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AMP Limited

Provides financial advice and superannuation, retirement income, banking and investment products across a portfolio of businesses along with corporate superannuation products and services for workplace super and self-managed superannuation funds (SMSFs).

AMP$1.615
 -0.005 -0.31%

Data last updated:Dec 10, 2024 – 11.34am. Data is 20 mins delayed.

Previous Close

1.620

Open

1.615

Day Range

1.610 - 1.635

52 Week Range

0.905 - 1.670

Volume

880,280

Value

1,426,795

Bid

1.610

Ask

1.615

Dividend Yield

2.47%

P/E Ratio

62.31

Market Cap

4.089B

Total Issue

2,531,739,839

ASX Announcements

Completion of AMP Advice transaction

Notification of Results/Reporting Date, Asset Disposal, Progress Report

  • Dec 2, 2024
  • 1 page

Change of Director's Interest Notice - Bailey-Lord

Change of Director’s Interest Notice

  • Nov 25, 2024
  • 2 pages

Change of Director's Interest Notice - Leibel

Change of Director’s Interest Notice

  • Nov 25, 2024
  • 2 pages

Fitch ratings update

Credit Rating

  • Nov 14, 2024
  • 1 page

Notice Pursuant to Corporations Act Sub-section 259C(2) Exem

Security holder details - Other

  • Oct 28, 2024
  • 8 pages

View all AMP announcements

November

RBA governor Michele Bullock told attendees that inflation was still too high while speaking on Thursday night.

Economists abandon hopes of RBA cutting rates in February

Economists at AMP, ANZ and Bank of Queensland have joined a chorus of forecasters expecting rate cuts no sooner than May.

  • Alex Gluyas and Joshua Peach
Reserve Bank governor Michele Bullock.

Rise in underlying inflation to keep rates pressure on RBA

Trimmed mean inflation increased to 3.5 per cent in October from 3.2 per cent in September, even as headline inflation remained unchanged at 2.1 per cent.

  • Updated
  • Michael Read
Sources said myHomecare had attracted a decent crowd of tyre kickers ranging from private equity investors and health insurers, to senior living operators and workplace solutions groups.

Private equity closes in on a 50pc stake in $2b-plus Opal HealthCare

Pacific Equity Partners has gained exclusivity over the holding, which was put up for sale in July by its owners including Singapore’s GK Goh Holdings.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

October

AMP is on track to launch its new business bank in February.

AMP eyes February for long-planned expansion into business banking

The company, which already has a major mortgage loan book, will target start-ups and sole traders as it attempts to find higher margins.

  • James Eyers
Ian Bremmer says Beijing’s best option to stimulate growth in the short term is to give direct fiscal stimulus to consumers.

China’s new stimulus underwhelms as ‘big fat’ numbers missing

Chances of China rolling out a massive stimulus package to boost its faltering economy are fading after Saturday’s announcement failed to reveal details.

  • Jessica Sier
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September

Pacific Equity Partners managing director Andrew Charlier.

PEP bankers up for aged care giant Opal HealthCare; lobs bid

Pacific Equity Partners’ secure assets team has put in a non-binding indicative offer for the $200 million-a-year business.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

August

Geoff Wilson is in the same boat as everyone else at the end of this exhausting profit season – trying to pinpoint exactly where we are in this cycle.

What I learnt from 30 CEOs in 30 days

The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment. 

  • Updated
  • James Thomson

The super funds failing to perform

For the first time, all default MySuper options passed the APRA performance test, but big retail funds continue to underperform.

  • Michelle Bowes and Hannah Wootton
Lauren Williams, director of Megaport, Anna Leibel, director of AMP, David Whittle, director of Myer, and Joanne Palmer, director of Paladin.

The directors under 50 making their mark on top ASX boards

BOSS talks to five directors under the age of 50 about their careers and the experience they bring to the boards on which they serve.

  • Sally Patten
AMP chief executive Alexis George.

AMP cuts financial advice deal, stemming losses

The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.

  • Hannah Wootton

July

Damian Graham, who oversees $160 billion of superannuation assets, has seven direct reports.

No rate cuts and maybe a rise as inflation sticks, super funds warn

The investment chiefs of the country’s biggest funds also have a bleak outlook for Aussie shares over the next year, after global equities drove double-digit returns in FY23.

  • Hannah Wootton
Look past election noise, Anna Shelley says to superannuation investors.

Super fund savings will ride out ‘year of elections’: CIOs

But investment chiefs warn that the rise of populism or an increase in US-China tensions could flow through to short-term returns.

  • Hannah Wootton
Unlisted commercial property has been especially troublesome, but infrastructure may also prove challenging.

Don’t switch super funds until reckoning in unlisted assets is over

Industry fund executives regularly boasted about capitalising on the so-called “illiquidity premium”, but the world has changed.

  • Joanna Mather
Anna Shelley’s punt that global equities would perform better than expected last year paid off.

Retail super funds ride tech boom to outperform industry rivals

Two of Australia’s largest retail superannuation funds delivered 11-plus per cent returns as they benefited from soaring sharemarkets.

  • Hannah Wootton
Wealthier Australians will pay more for aged care under a long-awaited government review, suggesting it may be a good time for Opal Aged Care shareholders to sell out.

$200m-a-year Opal HealthCare courts buyers; Morgan Stanley hired

While it remains to be seen how much of the business will be on offer, a big enough cheque will no doubt get everyone on board.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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June

Anthony Miller, the chief executive of business and wealth at Westpac.

Companies undeterred by failure of the Voice referendum

Big companies such as Westpac say the failure of the Voice referendum will not dissuade them from campaigning on social issues.

  • Sally Patten and Patrick Durkin

May

Boomer ‘wave’ of outflows starts to hit super

Australia’s biggest retail superannuation funds are paying out billions more dollars in cash than they are bringing in as baby boomers reach retirement age.

  • Updated
  • Hannah Wootton

April

AMP’s banking division is the nation’s 12th-largest lender to households with about $22.3 billion in loans on its books as of February.

AMP quietly begins restructure for $60m digital bank project

Up to 35 jobs will be lost as 83 employees see their teams or reporting lines change.

  • Lucas Baird

March

Scott Hartley took the reins at Insignia on Friday.

New Insignia CEO promises profit improvement

Scott Hartley admitted that investors will want to see proof of greater efficiencies and cost savings before they embrace the struggling wealth company again.

  • Hannah Wootton

February

Ryan Stokes has the Seven Group sailing ahead.

What we learnt from Seven, Dexus, Downer and AMP’s results

Seven thrills investors with yet another profit upgrade, Downer and AMP claw back lost ground and Dexus’ departing boss stands firm on a key project.

  • James Thomson and Anthony Macdonald

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