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Showing 21 - 30 of 31 results for "UK businesses"

AMP share price opens lower after Cicutto comments

... view, there is no clear justification for a demerger which retains significant linkages between its Australian and UK businesses," Mr Cicutto told the market. "It is unclear what potential financial, regulatory and reputation risks and other obligations ...

AMP faces $1 billion writedown

AAP  |  TUESDAY, 14 OCT 2003
... Financial Review reported today the writedown will come as part of AMP's planned demerger of its Australasian and UK businesses, bringing the total losses on its offshore expansion to almost $6 billion. "The extra hit is due to AMP's need to put a price ...

AMP shares soar as Mohl details demerger plan

AAP  |  MONDAY, 13 OCT 2003
... offer shareholders full value for the businesses they own." Mr Mohl added that it was "not inconceivable" that the UK businesses could be sold but it would require "something significant" to tempt AMP to change its mind on proceeding with the demerger. ...

AMP debt down by 2005: CEO

AAP  |  MONDAY, 13 OCT 2003
... end of December, with the Australasian operations to be listed as AMP Ltd on the Australian Stock Exchange and the UK businesses as HHG plc in London. As well as the $84 million, AMP must push ahead with plans for a $1.2 billion rights offer to help ...

AMP details $1.2 billion rights issue as part of demerger

AAP  |  FRIDAY, 10 OCT 2003
... while HHG's external debt will be $145 million. AMP said it had received a number of conditional proposals for its UK businesses but the demerger remained the preferred option. "AMP believes these conditional proposals are not attractive relative to ...

AMP asks for more debt

AAP  |  TUESDAY, 7 OCT 2003
... marking a change from its announcement on May 1, when management revealed its plan to break up the Australian and UK businesses." AMP shares closed steady at $6.60 yesterday.

NAB declares interest in AMP

... Executive Officer of NAB, said the bank had no interest in acquiring AMP "while the insurer retained control of its UK businesses". "This is a strategic investment for the National," Mr Cicutto said in the statement to the ASX. "We await the detailed ...

AMP Ltd discusses outside interest in its UK businesses

WITH AAP  |  MONDAY, 11 AUG 2003
... line with the guidance given on 1 May 2003," the company said. AMP said it had received several approaches for its UK businesses. "These approaches have not at this stage led to a detailed proposal to be considered by the AMP board," it said. "As stated ...

AMP updates demerger process

... shareholder and necessary regulatory approvals, AMP added. The board believes that the separation of the Australian and UK businesses will allow their fundamental value to be better reflected in the market, given the focus of the demerged companies on ...

Yates takes charge of AMP's UK businesses

AMP has placed current head of Henderson Global Investors Roger Yates in charge of its troubled UK operations, it has announced.While retaining his role as the head of AMP's Henderson Global Investors funds management business, Yates will now assume ...