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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 up by 0.34% at lunch.
AMP Limited (ASX:AMP) has announced it will defend shareholder class actions in the wake of the Royal Commission’s probing of its culture and the quality of its advice.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is set for a positive open Thursday morning, according to data from Sydney Futures Exchange, with AMP Limited (ASX: AMP) in the news.
Westpac Banking Corp (ASX: WBC), Australia’s second-largest bank, released its half-year financial report to ASX investors this morning revealing a bump in profit and a dividend of 94 cents per share.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.09% at lunch.
The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended higher on Monday despite BHP Billiton Ltd (ASX: BHP) shares ending lower, according to Yahoo! Finance.
This morning, AMP Limited (ASX: AMP) shareholders were dealt another blow with the announcement of the departure of Chairperson Catherine Brenner.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is set to open flat Monday morning, according to data from the Sydney Futures Exchange.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly higher Tuesday morning, according to data from the Sydney Futures Exchange.
