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AMP reports $47m advice loss; new chair appointed

AMP has reported an underlying NPAT loss of $47 million in the full year 2023 for its advice division as it focuses on making advice a standalone business and announced a new chair for its board.

New zealandMike hirstDebra hazeltonAlexis georgeAdelaide bankLast resortFederal courtMaster trustColonial first

AMP chair steps down

The chair of AMP will step down on April 12 after nearly five years in the role.

Debra hazeltonMike hirstCatherine brennerTreasury corporation of victoriaCommonwealth bankJapan foundationPersol australia holdingsAustralian banking associationMizuho bankHayne royal commissionAdelaide bankAustralian financial markets associationHayne royalTreasury corporationAustralia japan foundationAustralian financial markets

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.

South australiaNew zealandNew south walesDarren steinbergAlexis georgePeter tompkinsDebra hazeltonMike hurstDowner ediBendigo adelaide bankAtlassian centralAdelaide bank

AMP share price: shares rally on $295m capital return promise

The sprawling financial group is targeting more cost savings and a financial advice shake-up to execute a long-awaited turnaround.

Mike hirstDebra hazeltonReserve bank

Australia s AMP shares surge on annual profit beat and capital return plans

Shares of Australian wealth manager AMP staged their steepest gains in 21 months after it recorded a better-than-expected rise in underlying annual profit and announced a large return of capital, even.

New south walesAlexis georgeMegha raniPoonam behuraShinjini ganguliLisa shumakerMike hirstDebra hazeltonVisible alphaJamie freed

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