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.
The final Royal Commission Report has been handed in by Commissioner Hayne.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.40% at lunch.
AMP Limited (ASX:AMP) has just announced a large dividend cut in its pre-report update, is it a buy?
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.13% on Thursday.
I’ll keep this short and sweet and say I’ll never AMP Limited (ASX:AMP) shares directly for my portfolio.
CoreLogic has just reported that Sydney and Melbourne house prices fell 1.8% and 1.5% respectively in December 2018.
AMP Limited (ASX:AMP) shares have had a disastrous run in 2018 — falling from over $5 to their current price of around $2.41.
Some market commentators are now saying that house prices could fall by 20% or more from its peak to the bottom in Sydney and Melbourne.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.17% at lunch.
