Green shoots in overhaul at AMP
AMP under new boss Alexis George is undertaking a ‘massive simplification’ of its wealth division while it navigates Covid-19 lockdowns.
AMP Limited
AMP resets ‘broken’ fee model
AMP scraps the longstanding buyer of last resort option for financial advice practices, as it introduces sweeping changes.
AMP adds ex-Bendigo boss Hirst to board
Naming former Bendigo and Adelaide Bank CEO as director comes as AMP seeks to boost board financial services experience.
Embattled AMP slumps as outflows weigh
AMP shares have tumbled more than 3 per cent after it posted net outflows of $1.5bn in the March quarter.
Ares still on hunt for $59bn AMP buy
Ares Management is pushing ahead with a cash offer for all of AMP’s $59bn private markets unit, but differences of opinion on price and deal structure remain.
$2.2m sting for exiting AMP chief
Embattled AMP has caved to pressure and axed a proposal to grant outgoing boss Francesco De Ferrari $2.2m in incentives.
New AMP chief ready for the risks
Incoming AMP chief executive Alexis George knows that to make it to the top you have to take risks.
Get on with it: AMP, Ares talks frustrate investors
AMP and suitor Ares Management are coming under intense investor pressure to draw a line under protracted deal talks.
CEO stays as AMP sell-off fuels turmoil
Under-fire AMP flags a leadership and strategy review, but again declares CEO Francesco De Ferrari has not resigned.
AMP’s cycle of destruction continues
With its CEO seemingly under a cloud, AMP’s reputation as an executive graveyard looks set to continue.
Ares tie-up to ‘turbocharge’ AMP Capital
AMP says a proposed $2.5bn private markets JV with Ares will ‘substantially further strengthen’ the group’s capital position.
AMP shares savaged after Ares abandons bid
Ares pulls out of $6bn-plus bid but continues to ‘engage’, as AMP’s profit remains under pressure, shares plunge 10 per cent.
Ares in talks with banks for AMP bid
Ares Management is in talks with at least three parties, including Macquarie, to participate in buying AMP’s bank as part of its broader $6bn-plus takeover.
Flowering of an idea
There was a meeting of minds when French artist Alexandre Benjamin Navet was asked to decorate the boutiques of Van Cleef & Arpels.
Calling out Turnbull for his puerile revenge mission
Your editorial adduced the character and political history of Turnbull perfectly.
Wall Street closes at record on vaccine hopes
The S&P added 1.4 per cent to hit its first record close since early September while the Dow Jones also jumped.
Evans Dixon: It’s the Pitts
The wealth manger’s big name shareholders have been bending executive chairman David Evans’ ear over recent weeks.
SOHN Conference top stock picks
Amid a tumultuous year for global sharemarkets, leading fund managers bring you their best stock picks and market insights.
The retail stock to watch in 2021
Regal’s Todd Guyot is watching one Aussie furniture retailer with expectations its share price could double in the next three years.
Mobile payments stock on a tear
A Chinese payments group whose founder owns 40 per cent is the hot stock pick from Tekne Capital’s Beeneet Kothari.
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