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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.
Here are today’s headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.
Australian house prices fell 0.5% in September 2018 and some commentators say Commonwealth Bank of Australia (ASX:CBA) and its Big Bank peers are to blame.
Commissioner Hayne has handed in his Interim Report regarding the inquiry into misconduct of the banking, superannuation and financial services industry.
AMP Limited (ASX:AMP) has joined the Big 4 banks in ending lending to SMSFs for residential and commercial property.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.23% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.21% at lunch.
AMP Limited (ASX:AMP) will be watched closely by investors today after the diversified financial business reported its financial results for the half year ended 30 June 2018.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Wednesday morning.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Monday morning.
