NZ's Tower Ltd eyes best week in over 19 months on strong FY outlook

Tower

09/10/2026 24:14

** Shares of Tower Ltd TWR.NZ up 5.4% so far this week, on track for their best week since February 2025
** Stock up 1% at NZ$2.1 on Friday
** On Tuesday, the insurer upgraded its FY26 underlying NPAT forecast to range between NZ$69 mln and NZ$79 mln ($38.67 mln and $44.27 mln)
** Company previously forecast underlying NPAT to be between NZ$55 mln and NZ$65 mln
** Shares up 2.5% YTD, including day's moves


($1 = 1.7844 New Zealand dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))