Tag: AMP

ANZ Suncorp Bank SUN Worley WOR Aramco Woolworths WOW Shopper Media Group Pendal PDL Perpetual PPT Mirvac MGR AMP ASX

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 A...
AMP Dexus Fortescue Pushpay Vulcan Steel EML Payments Ramsay Healthcare FMG PPH VSL EML RSY ASX

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 infrastruc...
AMP ASX ASIC advisers financial

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 ...
EOFY tax losses shares ASX 30 June end of financial year

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 ...
AMP Capital ASX Ares shareholders

AMP shareholders in for more pain with Ares deal still up in the air

Long suffering AMP (ASX: AMP) shareholders face more uncertainty after the fund manager revealed there is “no certainty” that a deal with US investment firm Ares would proceed. AMP also revealed th...
Investment platform Australia Praemium Powerwrap ASX

What to look out for as the $800bn investment platform sector feeds on itself

The head of investment platform Praemium (ASX: PPS) Michael Ohanessian sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” ...
AMP sexual harassment scandal ASX David Murray Boe Pahari

AMP heads roll after sexual harassment scandal

AMP (ASX: AMP) has reached the inevitable end point of its sexual harassment scandal with the departure of chairman David Murray and the removal of AMP Capital chief executive Boe Pahari. Mr Pahari...
AMP shares lessons ASX financial planners debt asset values

Lessons we can all learn from the AMP debacle

It may sound a little insensitive but there are some really important investment lessons we can all learn from what is happening at AMP (ASX: AMP). As is well known now, AMP recently performed a br...
AMP ASX problems share price customers advisers head office transformation

AMP could hold the keys to the future

If you want to see what the future of financial planning might be in Australia, you don’t have to go any further than AMP (ASX: AMP). Since 1849, AMP has been almost a byword for life insurance and...
AMP ASX wealth management shareholders customers cash

AMP is struggling to remain relevant as customers flee

AMP (ASX: AMP) used to be the most recognised and trusted name in managing wealth in Australia. It is still well known, but for all of the wrong reasons as customers vote with their feet and withdr...
AMP ASX impacted Royal Commission investors flee wealth management business

AMP continues to be impacted by Royal Commission as investors flee

An avalanche of bad news from the Royal Commission has continued to smash AMP's (ASX: AMP) business model, with massive outflows from its superannuation business. Investors sucked almost $4 billion...
AMP ASX investments royal commission fees fund

AMP faces an uncertain future

One of the worst financial results for the week was reported by giant insurance and fund manager AMP (ASX: AMP), after the company lost much of its board and management due to evidence at the financia...