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AMP.AX on Australia Stock Exchange

24 Mar 2017
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$0.04 (+0.81%)
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Latest Key Developments (Source: Significant Developments)

AMP Ltd announces buy-back, updates on outlook
Wednesday, 8 Feb 2017 03:43pm EST 

AMP Ltd : Announced an on-market share buy-back of up to A$500 million and maintained our dividend . "AMP's dividend policy target range is 70 to 90 per cent of underlying profit" . Omni-channel advice network,campaigns to capitalise on more favourable market environment, corporate super pipeline,are expected to support cashflows in 2017 . For FY external net cashflows were $967 million .FY 17 controllable costs, Ex AMP Capital, expected to be 3% lower than normalised FY16.  Full Article

Amp Ltd says FY net loss $344 mln vs net profit of $972 mln
Wednesday, 8 Feb 2017 03:39pm EST 

Amp Ltd : Fy revenue from ordinary activities $14.799 billion versus $14.05 billion . Fy net loss for the period $344 million versus net profit of $972 million .Final dividend 12.60 cents per share.  Full Article

AMP announces wealth protection business outlook
Thursday, 27 Oct 2016 06:34pm EDT 

AMP Ltd : Deterioration in insurance sector over course of 2016 has "significantly" impacted performance of wealth protection business . Amp ltd - estimated net impact from agreement on australian wealth protection business profit margins is a $25 million reduction annually from fy 17 . Expects capitalised losses and other one off experience items in order of $500 million in fy 16 . Amp - anticipated assumption changes will reduce australian wealth protection embedded value at fy 16 by approximately $1.0 billion at a 5 percent discount margin . Amp ltd - goodwill attributable to australian wealth protection business expected to be fully impaired by $668 million when preparing 2016 year-end financial statements . Impairment charges will not impact amp's fy 16 underlying profit . "anticipated assumption changes will reduce australian wealth protection embedded value at fy 16 by $1.0 billion at a 5 per cent discount margin" . Amp's policy remains to pay dividends on a payout ratio of 70-90 per cent of underlying profits .Impact of anticipated best estimate assumption changes will absorb approximately $270 million of regulatory capital.  Full Article

AMP Ltd HY net profit $523 million
Wednesday, 17 Aug 2016 05:44pm EDT 

AMP Ltd : HY revenue from ordinary activities $6.10 billion versus $8.62 billion . HY net profit for the period attributable to members $523 million, up 3 percent . Interim dividend 14.00 cps .  Full Article

AMP Ltd appoints Catherine Brenner as chairman
Thursday, 23 Jun 2016 07:43pm EDT 

AMP Ltd :AMP board elects Catherine Brenner as chairman.  Full Article

AMP Ltd says qtrly total AUM was $112.6 billion
Wednesday, 11 May 2016 05:32pm EDT 

AMP Ltd : AMP 11 2016 - Q1 cashflows, aum and wealth protection update . Qtrly total AUM was $112.6 billion, down 2 per cent from $115.1 billion at the end of Q4 15 . "Remain confident in the overall long-term outlook for AMP" .  Full Article

AMP Ltd announces launch of capital notes offer
Sunday, 25 Oct 2015 05:40pm EDT 

AMP Ltd:AMP announces launch of AMP Capital notes offer Announced the launch of the offer of new additional tier 1 capital securities, AMP Capital notes (capital notes).Says capital notes are expected to be listed on the asx under the code 'AMPPA.Says offer is expected to open on 26 October 2015 and will be made to eligible securityholders, institutional investors.Says AMP is seeking to raise A$200 million through the issue of capital notes, with the ability to raise a higher or lower amount.Capital notes will mandatorily convert into AMP shares on 22 December 2023.Capital notes are unsecured and subordinated.Says the margin expected to be in the range of 5.10 per cent to 5.30 per cent per annum.Capital notes are expected to begin trading, initially on a deferred settlement basis, on the asx on 1 December 2015.Issuance are in anticipation of loss of transitional arrangements on existing A$600 million axa subordinated notes as regulatory capital in March 2016.  Full Article

AMP Limited announces Adam Tindall as new MD
Monday, 27 Jul 2015 06:09pm EDT 

AMP Limited:Announced that Adam Tindall will assume the role of Managing Director AMP Capital, the diversified investment manager, following Stephen Dunne's upcoming retirement.  Full Article

AMP Limited and related bodies corporate ceases to be substantial holder of Select Harvests Ltd
Wednesday, 22 Apr 2015 01:26am EDT 

Select Harvests Ltd:Says AMP Limited and related bodies corporate ceases to be substantial holder of the comapany effective April 21.  Full Article

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REFILE-UPDATE 2-Australia's AMP flags further cut in life insurance exposure

SYDNEY, Feb 9 Australia's biggest wealth manager, AMP Ltd, on Thursday said it wanted to strike a second reinsurance deal for its life insurance unit to reduce its financial exposure to the troubled business.