ASX worst week in 6 months; AMP surges
ASX clocks worst week in 6 months amid a rout in US tech giants after they reported earnings; AMP jumps on takeover news.
AMP Limited
Sigma exec hit with insider charge
An executive at Sigma is accused of selling shares before the company ended its wholesale contract with Chemist Warehouse.
Bleeding stalwarts lure foreign predators
Investors need to think fast as the recession offers rare takeover opportunities to overseas predators.
US firm lobs takeover bid for AMP
Shares in AMP soared after the beleaguered financial services giant revealed a US company had made a multi-billion dollar takeover bid.
Winner take all? Not likely for AMP
As the Ares bid breaks cover, many are tipping that AMP is a prize destined to be shared.
US fund Ares in buyout talks with AMP
US private equity firm Ares Management is in talks to buy AMP, amid ‘significant interest’ in the $4.48bn wealth manager’s assets.
Big government, unions, cronyism, scandals. Enough
Labor lacks the vision and strategy to take Queensland forward. Five years is enough; it does not deserve nine years.
Global debt pile to grow this year by $US20 trillion
The world’s towering pile of debt will grow even higher in the wake of the pandemic, but will not topple over, at least not in the coming two years, Standard & Poor’s says.
Tiffany agrees to new deal terms with LVMH
LVMH to pay $US131.50 a share for the U.S. jewelry maker, saving it roughly $US430 million.
ASX at 3-week low; Ares ‘interest’ in buying AMP
California-based private equity firm Ares Management said to be in talks to buy wealth manager AMP, as the ASX fell as much as 1.9pc to a fresh 3-week low.
Heineken cuts Coke’s grass with beer buy
Brewing giant Heineken has bought a range of beer and cider assets from Asahi, thwarting any plans by Coca Cola Amatil to do the same.
Tech giants lapping up a tsunami of capital
Through the pandemic, the tech giants’ position relative to their peers has grown even stronger through viral disruption.
Tightening leash on corporate watchdog
The Morrison government is looking at more reforms to change the administration and culture of the Australian Securities & Investments Commission.
ASX slides to 3-week low
ANZ warns on cash profit hit after the ASX slides to 3-week low as surging Covid cases and US stimulus delays threaten the global economy.
Riot shutters stores, jobs lost
Riot shutters about 57 stores with the loss of about 135 jobs, adding to the toll of retailers struggling with the impact of the coronavirus.
COVID mania interferes with business at every turn
The obstacles to business, including Airbnb, are over the top and unworkable.
Temple & Webster shoots for the stars
Before lockdown, many Australians would not have heard of Temple & Webster.
CD&R joins the race for Boral’s assets
Private equity firm Clayton, Dubilier & Rice has emerged as a potential buyer of Boral’s assets in the US when they come up for sale.
ASX bounces after debate, as ASIC boss shocks
Australia’s share market finished slightly weaker, but mostly recovered from an intraday fall, as ASIC’s chair stepped down.
Facebook, Google ‘are watching you’
Digital platforms such as Facebook and Google are ‘extensively tracking’ the online activities of Australians, a new report says.
Original URL: https://www.theaustralian.com.au/topics/amp-limited/page/3