AMP
Director Trades
| Date | Director | Value |
|---|---|---|
| A. Leibel | $51,895 | |
| K. Lord | $30,005 | |
| A. Hamilton | $49,032 | |
| K. Lord | $40,129 | |
| A. Leibel | $50,721 | |
| K. Lord | $29,705 |
Company News
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]
AMP sparks controversy in the superannuation sector by buying Bitcoin
The pioneering decision by AMP Super to make an investment in Bitcoin has really set the cat among the pigeons in the superannuation sector. While AMP (ASX: AMP) will conceivably get a marketing and first mover advantage by fulfilling strong investor appetite for the crypto asset, the move has already ignited a strong reaction from […]
AMP to divest advice businesses in JV deal with Entireti and AZ Next Generation Advisory
AMP Ltd (ASX: AMP) has announced it will divest its advice businesses including Charter Financial Services, Hillross Financial Services and AMP Financial Planning, as well as Jigsaw Advice Solutions, to Entireti Services and AZ Next Generation Advisory (NGA) for $10.2 million. Consideration for the deal will be paid 70% in cash and 30% as AMP’s […]
IGO JV acquires Essential Metals, AMP-Dexus deal delayed and Fortescue CFO resigns
IGO (ASX: IGO) and joint venture partner Tianqi Lithium Corporation (TLC) have agreed to acquire Essential Metals (ASX:ESS), in a deal valued at $0.50 per share. Tianqi Lithium Energy Australia is a joint venture between TLC, which holds a 51% stake, while IGO owns the remaining 49% interest. IGO’s acting chief executive officer Matt Dusci […]
Federal Court serves AMP with $14.6m fine, nib gives back to eligible members and IDP acquires Intake Education
AMP Limited (ASX: AMP) has been fined $14.6 million by the Federal Court after it was alleged the wealth giant charged more than 1,500 customers for financial advice they were unable to receive between 2015 and 2019. It comes as a major coup for the Australian Securities and Investments Commission (ASIC), but still falls below […]
Rio Tinto’s US$3.3b bid wins over Turquoise Hill board, AMP loses control of key trust and James Hardie gains new CEO
Mining giant Rio Tinto (ASX: RIO) has successfully won over the board of Canada’s Turquoise Hill Resources with its takeover offer of US$3.3 billion (A$4.84 billion) to acquiring the company’s remaining 49% stake. The revised US$3.3 billion offer trumps the US$2.7 billion previously on the table, which the Canadian miner turned away. Acquiring full ownership […]
ANZ’s $4.9b bid for Suncorp Bank, Woolworths buys Shopper Media, and Worley wins services contracts with Saudi giant Aramco
Australia and New Zealand Banking Group (ASX: ANZ) has announced a $4.9 billion bid to acquire Suncorp Group’s (ASX: SUN) Suncorp Bank division, with the acquisition expected to accelerate growth of ANZ’s retail and commercial businesses, while expanding its presence across the east coast. The major bank entered a trading halt to raise $3.5 billion […]
AMP strikes historic deal, Fortescue reveals record shipments and Pushpay indicates several interested buyers
AMP Limited (ASX: AMP) has entered into a landmark deal with property trust Dexus this week that could be worth up to $550 million. After quashing efforts to spin off its real estate and infrastructure equities manager Collimate Capital, AMP has opted into selling local management rights over $28 billion to Dexus. AMP chair Debra […]
Getting owned is never a nice feeling
There is a reason why “being owned” is never a good feeling, which is why it was so interesting to see a change over who “owns’’ customers within AMP. In the bad old days of AMP (ASX: AMP) – which actually are not that far back – it was AMP that “owned” its customers rather […]
Shares that could make for handy EOFY tax losses
In keeping with the pre-30 June end of financial year (EOFY) vibe, this week your columnist opines on a few well-known underperformers that arguably are worthy of being sacrificed on the altar of the fiscal fiend. In other words: they’re unlikely to recover in a hurry and their best use is as a tax loss. […]
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