New Zealand's Bremworth soars on settlement of insurance claims

Bremworth

04/02/2025 03:03

** Shares of Bremworth  BRW.NZ  rise 14.6% to NZ$0.55, their
highest since Feb. 23, 2024
    ** Rug & carpet co reaches final settlement with insurers
for an amount of NZ$104.2 mln ($58.52 mln) in relation to claims
made for loss to business, others caused by Cyclone Gabrielle
    ** Stock posts its biggest intraday pct gain since Aug. 29
    ** Stock up 41% this year, including day's move

($1 = 1.7806 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))