AMP is a diversified financial services company with primary operations in financial advice, including financial planning and wealth management.
A big part of its business is licensing other planning groups to provide advice. AMP also has capabilities in investing (AMP Capital), banking and, until recently, insurance.
AMP demerged its Private Markets business within the AMP Capital arm, which comprised infrastructure equity, infrastructure debt and real estate.
As part of this demerger, AMP also sold AMP Capital’s Global Equities and Fixed Income business.
AMP Limited (ASX:AMP) has announced the sale of AMP Life to Resolution Life is now “highly unlikely to proceed”, undermining a key part of AMP’s strategy and affecting their dividend.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.46% on Friday.
The share price of Netwealth Group Ltd (ASX:NWL) will be on watch today after revealing it had a record year in FY19.
AMP Limited (ASX: AMP) shares have fallen to $2.00 for the first time since listing in 1998, and are now down 42% in the last 12 months. How much further can they go?
The AMP Limited (ASX:AMP) share price is down 5% as the company announced an unfortunate development with APRA.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.02% at lunch.
The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.41% on Thursday.
AMP Limited (ASX:AMP) shares fell nearly 5% this morning following the release of a quarterly cashflow update and the appointment of a new CFO.
The Australian election has been called for 18 May 2019, how will it affect the ASX200 (XJO)?
