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AMP Limited

AMP.AX

Latest Trade

1.36AUD

Change

0.01(+0.74%)

Volume

8,401,582

Today's Range

1.34

 - 

1.36

52 Week Range

1.08

 - 

2.09

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

AMP Capital To Buy Majority Stake In VX Fiber

Sept 23 (Reuters) - AMP Capital::TO BUY MAJORITY STAKE IN INFRA TECH FIBRE BUSINESS VX FIBER.WILL OWN MAJORITY STAKE IN VX FIBER ALONGSIDE ITS FOUNDER MANAGEMENT.

AMP Says Appointed Symmetra To Undertake A Comprehensive Workplace Conduct Review

Sept 10 (Reuters) - AMP Ltd <AMP.AX>::APPOINTED SYMMETRA TO UNDERTAKE A COMPREHENSIVE WORKPLACE CONDUCT REVIEW.ESTABLISHED CULTURE WORKING GROUP OF THE BOARD, LED BY AMP CHAIR DEBRA HAZELTON.ALSO APPOINTED SYMMETRA TO DELIVER INCLUSIVE LEADERSHIP PROGRAM TO HELP DRIVE BETTER PERFORMANCE ACROSS ALL LEVELS OF ORGANISATION.SYMMETRA'S REVIEW TO ASSESS CONDUCT AT AMP, MAKE RECOMMENDATIONS & WORK WITH CO TO IMPLEMENT RECOMMENDED CHANGES.

AMP Ltd Says Will Undertake A Portfolio Review Of Group's Assets And Businesses

Sept 2 (Reuters) - AMP Ltd <AMP.AX>::AMP LIMITED BOARD TODAY ANNOUNCES IT WILL UNDERTAKE A PORTFOLIO REVIEW OF GROUP'S ASSETS AND BUSINESSES..AMP RECENTLY HAS EXPERIENCED AN INCREASE IN INTEREST AND ENQUIRIES IN ITS ASSETS AND BUSINESSES.CREDIT SUISSE, GOLDMAN SACHS AND KING & WOOD MALLESONS HAVE BEEN APPOINTED AS AMP'S ADVISERS TO MANAGE REVIEW.FIRMLY BELIEVE IN EXISTING STRATEGY, INCLUDING A REPIVOT TO PRIVATE MARKETS IN AMP CAPITAL.REVIEW MAY NOT RESULT IN A RECOMMENDATION TO PURSUE ANY SPECIFIC TRANSACTION.

AMP Ltd Appoints Debra Hazelton As Chairman

Aug 24 (Reuters) - AMP Ltd <AMP.AX>::DAVID MURRAY HAS RESIGNED AS AMP LIMITED CHAIRMAN AND HAS STEPPED DOWN FROM BOARD.DEBRA HAZELTON HAS BEEN APPOINTED AS CHAIRMAN.BOE PAHARI WILL STEP DOWN AS AMP CAPITAL CEO.AMP LIMITED CHIEF EXECUTIVE FRANCESCO DE FERRARI WILL ASSUME DIRECT LEADERSHIP OF AMP CAPITAL BUSINESS ON AN INTERIM BASIS.JOHN FRASER DECIDED TO RESIGN AS NON-EXECUTIVE DIRECTOR ON AMP LTD & AS CHAIRMAN & NON-EXECUTIVE DIRECTOR ON AMP CAPITAL HOLDINGS LTD.BOE PAHARI WILL RESUME WORK AT HIS PREVIOUS LEVEL WITH A FOCUS ON AMP CAPITAL'S INFRASTRUCTURE EQUITY BUSINESS.

AMP Expects To Report FY20 Controllable Costs Of A$850 Mln

Aug 13 (Reuters) - AMP Ltd <AMP.AX>::EXPECTS TO REPORT FY 20 CONTROLLABLE COSTS OF A$850M.PROJECT DEPLOYMENT SLOWER IN H1 DUE TO COVID 19 IMPACTS; PACE OF INVESTMENT SPEND EXPECTED TO INCREASE IN H2 20.COST OUT PROGRAM IS EXPECTED TO GENERATE A$120M OF CUMULATIVE COST SAVINGS IN FY 20.SEES UNDERLYING MARGIN COMPRESSION UP TO 9 BPS IN FY20 IN AUSTRALIAN WEALTH MANAGEMENT.

