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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.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.45% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.85% at lunch.
AMP Limited (ASX:AMP) announced a 2018 trading update which detailed its plans to “reset” the business.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Friday morning. BHP Billiton Limited (ASX:BHP) and AMP Limited (ASX:AMP) are headlining.
AMP Limited (ASX:AMP) this morning announced David Murray will become its new Chairperson effectively immediately.
Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) on Thursday morning. APN Outdoor Group Ltd (ASX:APO) has received a takeover offer from JCDecaux and AMP Limited (ASX:AMP) has a new chairman.
With the Westpac Banking Corp (ASX:WBC) share price trading up 2% on Friday, shareholders seemingly shrugged off an ASIC announcement that it has commenced legal proceedings against the bank for poor advice.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.34% at lunch.
