SYDNEY (Reuters) – Embattled Australian wealth manager AMP Ltd AMP.AX on Monday said a conditional buyout offer from U.S.-based Ares Management Corp ARES.N had an…
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Australia's AMP says to simplify some services after job cuts report
FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture…
Australia's AMP sparks buyout talk with companywide review
SYDNEY (Reuters) – Australian financial planning giant AMP Ltd (AMP.AX) said on Wednesday it was putting all its assets under review, setting in motion a…
Australia's AMP says chairman resigns, funds unit CEO demoted
SYDNEY (Reuters) – Australian financial services group AMP Ltd (AMP.AX) on Monday said its chairman had resigned and the chief executive of its funds management…
Australia's AMP outlines $400 million plan for special dividend and buyback, shares soar
SYDNEY (Reuters) – Australia’s scandal-hit AMP Ltd (AMP.AX) said on Thursday it would return up to almost $400 million to investors in the form of…
Australia's AMP first-half profit slumps as coronavirus slams fee income
Aug 13 (Reuters) – Australia’s largest wealth manager AMP Ltd said on Thursday its first-half profit nearly halved as coronavirus-induced market turmoil led to a…
Australia's AMP hit by class action over insurance advice
(Reuters) – Wealth manager AMP Ltd (AMP.AX) said on Thursday it had been served with a class action over advice provided in relation to certain…