Business
The ASX 200 stock facing a day of reckoning at the February reporting season
Next month’s ASX profit reporting season should be a relatively pleasing one. But there’s one large cap stock that’s facing the pump.
The ASX stock in the hotseat is the AMP Limited (ASX: AMP) share price, but it isn’t for what you might think!
It’s not so much profits but progress on its restructuring that will be dogging management in February.
Clock ticking on AMP share price
Citigroup believes AMP is running out of time to show progress. And that the best way for the embattled wealth manager to create value is to sell some of its key assets.
Macquarie Group Ltd (ASX: MQG) is touted as the most likely buyer. But after its acquisition of Waddell & Reed Financial, Australia’s home-grown investment bank may have too…
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