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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 down by 0.22% at lunch.
AMP Limited (ASX: AMP) has fired its CEO, Craig Meller, and commenced an immediate review of its governance and reporting following recent questioning by the Royal Commission.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open higher Friday morning, according to data from the Sydney Futures Exchange.
The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended higher on Wednesday, according to Yahoo! Finance.
Boring! The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended mostly flat on Tuesday as ASX bank shares end mixed.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.20% at lunch.
The Royal Commission has started to look at the Financial Services Industry and Commonwealth Bank of Australia (ASX:CBA), National Australia Bank Ltd. (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ) are in the firing line.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.5% at lunch.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open lower Monday morning, according to the Sydney Futures Exchange.
