Business
AMP to return $544m to shareholders – The Australian Financial Review
The troubled wealth giant has thrown long-suffering shareholders a bone – a 10¢ dividend and an on-market share buyback program – as it confirms a plunge in profit.
The announcement on Thursday comes as AMP is in the midst of a crisis involving sexual harassment allegations against senior executives on top of the lingering critiques of the Hayne royal commission.
AMP confirmed that underlying profit for the first half of the calendar year was $149 million, down 40 per cent on the first half of 2019 or 52 per cent if the contribution of the recently offloaded life insurance business is counted.
In July it told the market to expect underlying profit for the…
-
General22 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
Noosa News11 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General10 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General20 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba