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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.
The S&P/ASX 200 (ASX: XJO) delivered a 1% gain across the week. Here are my three key investor takeaways.
It was another mixed day for the S&P/ASX 200 (ASX: XJO) on Thursday, finishing slightly higher, up 0.2%, despite a strong opening. The S&P/ASX 200 is expected to open slightly lower on Friday, according to the Sydney Futures Exchange.
Shares in wealth platform Netwealth Group (ASX: NWL) are up 2.12% to $16.35 after the company released its June quarter business update.
The Macquarie Group Ltd (ASX:MQG) share price is on watch this morning after revealing a deal to buy an AMP Limited (ASX: AMP) business.
AMP Ltd (ASX: AMP) shares have been swimming against high tides for a while. The water got a bit rougher today as AMP shares fell by 6%.
AMP Ltd (ASX: AMP) shares dropped to a record low in May, can new management steer it back on track?
Three companies I believe have subdued outlooks for the foreseeable future and therefore prime candidates to offset any capital gains.
The S&P/ASX 200 (INDEXASX:XJO) added just 2.4 points on Thursday. AMP (ASX:AMP) and Costa (ASX:CGC) shares are making headlines.
The AMP Limited (ASX:AMP) share price is up more than 6% despite revealing ASIC proceedings against the financial company.
