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…
-
Noosa News21 hours agoFatal Traffic Crash, South Bingera
-
General23 hours agoBathurst 1000 quick hits: Chaz Mostert drinks beer with fans, Erebus owner protests, and drama on Mount Panorama
-
Noosa News17 hours agoTrucking company penalised for refusing to pay unfairly sacked worker
-
Noosa News13 hours agoFarmgate Backpackers leads with integrity amid industry challenges