requirements.

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10 Apr
2013

Markets and Economies March 2013

More positive news emerged about the US economy over February such as better housing, labour market and purchase manager intention statistics.

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22 Mar
2013

Asset Allocation and Currency March 2013

There were no changes in asset allocation over February, 2013. Accordingly, there are no tactical asset allocation (TAA) tilts shown in Graphs 1 and 2...

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22 Mar
2013

Why one-year returns are uninformative

The futility of placing value on one-year performance can be demonstrated with the following simulation.

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22 Mar
2013

Making sure “it” doesn’t happen again

Back in November 2002, when he was a newly appointed governor of the US Federal Reserve but not yet the chairman, Ben Bernanke earned his nickname “He...

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22 Mar
2013

Too much reliance on central banks?

Yields were slightly higher across the curve in February. Locally, there were some encouraging confidence and retail sales numbers, but the employm...

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22 Mar
2013

Growth spurt continues for KiwiSaver membership

KiwiSaver default provider TOWER Investments has released its regular monthly analysis of the IRD’s aggregate KiwiSaver enrolment statistics for the m...

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21 Mar
2013

TOWER property fund goes shopping in Auckland

In late February, the wholesale TOWER Property Fund (TPF) settled on the URS Centre, a commercial office property located at 13-15 College Hill Road, ...

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21 Mar
2013

Market Movements as at 28 February 2013

Market Movements as at 28 Februray 2013

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21 Mar
2013