Investments

Tower - Down but not out

Monday 3rd of February 2003

For many financial services companies last year was a tough one. After years of good investment returns, the worm turned and things started to get nasty and so did shareholders.

For Tower, the year was particularly brutal. After a good first half-year, where investment income stood around $200 million, the second half year saw a drop to minus $250 milli...

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