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AMP Ltd (AMP.AX)

AMP.AX on Australia Stock Exchange

2.11AUD
14 Jun 2019
Change (% chg)

$-0.13 (-5.80%)
Prev Close
$2.24
Open
$2.17
Day's High
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$2.10
Volume
32,689,996
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12,433,603
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$3.70
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$2.07

Latest Key Developments (Source: Significant Developments)

AMP Ltd Says Gordon Lefevre To Remain As Group CFO Through 1H 19 Result
Sunday, 2 Jun 2019 08:47pm EDT 

June 3 (Reuters) - AMP Ltd ::GORDON LEFEVRE TO REMAIN AS GROUP CFO THROUGH 1H 19 RESULT AND TO CONTINUE TO DRIVE TRANSACTION WITH RESOLUTION.JOHN PATRICK MOORHEAD WILL NOW COMMENCE AS GROUP CFO ON 1 OCTOBER 2019.  Full Article

Infratil Announces Agreement Sell ANU Student Accommodation Concession To AMP
Sunday, 31 Mar 2019 03:31pm EDT 

April 1 (Reuters) - Infratil Ltd ::AGREEMENT SELL ANU STUDENT ACCOMMODATION CONCESSION TO AMP.ON COMPLETION OF TRANSACTION, INFRATIL EXPECTS TO RECEIVE CASH PROCEEDS OF APPROXIMATELY A$162 MILLION.TO SELL 50% STAKE IN AUSTRALIAN NATIONAL UNIVERSITY'S PURPOSE BUILT STUDENT ACCOMMODATION CONCESSION TO FUNDS CONTROLLED BY AMP CAPITAL.  Full Article

AMP Ltd Updates On Impact Of Federal Government's Treasury Laws Amendment Bill 2018
Sunday, 17 Feb 2019 03:41pm EST 

Feb 18 (Reuters) - AMP Ltd ::COMPLETED AN ASSESSMENT OF IMPACT OF FEDERAL GOVERNMENT'S TREASURY LAWS AMENDMENT BILL 2018.INDICATIVE OPERATING EARNINGS IMPACT ON AMP'S RETAINED BUSINESSES IN FY 19 IS EXPECTED TO BE APPROXIMATELY A$10 MILLION.EARNINGS IMPACT WILL PREDOMINANTLY BE IN AUSTRALIAN WEALTH MANAGEMENT BUSINESS.IMPACT ON AMP CAPITAL IS NOT MATERIAL.BASED ON AMENDMENTS PASSED IN SENATE ON 14 FEB, ANNUALISED IMPACT OF UP TO A$30 MILLION (AFTER TAX) FROM 2020.UNDER AMENDMENT, CO WILL BE REQUIRED TO TRANSFER ABOUT 370,000 LOW BALANCE SUPERANNUATION ACCOUNTS TO AUSTRALIAN TAX OFFICE.  Full Article

AMP Notes Passage Of Treasury Laws Amendment Bill By Senate
Thursday, 14 Feb 2019 04:01pm EST 

Feb 15 (Reuters) - AMP Ltd ::GIVEN AMENDMENTS TO BILL IN SENATE, AMP NOTES IT WILL AGAIN REQUIRE PASSAGE IN HOUSE OF REPRESENTATIVES.WORKING TO ASSESS FINANCIAL IMPLICATIONS OF REVISED BILL.AMP NOTES PASSAGE OF TREASURY LAWS AMENDMENT (PROTECTING YOUR SUPERANNUATION PACKAGE) BILL 2018 BY SENATE.  Full Article

AMP Ltd Posts FY Net Profit Attributable $28 Million Versus $848 Million
Wednesday, 13 Feb 2019 04:10pm EST 

Feb 14 (Reuters) - AMP Ltd ::FY NET PROFIT ATTRIBUTABLE $28 MILLION VERSUS $848 MILLION.FINAL DIVIDEND 4.00 CENTS PER SHARE.2018 UNDERLYING PROFIT OF $680 MILLION IS DOWN $360 MILLION FROM $1,040 MILLION IN 2017.AUSTRALIAN WEALTH MANAGEMENT OPERATING EARNINGS FELL BY $28 MILLION FROM 2017 TO $363 MILLION IN 2018.FY REVENUE FROM ORDINARY ACTIVITIES $8,286 MILLION VERSUS $18,439 MILLION.2018 RESULTS INCLUDE PROVISION OF $430 MILLION (POST-TAX) FOR POTENTIAL ADVICE REMEDIATION, INCLUSIVE OF PROGRAM COSTS.  Full Article

AMP Replaces Wealth Management Head Paul Sainsbury With Alex Wade
Wednesday, 6 Feb 2019 05:18pm EST 

