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Showing 81 - 90 of 94 results for "UK business"

AMP debt down by 2005: CEO

AAP  |  MONDAY, 13 OCT 2003
AMP's demerger and debt reduction program should see the troubled finance giant with excess cash and a possible share buy-back by the end of 2005, AMP chief executive Alan Mohl said over the weekend. AMP will have to inject another $84 million into ...

AMP details $1.2 billion rights issue as part of demerger

AAP  |  FRIDAY, 10 OCT 2003
Troubled financial services group AMP Ltd is to undertake a $1.2 billion rights offer to redeem its reset preferred securities as part of its planned demerger. AMP also said it is injecting a further net $84 million into its United Kingdom operations. ...

AMP shares placed in trading halt in NZ

AAP  |  FRIDAY, 10 OCT 2003
... failed to find buyers for its troubled British operations and appeared to be pushing ahead with its plan to demerge its UK business from its operations in Australia and New Zealand by the end of this year. AMP shares have plunged from NZ$15 in December ...

AMP shares up on hopes of reinsurance sale

AAP  |  WEDNESDAY, 8 OCT 2003
... failed to find buyers for its troubled British operations and appears to be pushing ahead with its plan to demerge its UK business from its operations in Australia and New Zealand by the end of this year. Gordian, which has been closed to new business ...

AMP asks for more debt

AAP  |  TUESDAY, 7 OCT 2003
Troubled fund manager and life insurer AMP Ltd has reportedly asked Britain's Financial Services Authority (FSA) to accept a higher level of debt in its United Kingdom operations. AMP wanted permission to increase the debt in a "last ditch effort to ...

AMP discusses capital raising plans

... position of its Australian operations, before they are separated in the upcoming demerger from the insurance giant's UK business. AMP said at its interim results that if its proposed demerger proceeds, refinancing the RPS is both necessary and desirable ...

AMP reportedly set to begin $1.15 billion capital raising

WITH AAP  |  MONDAY, 8 SEP 2003
... position of its Australian operations, before they are separated in the upcoming demerger from the insurance giant's UK business. AMP is expected to conduct the capital raising, which was flagged at the company's results briefing last month, in November. ...

AMP refuses to name UK business buyers

WITH AAP  |  MONDAY, 1 SEP 2003
AMP Ltd today remained tightlipped about whether it had lined up three potential buyers for its troubled British life insurance businesses. Earlier today it was reported that South African insurer and funds manager Old Mutual, American buyout specialist ...

NAB declares interest in AMP

AMP shares were trading at $6.27 this afternoon, a three-month high, following confirmation today the National Australia Bank is building a strategic stake in the troubled insurer. In an official announcement to the Australian Stock Exchange (ASX) this ...

AMP Ltd discusses outside interest in its UK businesses

WITH AAP  |  MONDAY, 11 AUG 2003
AMP Ltd today said its underlying group earnings and United Kingdom writedowns for the first half were broadly in line with guidance previously given to the market. AMP will release its results for the six months to 30 June 2003, on 20 August. "However ...