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.
The Netwealth Group Ltd (ASX: NWL) share price has rocketed over 170% in the past five years. Here’s your 2-minute guide to the business.
The AMP Ltd (ASX: AMP) share price continues to face pressure as it dropped below a dollar per share for the first time. Is there any way out for the embattled AMP share price?
The S&P/ASX 200 fell 0.8% on Friday, erasing the week’s gains and ultimately leaving the index down three points for the week.
The S&P/ASX 200 (ASX:XJO) suffered a 1.6% loss during the week, while all three US benchmarks also ended lower. Here are my 3 key takeaways.
As the S&P/ASX 200 (ASX:XJO) pushed higher, here are my three takeaways from the week: dividends, index rebalancing and the GDP result.
The S&P/ASX 200 (ASX:XJO) strengthened throughout the day to ultimately finish higher on Tuesday following a positive lead from Wall Street.
Despite record operating metrics and profit growth, the Netwealth Group Ltd (ASX: NWL) share price has fallen 5.75% to $14.10.
The S&P/ASX 200 (ASX: XJO) finished flat on Thursday as the likes of Telstra (ASX:TLS), AGL (ASX:AGL) and AMP (ASX:AMP) released reports.
Despite first-half FY21 underlying earnings rising 57%, AMP Ltd (ASX: AMP) has elected to cancel its interim dividend.
