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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 Afterpay Touch Group Limited (ASX:APT) share price is down 5% at lunch, making it one of the worst falls in the ASX 200.
Commonwealth Bank of Australia (ASX:CBA), Australia’s largest bank, released its third-quarter trading update for its 2019 financial year.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.04% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.04% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.24% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.91% at lunch.
AMP Limited (ASX:AMP) has announced that it’s going to sell its ‘Wealth Protection’ and other mature businesses for $3.3 billion to Resolution Life.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.44% at lunch.
AMP Limited (ASX: AMP) will soon face ASIC in court due to its part in the fees-for-no-service scandal.
