AMP Share Price History
13 Aug, 2020
Australia's scandal-hit AMP Ltd said on Thursday it would return up to almost $400 million to investors in the form of a special dividend and a share buyback, sending its stock surging as much as 14%. It will also spend A$460 million ($330 million) to buy back a 15% stake in its investment management unit from Mitsubishi UFJ Financial Group Inc (MUFG) after its Japanese partner bought a rival company. The moves are part of an overhaul by Australia's oldest wealth advisory firm which has seen two years of heavy investor outflows in the wake of a public inquiry into the finance sector which accused it of improperly charging fees and attempting to deceive regulators.
06 Aug, 2020
The company did not explain the reason for Wade's resignation. Blair Vernon, the chief executive of its New Zealand wealth unit, has been appointed as the acting CEO of AMP Australia, the company said in a statement.
31 Jul, 2020
AMP Ltd, Australia's largest financial advisory firm, said on Friday it expects its first-half underlying profit to more than halve, blaming the coronavirus pandemic and unsettled markets for a slump in fee income and higher credit losses. The 171-year old company expects underlying profit from its retained businesses of A$140 million to A$150 million. It said performance and transaction fees at its investment arm AMP Capital were expected to fall by 40%, while its bank would set aside about A$25 million to cover potential credit losses.
22 Jul, 2020
At the same time, there is a perception that U.S. lawmakers are struggling to reach consensus on the next round of stimulus measures to boost American consumers and businesses. "Ironically, the dollar's weakness has been exacerbated by concerns that the United States is not doing as much as the Europeans have on stimulus."
19 Jul, 2020
By Gina Lee
03 Jul, 2020
Every investor in AMP Limited (ASX:AMP) should be aware of the most powerful shareholder groups. Institutions often...
17 Mar, 2020
SYDNEY/HONG KONG, March 16 (Reuters) - At least three Australian takeovers potentially worth a combined $1.2 billion are facing lower prices and contract conditions, three sources said, as financial market turmoil sparked by the coronavirus has made it difficult for advisers and bidders to put price tags on deals. The rethinking on price comes as dealmakers had hoped Australia's relatively low number of coronavirus cases would leave it as a dealmaking sweetspot, while so many other Asia-Pacific economies, including China, the region's biggest driver of takeovers, were hit hard by the virus. Some bidders for Australian and New Zealand Banking Group's car lender UDC Finance and AMP's New Zealand wealth management business are lowering their offers and adding conditions due to the COVID-19 market chaos, two sources with knowledge of the deals said.
13 Feb, 2020
Full Year 2019 AMP Ltd Earnings Presentation
08 Feb, 2020
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
05 Feb, 2020
AMP is battling to steady itself a year after a public inquiry into the finance sector accused it of improperly charging fees and attempting to deceive regulators. In June 2018, the Australian Securities and Investment Commissions accused reut.rs/372nwmu the firm's financial planners of advising clients to cancel existing insurance policies and apply for new similar replacement policies, so as to win higher commissions.
10 Dec, 2019
We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly...
21 Nov, 2019
Half Year 2019 AMP Ltd Earnings Call
26 Oct, 2019
If you own shares in AMP Limited (ASX:AMP) then it's worth thinking about how it contributes to the volatility of your...
18 Sep, 2019
Every investor in AMP Limited (ASX:AMP) should be aware of the most powerful shareholder groups. Insiders often own a...
16 Sep, 2019
11 Sep, 2019
Australia's corporate regulator said on Wednesday it has been conducting long-term on-site monitoring at the offices of major banks and wealth manager AMP Ltd since October, after a probe into the sector revealed wide-ranging misconduct. The country last year granted the Australian Securities and Investments Commission (ASIC) powers to place supervisors inside firms after a broad inquiry into the sector exposed systemic wrongdoing by some of the Australia's top financial institutions. ASIC said its staff have been conducting on-site reviews for 164 out of 222 working days since October 2018.