AMP Ltd Says On Track Of A$300 Mln Annual Run-Rate Savings By FY22

Aug 13 (Reuters) - AMP Ltd <AMP.AX>::"WITH SECOND WAVE OF COVID-19 IMPACTING ECONOMY HERE AND OVERSEAS, WE EXPECT CONDITIONS TO REMAIN CHALLENGING".ON TRACK FOR TARGET OF A$300 MILLION ANNUAL RUN-RATE SAVINGS BY FY 22.

AMP Says Alex Wade To Step Down As CEO Of AMP Australia

Aug 6 (Reuters) - AMP Ltd <AMP.AX>::ALEX WADE, CEO OF AMP AUSTRALIA, WILL STEP DOWN FROM HIS ROLE.BLAIR VERNON, CEO OF NEW ZEALAND WEALTH MANAGEMENT (NZWM), HAS BEEN APPOINTED ACTING CEO OF AMP AUSTRALIA.JEFF RUSCOE WILL REPLACE VERNON AS ACTING CEO, NZWM.

AMP Sees H1 Underlying Profit For Retained Businesses Of A$140-150 Mln

July 31 (Reuters) - AMP Ltd <AMP.AX>::EXPECTS TO REPORT UNDERLYING PROFIT FOR RETAINED BUSINESSES IN ORDER OF A$140-150 MILLION IN H1.H1 RESULTS IMPACTED BY RANGE OF FACTORS INCLUDING MARKET VOLATILITY AND A CREDIT LOSS PROVISION IN AMP BANK.REMAINS COMMITTED TO DELIVERING A$300 MILLION OF ANNUAL RUN-RATE COST SAVINGS.REMEDIATION PROGRAM REMAINS ON TRACK AND IS EXPECTED TO BE 80 PER CENT COMPLETE BY END OF FY 20.EXPECTED OPERATING EARNINGS OF ABOUT A$60 MILLION FOR AUSTRALIAN WEALTH MANAGEMENT IN H1.CREDIT LOSS PROVISION EXPECTED TO IMPACT AMP BANK H1 EARNINGS BY ABOUT A$25 MILLION, DUE TO COVID-19 MACRO-ECONOMIC CONDITIONS.EXPECTS TO REPORT RETAINED BUSINESS UNIT OPERATING EARNINGS OF ABOUT A$195 MILLION IN H1.EXPECTED AVERAGE AUM OF A$198 BILLION FOR AMP CAPITAL IN 1H 20.

AMP Says Class Action Filed Against Unit In Federal Court In Victoria

July 30 (Reuters) - AMP Ltd <AMP.AX>::DEFENCE OF INSURANCE ADVICE CLASS ACTION.PROCEEDING RELATES TO ADVICE PROVIDED BY SOME ALIGNED FINANCIAL ADVISERS IN RESPECT OF CERTAIN LIFE AND OTHER INSURANCE PRODUCTS.CLASS ACTION PROCEEDING HAS BEEN FILED AGAINST AMP FINANCIAL PLANNING PTY LIMITED (AMPFP) IN FEDERAL COURT IN VICTORIA..AMPFP AND HILLROSS WILL DEFEND PROCEEDINGS.PROCEEDINGS ARE ALSO COMMENCED AGAINST AMP LIFE LIMITED.CLASS ACTION PROCEEDING ALSO FILED AGAINST AND HILLROSS FINANCIAL SERVICES LIMITED (HILLROSS) IN FEDERAL COURT IN VICTORIA.

AMP Says Class Action Filed Against AMP Financial Planning In Federal Court In Melbourne

July 29 (Reuters) - AMP Ltd <AMP.AX>::CLASS ACTION PROCEEDING HAS BEEN FILED AGAINST AMP FINANCIAL PLANNING PTY LIMITED (AMPFP) IN FEDERAL COURT IN MELBOURNE..PROCEEDING IS BROUGHT ON BEHALF OF CERTAIN FINANCIAL ADVISERS WHO ARE OR HAVE BEEN AUTHORISED BY AMPFP.CLAIM RELATES TO CHANGES MADE BY AMPFP TO ITS BUYER OF LAST RESORT POLICY IN 2019.WILL DEFEND PROCEEDING.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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