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.
Wealth incumbent AMP Ltd (ASX: AMP) has provided an update on its demerger plans as it prepares to spinoff its Capital Markets division.
The S&P/ASX 200 (ASX: XJO) fell 1.6% across the week, the third straight weekly loss in a row, while all three US benchmarks tumbled more than 2%.
The S&P/ASX 200 (ASX:XJO) fell 0.6% on Monday as ASX travel shares like Flight Centre (ASX:FLT) and Corporate Travel (ASX:CTD) made headlines.
The AMP Ltd (ASX: AMP) share price has shown small signs of recovery since releasing its Q3 update. Is the AMP share price taking a turn for the better?
The S&P/ASX 200 (ASX: XJO) continued its strong recent run on Wednesday as AMP (ASX:AMP) and Tyro Payments (ASX:TYR) shares made headlines.
The AMP Limited (ASX:AMP) share price is in focus today after the business announced a $524 million asset sale.
The S&P/ASX 200 (ASX: XJO) traded flat throughout the day on Thursday as Magellan (ASX:MFG), AMP (ASX:AMP) and energy shares made headlines.
Wealth Manager AMP Ltd (ASX: AMP) share price is rising 4% today after the business provided a Q3 update to the market.
ASX shares with low price to earnings ratios don’t necessarily make good investments. Here’s 3 I’d be avoiding for the time being.