Feb 7 (Reuters) - AMP Ltd ::ANNOUNCES A SERIES OF CHANGES TO ITS LEADERSHIP TEAM.ALEX WADE WILL LEAD AN EXPANDED PORTFOLIO BRINGING TOGETHER AMP'S ADVICE, WEALTH MANAGEMENT, PRODUCT AND CUSTOMER SOLUTIONS TEAMS.PAUL SAINSBURY, CURRENTLY GROUP EXECUTIVE, WEALTH SOLUTIONS & CUSTOMER, WILL REMAIN WITH GROUP FOR AN INTERIM PERIOD TO SUPPORT WADE.MEGAN BEER WILL LEAD AMP LIFE THROUGH SEPARATION AND TRANSFER TO RESOLUTION LIFE, WHICH IS EXPECTED 2H 2019.CRAIG RYMAN HAS BEEN APPOINTED TO EXPANDED ROLE OF CHIEF OPERATING OFFICER.ON COMPLETION OF TRANSFER, BEER WILL JOIN RESOLUTION AS CEO AMP LIFE AND HEAD OF RESOLUTION'S AUSTRALASIAN REGION.BLAIR VERNON WILL LEAD AMP'S NEW ZEALAND ADVICE AND WEALTH OPERATIONS.  Full Article

AMP Responds To Royal Commission Final Report
Monday, 4 Feb 2019 04:48pm EST 

Feb 5 (Reuters) - AMP Ltd ::AMP RESPONDS TO ROYAL COMMISSION FINAL REPORT.WILL REVIEW RECOMMENDATIONS OF FINAL REPORT IN DETAIL OVER COMING WEEKS AND PROVIDE UPDATES AS APPROPRIATE..AMP WILL WORK CONSTRUCTIVELY WITH GOVERNMENT, REGULATORS, ADVISERS, TRUSTEES TO ENSURE RECOMMENDATIONS MOVE INTO DEFINITIVE LEGISLATIVE REFORM.  Full Article

APRA Says Bank Report A Considered And Fair Assessment Of Failings In Financial System
Monday, 4 Feb 2019 01:43am EST 

Feb 4 (Reuters) - :APRA SAYS BANK REPORT A CONSIDERED AND FAIR ASSESSMENT OF FAILINGS IN FINANCIAL SYSTEM, ROADMAP FOR REFORM.APRA SAYS ALREADY REVIEWING ITS ENFORCEMENT STRATEGY, REPORT WILL BE COMPLETED AT THE END OF MARCH.AUSTRALIAN BANKING ASSOCIATION SAYS BANKS ACCEPT FULL RESPONSIBILITY FOR FAILINGS REVEALED IN INQUIRY.  Full Article

AMP Expects Profit Attributable To Shareholders Of About A$30 Mln For FY
Thursday, 24 Jan 2019 03:56pm EST 

Jan 25 (Reuters) - AMP Ltd ::TOTAL BUSINESS UNIT OPERATING EARNINGS IN 2H 18 ARE EXPECTED TO BE APPROXIMATELY A$220 MILLION.EXPECTS TO REPORT AN UNDERLYING PROFIT OF AROUND A$680 MILLION FOR FY.EXPECTS PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF APPROXIMATELY A$30 MILLION FOR FY.ANTICIPATES DECLARING A FINAL DIVIDEND OF 4 CENTS PER SHARE.ADDITIONAL PROVISION FOR ADVICE REMEDIATION OF A$200 MILLION (PRE-TAX) IS NOW EXPECTED TO BE RECOGNISED AT 31 DECEMBER 2018.IN 2019 SEES STRANDED GROUP OFFICE COSTS OF APPROXIMATELY A$40 MILLION (POST-TAX).EXPECTS FY IMPACTS OF MYSUPER PRICING CHANGES TO AUSTRALIAN WEALTH MANAGEMENT OF A$35 MILLION (POST-TAX) IN 2019.IN 2019 UNWINDING DISTRIBUTION ARRANGEMENTS, ADJUSTMENTS FOR TAX, PRODUCTS TRANSFERRING ON SALE TO RESOLUTION LIFE WITH FY IMPACT OF A$85 MILLION.REAFFIRMS COMMITMENT TO RETURNING MAJORITY OF NET CASH PROCEEDS RECEIVED ON SETTLEMENT OF TRANSACTION WITH RESOLUTION LIFE TO SHAREHOLDERS.  Full Article

Amp Ltd Says Redeemed All Of Its $325 Million Amp Subordinated Notes 2
Monday, 17 Dec 2018 07:33pm EST 

Dec 18 (Reuters) - AMP Ltd ::AMP LTD - CO REDEEMED ALL OF ITS $325 MILLION AMP SUBORDINATED NOTES 2.  Full Article

Australian shares edge up on boost from miners, energy firms; NZ steady

June 14 Australian shares ticked up on Friday as rising commodity prices boosted miners, while attacks on oil tankers in the Gulf of Oman saw energy stocks gain on supply concerns.