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General

AMP announces demerger, $2.6 billion writedowns

AMP has announced a massive restructure that will see the company demerged along geographical lines and writedown $2.6 billion...

AMP shares put on halt until May 5: ASX

AMP shares have been placed in trading halt pending an announcement by the company, the Australian Stock Exchange (ASX) announced this morning...

Morning market wrap: Mixed signals for US market

The Dow Jones finished slightly lower as investors were subjected to a barrage of mixed signals regarding US economic health...

AMP Henderson prepares the ground for Stanbroke sale

AMP Henderson Global Investors is due to complete the first stage in its tender process to sell Stanbroke Pastoral Company by late May after “significant” declarations of interest in the company...

AMP demerger will have "minimal impact": APRA

The Australian Prudential and Regulation Authority (APRA) has said that AMP’s proposal to demerge is likely to have “a minimal impact on Australian policyholders and depositors”...

Miekle joins growing list of banned ex-CNAL trustees

The Australian and Prudential Regulation Authority (APRA) has banned Roger Miekle from “acting as responsible officer of a superannuation trustee, investment manager or custodian” for his part in the failure of the Commercial Nominees of Australia ...

Afternoon market wrap: All Ordinaries edges lower

The All Ordinaries index finished slightly lower but the day was ironically dominated by a stock with zero volume in trade. AMP was placed on trading halt as it announced a massive restructure and $2.6 billion writedown from its UK operations...

ICI announces $161 billion in combined US ETF assets for March

US investment industry association, Investment Company Institute (ICI) has announced a March US$100.83 billion (A$161 billion) asset total for US exchange-traded funds (ETFs), an overall increase of US$8 billion...

WRF to launch Tasmanian blue gums offering

WRF Capital is to launch an investment product in Tasmanian blue gum trees on Kangaroo Island in a bid to take advantage of the burgeoning trade in carbon credits, it has announced...

Morningstar gives three-stars to HSBC small caps

Morningstar has given a three-star rating to HSBC Asset Management’s small caps management, citing “a lack of dedicated small cap personnel” as its “primary weakness”...