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AMP Ltd (AMP.AX)

AMP.AX on Australia Stock Exchange

4.93AUD
20 Sep 2017
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$-0.03 (-0.60%)
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Latest Key Developments (Source: Significant Developments)

AMP issues $250 million of AMP subordinated notes at a margin of 180BP
Thursday, 31 Aug 2017 07:16pm EDT 

Sept 1 (Reuters) - Amp Ltd :Issues $250 million of amp subordinated notes at a margin of 180bp.  Full Article

AMP announces launch of a new tier 2 subordinated notes
Tuesday, 22 Aug 2017 06:55pm EDT 

Aug 23 (Reuters) - Amp Ltd :Announced launch of a new tier 2 subordinated notes issue to wholesale investors..seeking to raise $200 million, with ability to raise a higher or lower amount..expects to use all or a substantial portion of net proceeds of issue to fund tier 2 capital of one or more regulated entities within amp group..  Full Article

AMP announces series of new reinsurance agreements
Wednesday, 9 Aug 2017 08:29pm EDT 

Aug 10 (Reuters) - Amp Ltd -:Announced a series of new reinsurance agreements, releasing approximately a$500 million in capital from amp life.‍underlying profit a$533 million in 1h 17, up 4 per cent​.Reinsurance agreements include new quota share agreement with general reinsurance life australia to cover 60 per cent of nmla retail portfolio.New reinsurance agreements will commence on 1 november 2017."‍Amp is targeting additional revenue growth from its advice and smsf businesses​".‍"Amp expects other revenue to increase by 10 per cent in fy 17​".  Full Article

AMP updates on outlook
Wednesday, 24 May 2017 05:49pm EDT 

May 25 (Reuters) - AMP Ltd :Targeting earnings of around $50 million per annum from China businesses within 5 years."Outlook very positive for AMP's two businesses CLPC and clamp".  Full Article

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

BRIEF-AMP issues $250 million of AMP subordinated notes at a margin of 180BP

* Issues $250 million of amp subordinated notes at a margin of 180bp Source text for Eikon: Further company coverage: