Tag: tower

NZ Economic Pulse CLOSE: 21 September 2026

21 Sep 2026 5:45 p.m. · Source: Newswire.nz Economic Pulse

Fonterra lifts 2026/27 milk price midpoint to NZ$9.50 as NZX 50 closes up 0.60%

Business Economy Financial Markets Agriculture Real Estate NZ Economic Pulse Fonterra Farmgate Milk Price NZX 50 Booster Investment Management Private Land and Property Fund Tower reinsurance NZ dollar trade-weighted index Reserve Bank of New Zealand a2 Milk Mainfreight Ryman Healthcare Precinct Properties Port of Tauranga dairy vineyard values New Zealand sharemarket NZX
Tower Faces $7 Million Penalty for Misleading Customers

9 Dec 2025 2:01 p.m. · Source: NZ Financial Markets Authority

Tower has been ordered to pay a $7 million penalty for misleading representations, leading to over $11 million in overcharges to customers. The FMA brought civil proceedings after Tower self-reported the issue.

Business Legal Australasia Financial Markets Law Enforcement Tower Financial Markets Authority FMA Financial Markets Conduct Act FMC Act Auckland Civil Proceedings NZ Financial Markets Authority